We think about affordable housing a little differently: Our approach protects the existing housing supply and gives Utahns the support they need to thrive.
By focusing on affordable housing preservation, we’re making an impact today and laying the groundwork for a healthier housing ecosystem.
Affordable Units Preserved Savings For Tenants Residents Served Impact on State's Investment Our ApproachThrough purchasing, deed restricting, and managing properties, we’re ensuring that Utah’s existing affordable housing remains accessible to those in need—forever.
Our Partners
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There's no single solution to the housing problems facing our state, but affordable housing preservation is a crucial part of the puzzle. By protecting existing properties, we're setting the foundation for future success.
Expiring LIHTC restrictions and increased out-of-state investment put affordable housing at risk. Protecting our existing supply is a crucial first step in any solution.
By preserving existing housing, we ensure that new development is adding to our supply rather than simply replacing what has been lost.
Affordable housing preservation works fast, stabilizing rents and preventing displacement at comparatively little cost.
Our ImpactOur fund is making a real difference for Utah families. Week-over-week, year-over-year, dependable housing sets our residents up for long-term success.
“I have three kids, and it feels so good to be able to buy food and diapers without having to worry about how to buy those things and pay the rent.”
“They remodeled my apartment, and everything is clean. I can pay my rent every month without having to worry about anything.”
“Being a single dad, I am always wanting to make sure that my kids have a safe place to live. Being able to afford to do that has been the reason I have stayed in Utah.”
How We WorkYes, it definitely is!
Evergreen affordable housing simply refers to affordable housing that lasts forever. When we purchase a property, we issue a deed restriction that stipulates we’ll hold the property in perpetuity and serve residents earning below the area’s average median income. Because we never sell these protected affordable homes, they remain safe, dependable places for Utah families, regardless of changing market conditions.
The state of Utah has found great value in our approach. So far, the state legislature has committed $52.5M to the fund to protect affordable housing for Utah families. Governor Cox has also directed $10M to our fund through his new housing plan in 2023. The State of Utah's commitment to the UHPF is pivotal to making the fund evergreen.
We own and manage properties in Salt Lake, Summit, Tooele, and Washington counties but are quickly expanding into other areas. While affordable housing is more often an issue for cities, we believe every Utahn deserves a stable, comfortable home. That’s why we plan to direct 30% of our efforts to serving folks in rural areas.
While affordable housing preservation is just one piece of the puzzle, it offers some significant advantages compared to other solutions. Preservation is faster, more affordable, and less complicated than new development. We’re able to make a real difference in a matter of weeks, not years, and can avoid frequent hang-ups like zoning and permitting. So far, the state of Utah has seen a 10x impact through its investment with us.
We provide housing to a wide range of folks. On average, we assist community members earning 30% to 100% of an area’s average median income. If you’re interested in renting one of our units, you can find contact information for each property on the properties page.
We preserve and expand affordable housing by purchasing, remodeling, and rent-stabilizing housing units across the state. Our approach quickly protects accessible Utah homes that will last forever.
