Mountainlands Community Housing Trust celebrates opening of affordable apartment complex

The Mineros affordable housing project in Silver Creek is opened with an official ribbon cutting ceremony on June 28, 2024. Photo: Randi Sidman-Moore

The Mineros apartments in Silver Creek Village consists of 24 affordable apartments

PARK CITY, Utah – Mountainlands Community Housing Trust (MCHT) held a ribbon cutting ceremony to officially open a new affordable apartment project in the Silver Creek Village on Friday, June 28.

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

Built to address the growing need for affordable housing in Park City, the apartments will be permanently restricted to income-eligible applicants earning 25-50% of the area median income for Summit County, or roughly $55,000 annually for a two-person household.

The building is already fully leased and occupied.

All of the units were leased and most families moved in the day after the building received its certificate of occupancy from the county.

“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,” According to Jason Glidden, executive director of MCHT said.

The project was made possible by a land donation from the Village Development Group, investment from Raymond James Investment Banking Company, Low Income Housing Tax Credits awarded by Utah Housing Corporation, and lending from Glacier Bank and the Olene Walker Housing Loan Fund. The building was designed by Park City’s Elliot Workgroup, with Pentalon as the general contractor. Additionally, Summit County waived fees for building permits and other considerations.