Thursday, January 3, 2013

Affordable Housing Industry

Photo: Courtesy Anita Crane
Prestige Senior Living Center in Heber City, Utah held a grand opening in November. Developed by the Wasatch County Housing Authority and Mountainlands Community Housing Trust, the property was constructed for residents 62 years or older with incomes between 25 and 49 percent of the AMI. The property’s 21 units come equipped with a washer and dryer, dishwasher, garbage disposal and central air conditioning. There is also a community game room available for residents. The Olene Walker Housing Loan Fund granted a $380,000 low-interest construction and permanent loan through the State of Utah and Mountainlands Association of Governments helped purchase land through a $150,000 Community Development Block Grant. WNC provided $2.3 million in LIHTC equity. Journal of Tax Credits