The commission approved a grant contract agreement between the Housing Authority of Southeastern Utah and Grand County for funds from a grant from the Utah Governor’s Office of Economic Opportunity for $300,000. The amount was the highest awarded in that round of awards of the Rural County, Part B grant. The money will help pay for HASU to develop a 32-unit affordable apartment complex called Skyline Arch at Arroyo Crossing, a new affordable subdivision owned by the nonprofit Moab Area Community Land Trust.
Construction of several single-family homes in Arroyo Crossing began in the fall of 2021. The subdivision is slated to eventually host about 300 homes, a mix of single-family houses, duplexes, townhomes, cottages and apartments. The land trust owns the land in perpetuity, and sells the houses at affordable prices to people who qualify based on income. The homes are deed-restricted to people in those income brackets, and there is an annual equity cap on the sale of the home to protect the prices from spikes in the market.
Skyline Arch apartments will help address an ongoing need for affordable rental units for local workers. HASU has committed to a 20% match on the GOEO grant, which amounts to $60,000, and hopes to open the building to residents in April of 2024. The grant funds will be used for predevelopment, including a topography survey, geotechnical testing, tax credit application fees, and a land deposit.