Utah

Woodruff Apartments | Salt Lake City, UT

Loan Amount: $960,000

Developer: Woodruff Landmark Associates

Woodruff Apartments involves the rehabilitation of an existing multifamily 4-level walk-up building, featuring 48 units including 15 studios, 18 one-bedroom/one-bath units, and 15 two-bedroom/one-bath units. Of these, 45 units are restricted under the LIHTC program for households at various low-income levels, while 3 are market-rate units. Amenities include concrete patios or balconies with storage closets, security features like smoke alarms and deadbolt locks, and recreational spaces such as a community room and outdoor areas, catering to low-income families.

Units: 48