May 13, 2026
The Salt Lake City Community Reinvestment Agency (CRA) today approved nearly $6.4 million in funding to support affordable homeownership projects in Salt Lake City, including townhomes, single-family homes, and down payment assistance tools.
The funding will support homes for low- and moderate-income households through shared equity and community land trust models designed to preserve long-term affordability.
“We want Salt Lake City to be a place where families can build a future and remain in the neighborhoods they love,” said Mayor Erin Mendenhall, executive director of the CRA. “These projects will help more residents purchase a home, build equity, and stay rooted in our city.”
Now in its second year, the Residential Wealth Building Pilot Program supports strategies that expand access to homeownership while maintaining long-term affordability.
The CRA released the competitive funding opportunity in October 2025. Applications were evaluated based on financial sustainability, affordability, and project readiness.
The approved projects include:
Gladhouse 3
1084 West 1700 South
Developer: Community Development Corporation of Utah (CDCU)
Funding: $2.4 million
Groundbreaking: Mid 2026
The project will create eight affordable single-family cottage court-style homes for households earning at or below 80% AMI through a community land trust model. Funding also includes support for down payment assistance, matched savings, and homebuyer counseling programs.
Brix on Tenth
1549 South 1000 West
Developer: Garbett Homes, in partnership with Homium
Funding: $4 million
Groundbreaking: Early to mid-2026
Brix on Tenth will create 23 deed-restricted townhomes for households earning between 80% and 100% of Area Median Income (AMI), helping expand homeownership opportunities for moderate-income and workforce households. The project uses a shared equity model designed to keep homes affordable for future buyers.
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About Salt Lake City Community Reinvestment Agency
The Salt Lake City Community Reinvestment Agency (CRA) works to expand housing opportunities and strengthen neighborhoods across Salt Lake City. Through strategic investments, partnerships, and affordable housing programs, the CRA supports affordable housing development, economic opportunity, and long-term community investment.
Tags: affordable housing, community investment, Community Reinvestment Agency, Downtown, family sized housing, Mayor Erin Mendenhall, Redevelopment Agency of Salt Lake City (RDA), Salt Lake City, Salt Lake City Council, Salt Lake City Mayor Erin Mendenhall