January 20, 2011 -- Florentine Villas is located on 8.58 acres at 7500 S. 800 W. in Midvale. The workforce housing community includes 53 one-bedroom, 108 two-bedroom and 53 three-bedroom apartments. Amenities include a swimming pool, clubhouse and playground, and nearly two acres of dedicated open-space located adjacent to the property. In addition, a Utah Transit Authority Trax station is located within walking distance of the apartment community.
City Mayor Joan Seghini said that Florentine Villas is providing much needed and affordable housing for a workforce that includes beginning fire fighters, police and teachers. She added, “What the Housing Corporation and the Wasatch organization have done is create an environment where our newest workers and their families can afford to live, to live well, to live safely and it’s the first one like it in the state. I am so proud as mayor of Midvale City to say to any family, we’ve got a place that you can afford to live, and we’d love to have you in Midvale. Can you imagine anything nicer than living in this community? Put together in a year, but put together so well that they’re some of the nicest living environments in any community at any price. What you see here today is in my mind a miracle, not only a miracle of being able to complete a project in a year and have it 60 percent occupied, it’s a miracle that big business and government can come together to talk about people and families first.”
Utah Housing Corporation President/CEO Grant Whitaker noted, “Utah Housing is delighted to team up with Wasatch Advantage group to create a haven of affordable housing at Florentine Villas. The need for affordable housing will not end any more than the need to educate the next generation of children. What I find most inspiring about this project is that it goes beyond the housing it provides. Its construction created 400 jobs for construction workers; it paid wages, brought in taxes, and spurred the economy for a 12-month period, making Utah a better place for all of us to live. Accomplishments like Florentine Villas are why Utah Housing Corporation exists, it’s our mission—it’s our passion.”
Advantage Group President and CEO Kipling S. Sheppard said Florentine Villas was one of the first workforce housing apartment developments in the country to begin construction with an allocation of funds fro the American Recovery and Reinvestment Act of 2009. Wasatch Advantage Group worked with the Utah Housing Corporation in applying for and receiving $1,351,563 in Tax Credit Assistance Program Funds to begin construction on Florentine Villas in 2009.
The American Recovery and Reinvestment Act was signed into law on Feb. 17, 2009 by President Barack Obama. The act provides funding sources for Section 42 low-income housing tax credit projects. The Utah Housing Corporation is the designated state housing credit agency for Utah, and as such, oversees the distribution of the funds.
Florentine Villas is part of a master community developed by Wasatch Advantage Group which, when completed, will include approximately 930 units total. He added, “This could not have been done without the successful partnerships of Wasatch Advantage Group, Wasatch Residential Builders, Wasatch Property Management, Utah Housing Corporation, Wells Fargo, Prudential, Freddie Mac and the city of Midvale. The next phases of construction within the community will include a 250-unit luxury apartment community called San Malo and a 76-unit affordable housing community for senior citizens which is located across the street from Florentine Villas.”
- Architect: BSB Design
- Project completed: September, 2010