A handful of proposed affordable housing projects in Salt Lake City have scored federal and state subsidies.
The Utah Housing Corporation recently released a list of developments in line for government funds, which also outlines the unit breakdown for each project and the projected AMI which the developments would serve, according to the UHC list.
Among the projects given funds are two new, notable projects in Salt Lake City — both of which have been highlighted in city documents in recent months.
One project is the Gardens at Palmer, a project that would redevelop the existing Palmer Court, located at 999 S. Main St. in Central 9th, into deeply affordable housing. The project would consist of first building a new housing complex on Palmer Court’s current parking lot, then knocking down the existing Palmer Court to make way for a second new building.
The UHC list indicates the Gardens at Palmer will receive state and federal funds after submitting two applications, one labeled “TRH” signifying The Road Home, which operates the current Palmer Court, and the other labeled as “FSH” for the First Step House, which provides care to people with mental health issues or substance abuse disorders.
Both applications show a combined unit count of 187 housing units, which is the number of units stated in materials submitted to Salt Lake City earlier this year. Both applications submitted to UHC also indicate the funds would go toward serving people who make below 30% AMI, which would categorize the units as deeply affordable. All 187 units would be one-bedroom units.
In total, the Gardens at Palmer is set to receive over $5.7 million, according to the UHC list.
Earlier this year, the Community Redevelopment Agency of Salt Lake City voted to amend a loan agreement between the city and The Road Home which paved the way for the Gardens at Palmer project to apply for state and federal housing funds.
The other new, notable project that is set to receive state and federal funds is the Fairmont Heights Apartments, which would be located at 2257 S. 1100 East, just to the east of Fairmont Park.
The UHC list indicates only one of Fairmont Heights’ two towers would receive funds, as the building is slated to be split up to feature a north tower and a south tower. Each tower has 55 units, and the UHC list says the funds set aside for the project would cover just 55 units. All the units that will receive funds are one-bedroom, the list says.
Plans submitted to Salt Lake City this summer indicate the Fairmont Heights project would cater only to seniors over 62. The project would cater to people with varying AMI’s, ranging from 20%-80% AMI. However, the bulk of the units would be offered to people making 40%-50% AMI, according to previous BSL reporting. The UHC list indicates the funds would be dedicated to people making below 45.83% AMI on average.
Fairmont Heights is slated to receive over $1.83 million in both state and federal LIHTC funds.
A handful of other Salt Lake City housing projects will also receive funds, the UHC list says, though these projects have only been awarded state tax credits.
The 1300 South Apartments will receive $486,664 in state tax credits, the UHC list says. That project, located at 390 W. 1300 South, also received $750,000 in tax credits from Salt Lake City earlier this year. The complex is slated to have 96 units and serve people with an average AMI below 54.9%.
Brooklyn Yards, a Brinshore Development project located at 269 Brooklyn Ave., is set to receive $625,000 in state tax credits for its 171-unit apartment building. The development will serve those earning 60% AMI or lower.
The Cooperative 1881, located at 1881 W. North Temple, will receive $644,000 in state tax credits to help build the 198-unit complex. The development will on average serve those earning 56.39% AMI or lower.
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