The Economic Development Authority has also looked at other investment opportunities rather than just commercial properties. Although the recession took its toll everyone, the EDA took the opportunity to take advantage of the low house rates.
The EDA currently has one home in its possession, it was the second residential property purchased by the EDA. It's a condo located just on the outskirts of Tucson, Arizona. It's a spacious two-bedroom home at Kinney Village. This was a smart purchase by the EDA as it was procured while the market was still down. The property continues to increase in value as the market prices rise. The EDA currently leases the property out to individuals or families on annual leases.