Olene Walker Housing Loan Fund Programs

The Olene Walker Housing Loan Fund is not accepting applications for the Multi-Family Program for the July and October 2008, Board Meetings. The next application due date will be October 1, 2008.

Multi-Family Program

The Multi-family program provides financial assistance for the acquisition, construction, or rehabilitation of affordable rental housing of five or more units.

• Non -Tax Credit Application
• Tax Credit Application
• Allocation Plan
• Additional required application documentation
• Documentation needed prior to contract execution
• Documentation required prior to loan closing
• Required documentationfor closeout and final draw

Additional application documentation is required, but is not yet available; please contact Shelli Goble, to obtain this information, at 801-538-8653 or email her at shgoble@utah.gov.

Single-Family Programs

The Single-family programs offers financial assistance to low-income residents or families in need of rehabilitation, replacement, or weatherization of an existing owner-occupied home. Although the program targets rural communities, projects for rural areas can be submitted to the OWHLF Board for consideration using the application.

• Single Family Application (for applications to the Olene Walker Housing Loan Fund Board)
• Guidelines
• Allocation Plan
• Associations of Government / Counties and Contacts provides information for assistance with single family applications located outside of the Wasatch Front. Please contact one of the associations of government listed.

Home Ownership Self-Help Development

The Owner-Occupied Development program, also known as the Self Help Program, provides financial assistance to developments of single-family subdivisions and infill projects designed to provide housing to low-income individuals and families.

• Application

HomeChoice

The Home Choice program is designed to provide financial assistance and mortgage assistance for low-income persons with disabilities.

• Hotline 1-866-493-4500

Down Payment Assistance/American Dream

The American Dream Down Payment Assistance program helps low-income, first time home buyers (as defined by the U.S. Department of Housing and Urban Development) purchase homes by providing down payment or closing-cost assistance in the form of interest-free loans.

• American Dream Down Payment Assistance

Pre-Development Program

The Pre-Development program provides non-recourse loans for project development preceding permanent/construction financing of affordable rental and homeownership projects.

• Pre-Development Application
• Pre-Development Instructions for Application
• Allocation Plan

Housing Opportunities for Persons with AIDS (HOPWA)