Utah

Richmond Flats Apartments | Salt Lake City, UT

Loan Amount: $4,250,000

Developer: Community Development Corporation of Utah and BlueLine Development Inc.

The Richmond Flats Apartments is a 55-unit multifamily development providing 55 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 50% of the area median income, featuring one to four-bedroom units in a garden-style building. It targets low-income families, with set-asides for homeless, disabled, and chronically homeless, offering supportive services in a high-opportunity area. 

Units: 55