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CRA approves $8.1M HDLP allocations, funds four projects to add nearly 600 affordable units
Summary
The CRA board approved finance-committee recommendations to allocate approximately $8.1 million from the HDLP and related funds to four projects that together are expected to produce about 595 affordable housing units; board members pressed staff on scoring transparency, geographic distribution, and tracking post-award compliance.
Salt Lake City’s Community Reinvestment Agency voted March 10 to approve the Housing Development Loan Program (HDLP) competitive allocations recommended by the CRA finance committee, directing roughly $8.1 million in FY25–26 funds toward four projects that staff said would deliver about 595 affordable units.
Allison Roland (CRA staff) told the board the program combined three funding pools — the primary HDLP fund, deeply affordable funds and a small high-opportunity allocation — totaling about $8.1…
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