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Utah agency puts up $80 million for low-income housing projects

The Utah Housing Finance Agency has released some $80 million in low-income housing tax credits and tax-exempt bonds to be used for building and renovating affordable rental housing.

A total of 1,551 housing units will be constructed or renovated as part of the projects.

"These funds are granted to developers and builders who are committed to providing quality, affordable housing for low-income residents in their communities," said agency director William H. Erickson. "Our goal is to increase the availability of quality housing for people who are elderly, disabled, homeless or earn very low incomes."

The 19 housing projects to receive financing are in Salt Lake City, Midvale, West Valley City, West Jordan, Ogden, Farmington, Layton and Clearfield, as well as in some rural areas of the state.

UHFA is a public, nonprofit agency created by the Utah Legislature in 1975. Over the years it has provided funding for more than 60,000 single- and multi-family units.