HUD Archives: News Releases

HUD No. 12-02
Kelly Jorgensen, Field Office Director
(801) 524-6071
For Release
November 29, 2011


SALT LAKE CITY - U.S. Housing and Urban Development Regional Administrator Rick M. Garcia held a press conference at the site of "the Plaza on State Street" on Tuesday, November 29, 2011. The project, being developed by Ben Logue of the La Porte Group will provide 180 units of mixed income housing in the heart of Salt Lake's Central
Business District. In addition to housing, the three properties will provide over 25,000 square feet of retail and office space. The project is estimated to create 250 construction jobs as well as 250 permanent positions once completed.

"For Salt Lake, having a project that brings together a mix of households of different incomes, with space designed
to offer employment and services, demonstrates how the city continues to make this an open, accessible and welcoming place for everyone." said Mr. Garcia. He went on to say "Supporting this type of diversity in development will truly make Salt Lake a more sustainable community for its current and future citizens."

During his remarks Mr. Garcia indicated that the Neighborhood Stabilization Program, known as NSP is tied to Project Rebuild, which is part of President Obama's Job Creation Initiative. Project Rebuild will piggyback on the success of NSP and will continue creating jobs, moving foreclosed properties off the market and creating new housing opportunities. Project Rebuild will directly fund commercial and neighborhood revitalization projects that will transform communities in need into communities of opportunity.

The NSP program provided over $24.5 million in funds to Utah since 2008 and has supported the development of 438 housing units and over 200 jobs throughout the state. The $35 million dollar Plaza at State Street received $4.5
million in State NSP dollars along with funds from the Olene Walker Housing Loan Fund, Salt Lake City and its Redevelopment Agency, the Utah Housing Corporation, Citibank and a number of other private and public resources.


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Content Archived: January 23, 2013