Ivory Foundation Opens Affordable Housing Community in Lehi, Addressing Rising Home Prices
The Ivory Foundation has inaugurated a new affordable housing community named Innovation Park in Lehi, Utah. The development consists of 239 townhomes offered at the median income level, aiming to provide affordable housing amidst rising home prices. The project, costing over $72 million, is part of a broader initiative to increase housing supply in response to high demand. At the ribbon-cutting ceremony, Governor Spencer Cox highlighted the importance of building more housing to meet demand and stabilize prices. Additionally, the foundation launched the Rippy Literacy Center, offering free reading and math classes for K-4 students. The initiative is part of a larger plan by Ivory Innovations, which includes seven more sites with similar affordable housing projects in Utah.