This morning, Ivory Homes, in collaboration with Ivory Innovations and Call to Action, made a significant announcement regarding introducing seven groundbreaking housing projects to address the pressing issue of housing affordability in Utah. 

The featured initiatives encompass:

1. Innovation Park at Holbrook Farms: A community in Lehi containing 240 affordable townhome units strategically located near the new hospital, thereby offering housing solutions to the community.
2. South Jordan Senior: This project will consist of 138 affordable apartments accompanied by a spacious 17,000-square-foot senior center catering to the needs of the elderly population.
3. Innovation Park at Vista Station: Introducing 200 modular housing units; this project will introduce innovative offsite construction methods, enhancing efficiency and affordability.
4. Innovation Park at Mahogany Ridge: With 300 townhomes, this development will provide affordable housing options for both renters and homeowners.
5. Innovation Park at Liberty Wells: Located in the heart of Salt Lake City, this project will feature 30 apartments and 36 townhomes, offering affordable housing opportunities.
6. Innovation Park at Francis Commons: This initiative encompasses 12 apartments and 16 affordable townhomes in Francis, further expanding affordable housing options.
7. Innovation Park at Park City Heights: This project will introduce 15 affordable townhomes, contributing to the region's housing affordability efforts.

These initiatives are geared towards making housing more accessible and affordable, targeting both renters and homeowners. The approach involves cost-saving measures in utilities, efficient construction techniques, and incorporating water-wise landscaping. The Salt Lake Tribune stated, "About a quarter of homes at Liberty Wells and the other six sites will be rented at market rates, while 35% will be set aside for those making 80% of area median incomes prevalent in the county where they live, and 40% will be for those earning 60% of AMI. (For comparison, an individual in Salt Lake City making 80% of AMI has a yearly income of about $59,400.)"

Utah Governor Cox underscored the situation's urgency: "When 77% of our state's residents can't afford current housing prices, we recognize that a significant issue must be addressed." Utah stands at the forefront of housing innovation, ushering in transformative changes in the homebuilding industry to provide high-quality, affordable homes for families in Utah and beyond its borders.

"Our two foundations are committed not only to these seven projects but to putting all of our horsepower and our money behind building affordable housing...We are very excited about these projects, and we're promising many more to come. We're incredibly enthusiastic about our partnership and could not have better partners with great commitment and great ability to perform."

-Clark Ivory