Our approach acts fast: we preserve and improve existing affordable properties, creating a stable foundation for many of our state’s residents.
Our state has an acute housing shortage of nearly 30,000 units, with an extreme shortage of affordable units. In the next 5 years, 6,600+ naturally-occurring and subsidized housing units are at risk of expiring tax credits and gentrification.
In recent years, Utah has also become a very attractive market for institutional investors and out-of-state buyers looking to acquire “value-add” properties, renovate them, and increase rents. This cycle, in many cases, results in the displacement of families.
Protecting Utah’s existing affordable housing is a crucial first step in solving our state’s housing challenges. We acquire both naturally occurring affordable housing properties (NOAH) and expiring LIHTC projects and hold them in perpetuity, ensuring that they remain affordable homes for community members.
Once we have acquired a property, we improve it to ensure it’s a safe and comfortable space for residents. All of our properties have units priced specifically for community members earning below the state’s average median income (AMI).
Safe, comfortable, and affordable housing is the difference between merely surviving and thriving for many Utah families. We work with a variety of partners to ensure our units go to those most in need.
We understand that dependable housing is just one component required to thrive. That’s why we connect our residents with other organizations that provide additional assistance with everything from job searches to securing government benefits.
Invest With UsWhile affordable housing problems are felt most acutely in urban areas, we’re committed to helping those in need across the state. That’s why we aim to invest 30% of our funds in rural towns and counties.
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Our approach protects affordable housing that serves a wide range of folks. On average, we assist community members earning 30% to 100% of the AMI.
Investing in the Utah Housing Preservation Fund offers impactful opportunities for foundations, banks, and government bodies. We're protecting affordable housing that will lift up Utahns for years to come.
Our fund is managed by the Utah Non Profit Housing Corporation—a 501(c)3 that shares our commitment to affordable housing. Our one-and-only goal is to preserve and expand safe, accessible homes in Utah, meaning your community will see serious benefits from your investment.
In addition to market price, we offer the peace-of-mind that comes with knowing your building will remain a safe, affordable place for tenants and community members.
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