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Affordable Housing in Park City (Park City Heights)

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Park City Heights | Affordable Housing

This spring we announced a new development taking shape at Quinn’s Junction (Kearns Blvd at UT-40 – PC Hospital, Ice Rink, National Abilities Center area and behind the new movie studio) and we thought we would give you an update.

The project is called Park City Heights and will be developed by Ivory Homes. It will be a mix of market priced homes as well as about 1/3 being “affordable housing” as both single family and townhomes. The price range of the affordable homes is anticipated to be $250,000 to $400,000 while the market rate homes will be approximately $600,000.  The goal of the affordable housing component is to create more homes which locals can afford.

Here are more details:

  • 211 single family units of which 79 will be affordable units. Another 28 affordable townhomes will be built.
  • The first 100 market priced homes are for sale now. The first completion of homes is anticipated to occur in March or April of 2016.
  • It is anticipated that there will be 10 affordable homes built the first year. And another 10-20 annually over the next several years.
  • Organizational plans are still forming for the process in which applications are taken for the affordable units but should be set soon.
  • Park City Medical Center (Intermountain Health employees of the hospital) will get first preference on the affordable units.

Here are the qualifications for the affordable units:

  • Must work full time (30 hours) within the Park City School District boundaries
  • Plan to make the home your primary residence
  • Own no other home or property after the purchase
  • Have no plans to rent it.

PC Heights Ivory Homes

 

 

 

 

 

People who have worked in Park City longest will have preference and Ivory will turn away no one based on income.

The project will have its own community hiking trails as well as being close to existing hiking and biking trails, a 5.7 acre community park, and all homes will be LEED Silver certified. A community clubhouse is planned for residence to gather and enjoy near the community pool, hot tub and

The total time frame for the project to be complete is about 8 years.

 

 

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