Located across the street from a TRAX stop and less than a block from the Gateway, Artspace Bridge Projects has 62 modern two and three bedroom apartments affordable for households between 35-55% of area median income. The building includes retail spaces and offices for nonprofit organizations and small businesses.
|2 Bedroom (2/1)||-||Call for Price|
|3 Bedroom (3/1)||-||Call for Price|
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Salt Lake City but actual income limits may differ for units at Bridge Projects.
|AMI Band||1 Person||2 Person||3 Person||4 Person||5 Person||6 Person||7 Person||8 Person|
|Very Low Income (50%)||$30,800||$35,200||$39,600||$43,950||$47,500||$51,000||$54,500||$58,050|
|Low Income (60%)||$36,960||$42,240||$47,520||$52,740||$57,000||$61,200||$65,400||$69,660|