Hope Lodge

NMTC financing supported a no-fee lodging facility serving patients receiving cancer treatment services in Salt Lake City.

Investment

  • NMTC Amount: $9,750,000
  • Total Project Cost: $17,237,990

IMPACT

  • 6 FTE jobs
  • 253 construction jobs

Investor

Project Description

CDFA provided NMTC financing for Hope Lodge, a no-fee lodging facility serving patients receiving cancer treatment services in Salt Lake City. The 66,476 sq. ft. facility includes 42 residential suites to serve over 800 patients annually. Overnight accommodations are available to anyone living more than 50 miles from SLC. Hope Lodge also offers a community and cancer resource center, healing garden, common kitchen, laundry, computer center, and offices for all local American Cancer Society and volunteer efforts.

Each year, 16,000 individuals are treated in Utah and 4,500 people travel to Salt Lake City for treatment. The journey facing someone diagnosed with cancer can be a long and costly one which significantly impacts patients and families physically, financially, and emotionally. Hope Lodge is addressing the unequal burden that cancer patients experience within low income and medically underserved populations.

MAP

Address: 375 East 100 South, Salt Lake City, UT 84111

Census Tract: 49035102100

Other Utah Projects

Working capital for recursion Pharmaceuticals, which provides data driven drug discovery aiming to repurpose existing drugs to cure rare genetic diseases.
The historic rehabilitation of the Western Macaroni Manufacturing Company warehouse originally built in 1900.
NMTC financing for the expansion of La Posada Pintada, a family-owned inn in Bluff, where traditional sources of financing have been hard to obtain for small-business owners in the rural

The University of Utah Research Park is located on the campus of the University of Utah. Established in 1968, Research Park was intended to stimulate economic development within the State