Trying to Build
Housing in a
Small Town
Epicenter’s Canal Commons affordable
housing project in Green River
Green River has:
Epicenter partnered with the City to create the Housing Element of the City’s General Plan, supplemented with data we collected.
The Fix It First program provided low interest microloans and labor to mitigate dilapidated homes.
Epicenter held an open house with a variety of non-intimidating ways for residents give input on home design.
Phase 1 (5 Rental Units)
Phase 2 (5 For-Sale Units)
Phase 3
(The Commons)
Pearl Baker Park
Phase 1
Phase 1 (5 Rental Units)
Phase 1
Total Project Budget: $1,941,440
Hard Costs: $1,267,409
Soft Costs: $674,031
Lender/Grantor | Amount | Type of Funding |
Olene Walker Housing Loan Fund (OWHLF) | $1,173,705 | Deferred loan with 1.5% interest and 40 year term |
Rural Community Assistance Corporation (RCAC) | $300,000 (pays for construction loan minus interest) | Capital Magnet Funds loan with 0% interest and 60 year term |
Emery County (CRA Board Solar $) | $142,735 | Grant |
Federal Home Loan Bank-Des Moines | $150,000 | Grant |
Ivory Foundation | $10,000 | Grant |
Rocky Mountain Community Reinvestment Corporation (RMCRC) | $2,500 | Donation |
Epicenter partnered with the John Wesley Powell River History Museum for the first in a series of “community conversations” about housing and how Green River might develop
Find out more at https://canalcommons.ruralandproud.org/
Thanks to all who have supported Canal Commons and Pearl Baker Park!