255 State Street

225 South State Street, Salt Lake City, UT 84111

Waiting List Forecast: Likely Short or None

check_circleVerified for 2022 by Colleen Carter, Ric Gresia

Rent	Beds	Baths	SqFt
Call for Rents^†	Studio - 4 Beds	1 Bath	-

Call (801) 500-0469 Email

Waitlist Forecast

Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.

Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.

The 255 State Apartments, located in the urban core of downtown Salt Lake City, is essential housing that incorporates affordable housing, conventional housing, and commercial spaces that create a vibrant live-work-play community. An eight-story tower and a twelve-story tower will sit on either side of a paseo that will host events, dining, and concerts. The paseo will be a social gathering place with a hall concept and community amenity space for residents and neighbors alike. The historic Cramer House, which will be restored and reopened as a unique culinary experience, sits directly on the public open-space component, and will actively engage the public realm with an outdoor-dining component. Their Studio, 1, 2, 3, and 4-bedroom apartment homes will provide a picturesque view of the downtown skyline in a convenient location. As a reinvented project, it promises to be a downtown Salt Lake City focal point enjoyed by both 255 State residents as well as the entire community.

Dave's Thoughts On 255 State Street

This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests 255 State Street does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.

~ Dave Layfield, Founder of Affordable Housing Online

Units at 255 State Street

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price^†
1 Bedroom (1/1)	-	Call for Price^†
2 Bedroom (2/1)	-	Call for Price^†
3 Bedroom (3/1)	-	Call for Price^†
4 Bedroom (4/1)	-	Call for Price^†

Income Qualification for 255 State Street

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

AMI*	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
50% AMI for LIHTC Units	$37,100 / year	$42,400 / year	$47,700 / year	$53,000 / year	$57,250 / year	$61,500 / year	$65,750 / year	$70,000 / year
50% AMI for PBRA Units	$37,100 / year	$42,400 / year	$47,700 / year	$53,000 / year	$57,250 / year	$61,500 / year	$65,750 / year	$70,000 / year
60% AMI for LIHTC Units	$44,520 / year	$50,880 / year	$57,240 / year	$63,600 / year	$68,700 / year	$73,800 / year	$78,900 / year	$84,000 / year

*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.

FAQs for 255 State Street

Does 255 State Street have a waiting list?

255 State Street probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.

Are rents subsidized at 255 State Street?

We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.

What property management company manges 255 State Street?

255 State Street is managed by EMG Management headquartered in Murray, UT.

In addition to 255 State Street, how many other affordable housing properties (and units) are there in Salt Lake City?

In addition to 255 State Street, we list 208 other affordable properties in Salt Lake City. Learn about these properties here. Our data research shows that there are a total of 8506 affordable units in Salt Lake City.