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CRA announces $10M commercial loan window, housing dashboard milestone and developer summit
Summary
Staff said a commercial development loan application window opened April 15 with up to $10 million available for commercial and mixed-use projects in CRA project areas; the board was also told the housing dashboard now shows more than 1,000 city-supported family-sized units and 1,000 deeply affordable units; staff announced a developer summit May 19 on electrifying commercial kitchens.
Danny, speaking for CRA staff, announced that the commercial development loan program application window opened April 15 and will run through May 15; the board has funded up to $10,000,000 for commercial and mixed-use construction projects within project areas, with awards to be distributed by project-area eligibility and competitive review.
Danny also said the affordable housing construction and preservation dashboard has been updated through March 2026 and now reflects two milestones: the city has surpassed 1,000 city-supported family-sized units and 1,000 deeply affordable units. Staff also noted a developer summit on May 19 at Westminster University, co-hosted with Utah Clean Energy and featuring demonstrations on electrifying commercial kitchens.
