Acquisition and conversion of a condominium-ized portion of a building into 96 affordable housing units (25-50% AMI) with a tenant wealth-building initiative. The building also hosts various community services and non-profit organizations.
Aims to optimize land use and potentially increase affordable housing or community amenities. Will require planning approval, considering impacts on parking and urban density.
At a glance
Last vote
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 90 before that.
The CRA is grappling with a $250,000 cost increase for the historic reconstruction of the Salt Lake Mattress building, part of the USA Climbing National Training Center. This raises questions about balancing the desire for historic preservation with budget constraints and the feasibility of alternative, potentially less costly, designs. The decision will impact the final cost to the CRA and the architectural character of a significant community development.
The Perpetual Housing Fund is planning a second facility on the site of their existing affordable housing project, potentially replacing a large parking garage. This development could add more affordable units or community-serving spaces, optimizing land use in a central location. The project will require planning approval, which will involve considerations of density, parking, and overall community impact.
The Perpetual Housing Fund (PHF) partnership, supported by $10 million in CRA ARPA funds, has successfully created 96 affordable housing units at 515 East 100 South, targeting households at 25-50% AMI. This initiative aims to provide stable housing and opportunities for residents to build wealth through profit sharing. The project also integrates various community services, enhancing the quality of life for residents and the surrounding neighborhood.