Olene Walker Housing Loan Fund Programs

Making Homes Affordable

http://makinghomeaffordable.gov/

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 documentation for closeout and final draw

Additional application documentation is required, but is not yet available; please contact Daniel Herbert-Voss, to obtain this information, at 801-538-8751 or email him at dhvoss@utah.gov.

Single-Family Programs

The Single-family programs offers financial assistance to low-income residents or families with homes in need of rehabilitation, replacement, or weatherization of an existing owner-occupied home. The program targets rural communities.

• 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.

Rural Self-Help Program

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

• 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

Individual Development Accounts

The OWHLF supports savers participating in Individual Development Accounts with AAA Fair Credit. Savers receive federal and state matching funds for use in down payments and closing costs.

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)