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About the RDA
RDA Governance
Agendas, Meetings, & Minutes
Project Areas
Projects
Available Commercial Space
Programs
Requests for Proposals
Finances
Maps
Contact Us
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Stan Penfold, Chair
Lisa Ramsey Adams, Vice Chair

D.J. Baxter, Executive Director Redevelopment Agency

Office Address
City & County Building
451 South State, Room 418
Salt Lake City, Utah  84111
Mailing Address
PO Box 145518
Salt Lake City UT 84114-5518
Phone Number
801.535.7240
Fax
801.535.7245
Email the RDA
Hours of Operation
8:00 a.m. to 5:00 p.m.
Monday - Friday

 

Programs

In order to to assist property owners in project areas to renovate, rehabilitate or construct new buildings, the Agency offers several programs.   The Agency also offers loan programs for building public infrastructure as well as high performance building incentives.  To determine if your property is eligible for RDA funding, see our project area maps for detailed RDA project area boundaries.

If you would like to review some of the successful projects involving the Agency's loan programs, please see our RDA Projects page.

New Construction Loans (PDF)

The Redevelopment Agency will act as a lender-of-last-resort, providing low interest loans for a portion or all of the development costs not covered by private financing. Developers can use the funds to finance the construction of new residential, mixed-use or commercial buildings. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

Building Renovation Loans (PDF)

Building owners can receive low-interest loans to restore the fa├žade of the building to its original appearance, to rehabilitate or convert upper floors of a commercial building to a residential use, to meet ADA Accessibility Requirements, to convert warehouse or commercial buildings to housing units, to upgrade structural components for earthquake stresses, and to bring major systems of the building into compliance with current codes.  The Redevelopment Agency will lend up to 50% of associated costs. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

High Performance Building Renovation Loans (PDF)

Property owners or developers can receive financing at 0% interest for renovating buildings that achieve a LEED certification level or an ENERGY STAR rating, depending on the building type. The Redevelopment Agency will lend up to 50% of associated hard costs of the improvements. Additional uses include restoring the building facade, upgrading major building systems, meeting ADA Accessibility Requirements, and converting the top floors of a commercial building to housing. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

High Performance Building Construction Loans  (PDF)

The Redevelopment Agency provides grants to developers who construct new buildings to a Silver, Gold, or Platinum LEED-certified level. The Redevelopment Agency will also act as a lender-of-last-resort, providing low interest loans for a portion or all of the development costs not covered by private financing. Developers can use the funds to finance the construction of new residential, mixed-use or commercial buildings. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

Environmental Assessment & Remediation Loans (PDF)

The Redevelopment Agency provides loans at 3% interest for the assessment and remediation of environmentally contaminated properties. The funds will match 50% of costs for site assessment work and remediation activities. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

Residential Property Acquisition Loans (PDF) (Housing Property Acquisition Loan)  

Short-term loans are available to non-profit and for-profit developers who acquire property for mixed-income housing projects. The Redevelopment Agency will lend up to $500,000 with no matching requirements. The terms are 0% interest for non-profit and 5% interest to for-profit developers. The loan is due in full when the construction financing is in place. All loans are subject to qualifications of the borrower(s) and availability of funds.

 

 

 

 

 

 
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