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UHC approves $43 million for special housing

SHARE UHC approves $43 million for special housing

The Utah Housing Corp. has approved $43 million in financing for special housing projects throughout the state.

The financing includes low-income housing tax credits and tax-exempt bonds awarded to developers through a competitive bidding process.

The financing will allow 345 single-family homes and apartments to be built or renovated to house low-income families and those with special needs, including the elderly, disabled and homeless.

"Our goal is to increase the availability of quality housing for people who are homeless, living in substandard housing, or are struggling to afford a decent place for their family," said UHC president William H. Erickson.

The projects approved for UHC funding include:

Sunset Ridge Village II, Cedar City ; 34 apartment units for homeless and low-income families.

Eden Village, Eden, Weber County; 28 units to house media and other workers during the 2002 Olympic Winter Games, to be later converted into affordable apartments.

Frontier Transitional Housing, South Salt Lake; 15 apartments for families making the transition from homeless shelters to permanent housing.

Tavah Ma Weesi, Ft. Duchesne, Uintah County; 30 new single-family homes on the reservation.

Pine Valley Town Homes, Washington, Washington County; 50 units for homeless, low-income and very-low-income families.

Haven Pointe, West Haven, Weber County; 168 units of low-income and handicap-accessible apartments.