You’d have to live on the dark side of the moon if you haven’t heard of Ivory Homes. The developer has been building homes in this state for 30+ consecutive years, with 20,000+ homes built and sold, 70+ communities established, 100+ different home designs and 45+ model homes to choose from. The CEO, Clark Ivory has been obsessed with trying to figure out how to get affordable housing into the mix of options for Utah’s homebuyers. He’s certainly not alone because politicians, bankers, business leaders, developers big and small statewide are trying to figure out this damnable housing problem.
As we know, this state is undergoing unpreceded growth with more people moving here than leaving, and all needing a place to live that they can afford. Sadly, Ivory and his minions have come head to head with local communities in trying to increase density where traditional zoning laws make it nearly impossible to building nothing more than single family homes on large lots. We aren’t building any more land, and the future is grim for homebuyers if we don’t start revamping how many dwellings can go on one lot. Ivory is attempting to bring more housing options into our future, with plans for homes with ADU’s (accessory dwelling units), and homes on smaller lots in some subdivisions where allowed.
Ivory Homes is offering “Workforce Housing” for owner occupied homes (not rentals) to first time homebuyers, first responders, teachers, veterans and military, nurses, construction workers, police officers and public employees. Rules to qualify for Ivory’s special affordable housing are simple: use their preferred lender and you can’t use your own REALTOR because they don’t offer any commission to your agent. You of course can pay for your own representation.
The Salt Lake Board of REALTORS is currently offering a limited number of $5000 grants to single parents who are first time homebuyers and the deadline for applications is April 23rd. Applicants can contact firstname.lastname@example.org for more information. Other assistance can be found through the Utah Housing Corp. which offers mortgage loans around the state to qualified first time homebuyers