2002 Section 108 Project Summary - Utah

Housing

SECTION 108 TO FINANCE AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES, SENIORS
West Valley City UT Harvey Street Affordable Housing Project $ 3,400,000

A Section 108 award of $3,400,000 in loan guarantee assistance will help West Valley City realize its affordable housing goals. The award financed the acquisition, demolition, and relocation costs associated with the 8.9-acre Harvey Street Redevelopment. The West Valley City Housing Authority will oversee the redevelopment that will include two affordable housing projects, totaling 167 new units, for low- and moderate-income households. One phase will be a 79-unit senior complex targeting low-income seniors, and an additional 88 units in multiple structures for low- and moderate-income households. Total redevelopment cost is estimated at $19,436,805.