Salt Lake City celebrated the opening of a brand new affordable apartment complex in the Ballpark Neighborhood.
SALT LAKE CITY — Salt Lake City on Wednesday celebrated the opening of a brand new affordable apartment complex in the Ballpark neighborhood. It's a public/private partnership that makes nearly 140 units available right now. More than two dozen of those apartments are reserved for two groups of renters who really need them.
"I believe this is the year of affordable housing in Salt Lake City," Mayor Erin Mendenhall said at an opening celebration. "But even the 34 units that are market rate are renting at about 70% of area median income. So, even our market rate units are affordable," Josh Runhaar, executive director of the Neighborhood Nonprofit Housing Corporation, said.
"It's not about 140 units. It's about 140 lives that we got to take part in changing," Jake Williams, partner with Defy Co.labs, a developer on the project, said."We're excited to see the progress of this building," Runhaar said. "We opened exactly a week ago, on March 1, and we are already one-third leased up. So we know the demand is there."
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