Loan Amount: $1,750,000
Developer: Housing Authority of Salt Lake City
9th East Lofts is a to-be-built six-story apartment building with 68 units, including 54 LIHTC restricted units targeting 25%-50% AMI and 14 market units, featuring a rooftop terrace, underground parking, 24-hour computer lounge, exercise facility, balconies, and nine fully accessible handicapped units. The project serves critical populations such as the homeless, veterans, victims of domestic violence, and individuals with disabilities, with tenancy set-asides to prioritize these groups. Unique aspects include podium-style construction for cost efficiency, LEED Silver and Energy Star 3.0 standards, and a small commercial space required by the RDA, enhancing community accessibility and sustainability.