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NeighborWorks Salt Lake reports $5.7M facilitated into Murray over two program years; asks council to consider renewed funding
Summary
NeighborWorks Salt Lake said its Murray programs closed 13 down-payment assistance loans and four home-repair grants in program year 2425, with additional loans and grants pending for 2526; staff urged the council to consider allocating further RDA funding to meet demand.
NeighborWorks Salt Lake staff updated Murray City leaders Oct. 21 on two locally funded programs — a down-payment assistance (DPA) loan program and a home-repair grant program — and described current and projected activity for program years 2024–25 and 2025–26.
Katie Hanson, NeighborWorks Salt Lake’s director of homeownership services, said the DPA program provides five-year forgivable loans of up to $30,000 (for households up to 120% area median income) that forgive 20% per year as the homeowner remains in the property. The home-repair grant program offers direct grants up to $25,000, prioritizing health- and safety-related repairs.
For program year 2024–25, Hanson said NeighborWorks closed nine…
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