Board discusses Sunrise Metro loan amendment for supportive housing project

The Salt Lake City Community Reinvestment Agency (CRA) meeting on July 8, 2025, focused on a significant amendment to the loan for the Sunrise Metro permanent supportive housing project. The meeting began with a presentation regarding the loan amendment, which is crucial for the ongoing support of this housing initiative.

Sunrise Metro is a 100-unit permanent supportive housing project located at approximately 580 South 500 West. It is operated by a housing assistance management enterprise and specifically targets individuals and families earning 35 percent of the Area Median Income (AMI) or less. This project is one of the few in the Salt Lake Valley that caters to this income bracket, highlighting its importance in addressing housing needs for low-income residents.

During the meeting, a board member disclosed their connection to the housing authority overseeing the loan amendment and recused themselves from the discussion to maintain transparency and avoid any conflicts of interest.

The amendment aims to ensure the continued operation and support of Sunrise Metro, which plays a vital role in providing affordable housing options in the community. The CRA's commitment to this project underscores its focus on addressing housing challenges faced by vulnerable populations in Salt Lake City.

As the meeting concluded, the board emphasized the significance of the Sunrise Metro project and the necessity of the loan amendment to sustain its operations and support for those in need. Further discussions and decisions regarding the amendment are expected in upcoming meetings, as the CRA continues to prioritize affordable housing initiatives in the area.