The Utah Housing Preservation Fund (UHPF) announced the appointment of Scott Anderson, retired Zions Bank President and CEO and current Board Chair, replacing Mark Oligschlaeger, Managing Director at the Cynosure Group. Anderson's extensive background in financial services and deep commitment to Utah communities will strengthen UHPF's ability to preserve and expand affordable housing across the state.
"Scott Anderson's leadership in banking and community development is unmatched in Utah," said Lukas Ridd, Fund Manager of UHPF. "We are honored to welcome him to our Investment Committee. His insights and experience will be invaluable as we scale our efforts to address household stability, upward mobility and tackle Utah's growing housing crisis."
With over $170 million in total equity raised and more than 1,000 affordable housing units preserved, UHPF has become one of the most innovative housing preservation efforts in the country. Anderson's appointment comes at a pivotal moment as UHPF moves to close its initial $250 million fundraising goal and preserve more than 5,000 units. This marks the final opportunity to participate in the foundational phase before the fund transitions fully into operations and acquisitions.
The Fund focuses on protecting naturally occurring affordable housing (NOAH), expiring tax-credit supported housing, preventing displacement, and investing in the upward mobility of Utah's working families.
Anderson's connection to UHPF runs deep—he was instrumental in founding the Fund and has remained a key advocate since inception. His leadership experience includes serving as President of the American Bankers Association, bringing national-level expertise to the organization.
His continued involvement will be particularly valuable as UHPF expands its Community Reinvestment Act (CRA) syndication platform, which has attracted millions of dollars in CRA commitments to date, including Zions Bank's largest CRA investment in their history at $25 million. Anderson's extensive network and regulatory knowledge will be instrumental in attracting additional institutional capital.
With his proven track record in financial leadership, Anderson is uniquely positioned to help guide UHPF's next phase of growth as housing affordability challenges intensify across Utah.
About Utah Housing Preservation Fund
UHPF focuses on acquiring and preserving naturally occurring affordable housing to prevent displacement and maintain community stability through strategic partnerships and innovative financing.
UHPF Investment Committee Members
To learn more about the Utah Housing Preservation Fund, visit uhpf.org.