For new affordable housing opening in Salt Lake City, the 140 studio and one-bedroom apartments at Colony B hit several sweet spots.
and others kept the project going, he said, while tax credits and patient private equity investors allowed costs to stay down., also credited major lenders such as American Express, Zions Bank, Ally Bank and Key Bank. “Without their funds,” Gentry said, “this project wouldn’t happen.”
“Don’t let us get too far without talking about what is next, ” Puy told those involved. “We want to be your partners.” The Colony B homes are located next to the Ballpark TRAX station, too, giving tenants major advantages and flexibility, Puy said, “to find jobs, build families and establish themselves. It’s huge.”
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