Utah

Taylor Garden Apartments | Salt Lake City, UT

Loan Amount: $3,650,000

Developer: Housing Authority of Salt Lake City

Taylor Gardens Apartments is a newly constructed 112-unit senior housing project designed for elderly residents, featuring 66 units rent-restricted under the LIHTC program at 25% to 49% AMI and 46 market-rate units to promote mixed-income living. Key amenities include a clubhouse, fitness center, wellness room, lounge, kitchen, and common laundry rooms, creating a supportive and engaging community environment. Interestingly, the project is built on land leased for just $1 per year from the Housing Authority of Salt Lake City, ensuring long-term affordability and easy access to urban amenities and services in a central location.

Units: 112