Loan Amount: $210,000
Developer: Family Promise - Salt Lake
Family Promise is a compact 3-unit apartment project operated by a non-profit to assist homeless families, with rents up to 80% AMI but currently at 40% to maintain affordability for those transitioning from shelters. It offers critical supportive services including temporary shelter, housing assistance, meals, counseling, and post-shelter support, facilitated by a network of volunteers and congregations. Unique elements include a first-floor office, laundry, community room, and fenced playground in a two-story building, creating a safe, nurturing space for families to achieve self-sufficiency in Salt Lake City.