Utah Housing Corp Announces $59 Million to go Towards Affordable Multifamily Rental Housing

Utah Housing Corporation recently announced awards of its 2013 round of competition for federal Low Income Housing Tax Credits (LIHTC). As the administrator of the LIHTC program for the State of Utah, Utah Housing received applications for 24 proposed projects, requesting a total of $11,624,000 in annual housing credits. Awards were made to 14 projects and totaled over $6.1 million of annual credits.  The winning projects range in size from four to 119 rental units, representing both newly constructed and existing, to-be-refurbished buildings. The rental units will provide affordable housing for seniors, veterans, refugees, and working families and individuals unable to afford market rate rents.

LoanSafe.org

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