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SALT LAKE CITY — Switchpoint, a nonprofit organization that combats homelessness and poverty, announced $3.8 million in new funding Thursday.
The funds came from the Olene Walker Housing Loan Fund ($1.8 million), the Larry H. and Gail Miller Family Foundation ($1 million) and The Church of Jesus Christ of Latter-day Saints ($1 million).
"This funding not only enables us to enhance the infrastructure of our project but also to expand the range of services we can offer to our residents, fostering a community where everyone has the opportunity to thrive," Carol Hollowell, CEO of Switchpoint, said in a statement, calling the donations "a significant milestone in our mission to provide deeply affordable and supportive housing to those who need it most."
The donations will be put toward Phase 2 of the nonprofit's Fairpark housing project at 130 N. 2100 West in Salt Lake City. The housing facility already has 91 studio units, fully occupied by seniors and veterans experiencing homelessness. Residents typically pay 40% of the area median income in monthly rent.
The second phase will upgrade electrical service and the fire sprinkler system, and it will add a two-story building with a community room, library, case management offices and three new studio apartment units. Switchpoint anticipates this phase will be completed by spring 2025.
"The Miller Family Foundation and The Church of Jesus Christ of Latter-day Saints have consistently demonstrated their commitment to helping people experiencing homelessness and poverty and have supported the Switchpoint vision and mission," the nonprofit said.
Switchpoint runs businesses, including thrift stores, child care facilities, an aeroponic garden and a coffee company, to provide independent funding for its projects. Only some of its costs are covered by donations.
Switchpoint says it has developed "five affordable housing projects since 2020, adding 266 units to Utah's deeply affordable housing inventory."
