Utah Center for Affordable Housing
UTAH CENTER FOR AFFORDABLE HOUSING ACQUIRES DISCOUNTED PROPERTIES FROM FINANCIAL INSTITUTIONS AND SELLS THEM TO AFFORDABLE HOUSING NON-PROFIT ORGANIZATIONS WHO SERVE LOWER INCOME POPULATIONS. THIS PROCESS SHOULD SERVE TO DECREASE THE NUMBER OF FORECLOSED PROPERTIES ON THE MARKET, STABILIZE NEIGHBORHOODS, AND PROVIDE AFFORDABLE HOUSING UNITS TO LOWER INCOME FAMILIES.
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Organizations that clear slums and renew or rehabilitate old housing and other structures including abandoned buildings in blighted and depressed residential neighborhoods in order to provide a safe, sanitary and pleasant place for people to live.
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