Executive Director’s Letter

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SUMMER 2017

            MCHT has more affordable housing projects in progress than at any time in its history. Currently, MCHT is working on the development of 377 units that will start construction this summer and in 2018. This exciting news will provide much needed housing options for the local workforce.

            For the first time in several years there will be opportunities to purchase new affordable homes in and around Park City. MCHT will be building for-sale townhomes at Silver Creek Village later this summer. For the first time the Self Help program will be available on the west side of the county. MCHT will also be qualifying purchasers restricted townhomes at the Discovery project in the Snyderville Basin. Park City Municipal Corporation will also have two homeownership projects available for purchase this summer as well. Please visit MCHT’s website for information on these projects and review the joint application and timelines.

            MCHT will also start construction on 64 affordable apartment units at Silver Creek Village this summer and will apply for competitive low income housing tax credits in October to obtain financing for another 106 and 24 apartment units in Silver Creek Village. MCHT hopes to start construction of 33 more apartment units next year as well. These four complexes will offer affordable rents for studio to four-bedroom units for households earning 60% of the area median income and below. The first units will be available in early fall 2018.

            In partnership with the Wasatch County Housing Authority, MCHT will also start construction on a second senior apartment project in Heber adjoining the current Prestige Senior Living Center. This 38 unit complex will provide one and two-bedroom apartments for seniors earning 50-80% of the Wasatch County area median income. Apartments should be ready for occupancy early next fall.

I have been executive director of MCHT since 2001 and I have to say this is the most exciting time for affordable housing in our community. Park City Municipal Corporation, Summit County and others recognize the critical need to house our workforce where they work to reduce traffic and maintain a diverse community and are doing something about it.

Have a great summer!

Sincerely,


Scott Loomis

Executive Director

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