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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.
$2 million program allocation.
First-time homebuyers earning 80% or greater of the Area Median Income.
The project will add 5,500 square feet of commercial space and new multifamily units, with sustainability requirements for landscaping.
The project will activate a long-vacant historic building and provide retail and office space.
Aims to optimize land use and potentially increase affordable housing or community amenities. Will require planning approval, considering impacts on parking and urban density.
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