Olene Walker Housing Loan Fund
Overview
The Olene Walker Housing Loan Fund (OWHLF) is a financing tool for affordable housing, leveraging both federal and state resources to fill critical funding gaps. The fund supports the development of housing that is affordable to very low-income, low-income, and moderate-income individuals and families, as defined annually by the U.S. Department of Housing and Urban Development (HUD).
Funding and policy decisions for the program are made by the OWHLF Board, which has governance and oversight over all program grants and loans. In addition to financing affordable housing, the OWHLF serves as the state's account for administering direct legislative appropriations dedicated to targeted housing initiatives.
Programs
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.
- OWHLF Multifamily Application
- Program Guidance and Rules
- Buy America, Build America Act and the Buy America Preference Policy
- Documentation needed prior to contract execution
- Documentation required prior to loan closing
- Required documentation for closeout and final draw
- Single-Family homeownership Application
Additional application documentation is required but is not yet available; please contact Daniel Herbert-Voss at 385-522-0645 or email him at [email protected] to obtain this information.
HomeChoice
The Home Choice program is designed to provide financial assistance for low-income persons who qualify as disabled.
This program is administered through Neighborhood Nonprofit Housing Corporation.
Call with questions: 435-753-1112
Equal Opportunity Employer/Program
Auxiliary aids and services are available upon request to individuals with disabilities by calling 801-526-9240. Individuals with speech or hearing impairments may call the Relay Utah by dialing 711. Spanish Relay Utah: 1-888-346-3162