Utah

Sharon Gardens Apartments | South Salt Lake, UT

Loan Amount: $850,000

Developer: Utah Non-Profit Housing Corporation

Sharon Gardens Apartments is a 58-unit affordable senior housing development in a five-story building, including 44 one-bedroom LIHTC restricted units, 13 market units, and one manager unit, targeting a weighted average AMI of 37%. The project serves elderly residents with incomes at or below 60% of AMI, providing a safe and accessible environment for low-income seniors. This development stands out as a nonprofit-led initiative focused on preserving affordability and supporting the critical needs of the aging population in the community.

Units: 58