FINANCIAL_SERVICESONGOING

Bluffdale City Council Agenda Packet 2026-05-27

Bluffdale and Salt Lake County Launch ADU Loan Program

Up to $150,000 per loan, total program fund approx. $2.5 millionCity of Bluffdale citySALT LAKE COUNTY HOUSING TRUST FUNDMay 27, 2026

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Description

Bluffdale City, in partnership with the Salt Lake County Housing Trust Fund, is operating a revolving ADU Loan Program to support homeowners in developing affordable accessory dwelling units. The program funds up to $150,000 per loan, offering favorable rates and potential forgiveness to increase moderate-income housing options in the city. Bluffdale and the County are jointly conducting outreach and loan administration.

Contract Details

Contract Amount

Up to $150,000 per loan, total program fund approx. $2.5 million

Vendor

SALT LAKE COUNTY HOUSING TRUST FUND

Agency

City of Bluffdale city, UT

Contract Type

FINANCIAL_SERVICES

Document Date

May 27, 2026

Contract Term

15 years per loan; interlocal agreement through 2028

Renewal Date

2028-12-31

Renewal Info

The program is funded through 2028 per the interlocal agreement, with possible extension or modification. Loans are 15 years per owner, with loan forgiveness and possible program expansion if successful.

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