Mountainlands Community Housing Trust will hold a ribbon cutting ceremony on a new affordable apartment project in the Silver Creek Village on Friday, June 28, from 11 a.m. to noon. 

The property is to be dedicated as the Mineros apartments, which, according to MCHT, will consist of 24 affordable apartments including eight one-bedroom, eight two-bedroom, five three-bedroom and three four-bedroom units. 

The apartments are permanently restricted to address the growing affordability gap for housing in the area, according to MCHT, and the units will be restricted to income eligible applicants earning 25-50% of the area median income for Summit County with an average of 45% (or roughly $55,000 annually for a two-person household). 

The building is fully leased and occupied as of May 1, MCHT said.

According to Jason Glidden, executive director of MCHT, demand for the units has been high. “All the units were leased, and the majority of families moved in the day after the building received its certificate of occupancy from the county,” Glidden said. “This is indicative of the tremendous need for affordable rentals in the area. While we are proud of this project and happy for all of those who have secured housing at Mineros, it is somewhat bittersweet in that we’re reminded of how much additional need there is.” 

In addition to being affordable, the Mineros apartments include several set-aside units for persons of special needs, including seven ADA accessible units, three for victims of domestic violence and three for temporarily homeless individuals and families. 

The project was made possible by a donation of land by the Village Development Group, the investor Raymond James Investment Banking Company, the award of Low Income Housing Tax Credits by Utah Housing Corporation, as well as lending through Glacier Bank and the Olene Walker Housing Loan Fund. The building was designed by Elliot Workgroup of Park City, and Pentalon served as general contractor. In addition, Summit County waived fees for building permits and other considerations. 

Light refreshments will be served.