SALT LAKE CITY — The Utah Nonprofit Housing Development Corp. has renovated an apartment complex in the Rose Park neighborhood, to serve up to 110 low-income families.
The major remodel of Riverwood Cove, near 600 North and Redwood Road, was a $9.4 million effort, according to the group's executive director, Marion A. Willey.
A group of local financial institutions — including Ally Bank, Morgan Stanley Bank and Wells Fargo — is funding a resident-services package for people who make less than 15 percent of the area's median income.
The 12-building complex will focus on bilingual and lifelong education for residents, many of whom are Latino.
— Rebecca Palmer
The U.S. housing market is historically overvalued. Moody’s says these cities may see prices drop up to 10%