In a decisive move to address the growing housing needs of Utah’s aging population, the Utah Housing Preservation Fund has finalized the acquisition of Riley Court, a 69-unit senior housing community in Bountiful. This strategic investment will preserve affordability for seniors on fixed incomes, protect against displacement, and ensure that these units remain affordable for decades to come.
Riley Court is a naturally occurring affordable housing (NOAH) asset—well-located, well-maintained, and at risk of being lost to market-rate conversion. UHPF’s intervention exemplifies a critical shift in housing strategy: preservation is often faster, more cost-effective, and more community-aligned than new construction. In this case, 69 units are being preserved without displacing a single resident or requiring new infrastructure.
“Too often, we focus only on building new when the real opportunity lies in protecting what we already have,” said Lukas Ridd, Director of the Utah Housing Preservation Fund. “For seniors on fixed incomes, stability is everything. Preserving Riley Court means they don’t have to worry about rising rents or being priced out of their community. It’s a strategic investment in dignity, continuity, and long-term affordability.”
The acquisition aligns with broader demographic and economic trends:
By maintaining affordability without compromising quality or location, Riley Court provides a proven model for scalable, sustainable housing solutions across Utah.