New Markets Tax Credit Coalition

  • Moab,
  • UT
  • (2019)

Arroyo Crossing

District: Mike Kennedy (R-UT03)

The construction of subdivision infrastructure (streets, sidewalks, curbs, sewer and water lines, gas and electrical and storm water drainage) to support the development of up to 300 affordable housing units.

Investment

  • NMTC Amount: $4,400,000
  • Total Project Cost: $4,400,000

IMPACT

  • 1 FTE jobs
  • 32 construction jobs
  • Supports up to 300 low or moderate income households, or approximately 715 individuals

CDEs

Investor

Voices from the Community

NMTC is the difference maker between a viable and non-viable project. In Moab, NMTCs have most recently enabled the largest affordable housing development in history (300 units). The development could not have occurred without the NMTCs awarded to it.

-Zacharia Levine, Grand County Community and Economic Development, Moab, Utah

Project Description

Moab Area Community Land Trust is sponsoring the construction of subdivision infrastructure (streets, sidewalks, curbs, sewer and water lines, gas and electrical and storm water drainage) to support the development of up to 300 affordable housing units. Once infrastructure was completed, the lots were leased to developers to construct homes in a variety of densities and sizes for sale or lease to qualified households.

External Profile

MAP

Address: 2022 S Spanish Valley Drive, Moab, UT 84532

Census Tract: 49019000300

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