Utah

Capitol Villa Apartments | Salt Lake City, UT

Loan Amount: $1,594,730

Developer: Community Housing Services, Inc

Capitol Villa Apartments is a 108-unit multifamily affordable housing development, with all units restricted to households earning up to 60% of the area median income (AMI), supporting low-income residents in an upper-income area. The project features two three-story buildings with one-bedroom units, all benefiting from project-based vouchers ensuring tenants pay only 30% of income for rent. Unique aspects include a long-term Housing Assistance Payment contract and on-site supportive services through the developer, focusing on resident goals, community activities, and long-term viability.

Units: 108