Milestone Bank Invests $2M in Utah Housing Preservation Fund to Strengthen Affordable Housing Efforts

The Utah Housing Preservation Fund (UHPF) is excited to announce a significant $2 million investment from Milestone Bank, formerly known as LCA Bank. This Utah-headquartered industrial bank is demonstrating its commitment to addressing the growing need for affordable housing across the state.

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Outlook on Housing Affordability Part 1: Understanding the Current Landscape

The Spring 2024 Outlook Webinar provided insightful perspectives on the challenges and opportunities in the housing market, especially concerning housing affordability. This series will break down the webinar into key takeaways and explore what can be done to address housing affordability.

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The Impact of Banking On Affordable Housing Preservation Efforts

Affordable housing is a cornerstone of stable communities and thriving economies. In Utah, the challenge of preserving affordable housing has become increasingly pressing. As the Utah Housing Preservation Fund, we are committed to addressing this issue by collaborating with industrial investment banks. By leveraging their financial expertise and resources, we aim to create sustainable solutions that ensure long-term affordability for our residents.

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Outlook on Housing Affordability Part 2: Economic Insights and Their Impact on Housing Affordability

In this second part of our series on the Spring 2024 Outlook Webinar, we delve into the economic insights shared by experts from the Kem C. Gardner Policy Institute, Salt Lake County and the Utah State Legislature. Understanding these economic factors is crucial for addressing housing affordability issues effectively.

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Breaking the Cycle: How Housing Preservation Prevents Homelessness and Mental Illness

Homelessness is on the rise in the United States and here in Utah. The Utah Housing Preservation Fund has played a major role in preventing homelessness mainly through their commitment to keep housing affordable.

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Utah’s housing preservation fund is built for impact and partnership by Steve Waldrip

This opinion article was written by Steve Waldrip, Utah’s senior adviser for housing strategy and innovation, and published in the Deseret News. "Utah is facing a housing crisis marked by a severe shortage of affordable units. This shortage places unprecedented pressure on our existing housing stock, exacerbating the struggles of our most vulnerable residents, and increasing the risk of homelessness as deed restrictions expire and housing options dwindle..."

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Economic Empowerment and Mobility through Affordable Housing

By emphasizing the importance of affordable housing in economic empowerment and mobility, this blog post highlights the vital work of the Utah Housing Preservation Fund in building a more equitable and prosperous future for all Utahns.

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Prescribing Homes: How Healthcare Organizations Address Housing as a Social Determinant of Health

The Utah Housing Preservation Fund (UHPF) collaborates with major healthcare organizations like Optum Bank (UnitedHealth Group) and Intermountain Health (IH) to improve public health by acquiring, improving, and managing affordable housing units in the community. Housing, as one of the best-researched social determinants of health, has proven to be a distinguished factor affecting health and wellness.

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The Mission of the Utah Housing Preservation Fund

By focusing on existing affordable housing properties, UHPF aims to create a sustainable and inclusive housing ecosystem for the benefit of the entire community. Through a multifaceted approach encompassing the purchase, deed restriction, and meticulous management of properties, the Fund ensures that Utah's current affordable housing stock remains accessible to those who need it most.

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