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.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 90 before that.
The city invested $10 million in ARPA funds and expects a 2-6% annual return.
Low-income families who get stable, affordable housing and a chance to build long-term savings.