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Redevelopment agency allocates $400,000 to NeighborWorks for down‑payment and home‑repair programs; Triplane homes begin construction
Summary
The Redevelopment Agency of Murray City approved a contribution agreement with NeighborWorks Salt Lake to fund down‑payment assistance and home‑improvement loans and grants. The agency also updated members on RDA budgets, prospects for the sale of the old city hall parcel, and construction of three homes in the Triplane/Trip Lane project.
The Redevelopment Agency (RDA) of Murray City voted June 17 to approve an agreement with Salt Lake Neighborhood Housing doing business as NeighborWorks Salt Lake to provide $400,000 in RDA funding for programs that help homebuyers and fund home rehabilitation.
Under the approved allocation the RDA designated $200,000 for NeighborWorks’ down‑payment assistance program and $200,000 for its home improvement and rehabilitation program. Agency staff said the down‑payment assistance awards typically have a per‑household limit of $30,000 and that NeighborWorks used prior allocations to help a small number of households: the federal‑style figure presented at the meeting was seven homes…
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