BOULDER PINES APARTMENTS
WEST VALLEY CITY, UT
Boulder Pines Apartments represents the acquisition and rehabilitation of an existing affordable residential community built in 1973, which contains 160 garden-style and townhome homes in 40 one- and two-story buildings housing families. There is also a single story accessory building that houses the leasing office, laundry room, maintenance shop and pool rest/changing rooms. Of the 160 homes, there is one three-bedroom apartment with the other 159 consisting of two-bedroom apartments plus an attached garage.
The site is approximately 12.8 acres in an established, primarily residential neighborhood on the east side of West Valley City, eleven miles from downtown Salt Lake City. Although predominantly residential, a hub of significant retail and commercial sites is located immediately west of the development. Community resources within half a mile include grocery stores, convenience stores, discount department stores, banks, gas stations, pharmacies, restaurants, churches, and a public bus stop.
Common area amenities include on-site management, a clubhouse, courtesy patrols, a swimming pool, green space, a laundry room, a basketball court and a playground. The property was developed by The Reliant Group with financing facilitated by R4 Capital using the 4 percent Low-Income Housing Tax Credit (Housing Credit).