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Redevelopment Agency approves $400,000 for NeighborWorks Salt Lake to bolster homebuying and repairs in Murray
Summary
The Redevelopment Agency approved a $400,000 contribution to NeighborWorks Salt Lake for down-payment assistance and home-improvement loans and grants, with a $35,000 administrative cost cap; the funding aims to support roughly 25 loans and grants for Murray households in FY25–26.
The Murray Redevelopment Agency voted unanimously to approve a $400,000 contribution to NeighborWorks Salt Lake to expand down-payment assistance and home-improvement programs for qualifying Murray households.
Elvaughn Ferrell, presenting the proposal to the RDA, said the package splits the $400,000 evenly — $200,000 for down-payment assistance and $200,000 for home-improvement loans and grants — and caps administrative costs at $35,000 to maximize funds reaching recipients. "Our…
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