Salt Lake City, Utah — The Utah Housing Preservation Fund (UHPF) is proud to announce that Square Financial Services, Inc. has expanded its investment commitment in the Fund to $5 million, strengthening a shared mission to preserve affordable housing across Utah.
This increased commitment from SFS is in support of UHPF’s impact-driven model, which leverages private and public capital to protect Utah’s naturally affordable housing and ensure long-term stability for working families, seniors, and individuals across the state.
“This $5 million commitment from SFS helps the Fund expand its impact at a time when preserving affordable housing has never been more important,” said Lukas Ridd, Fund Manager. “It’s an investment in people, in neighborhoods, and in the long-term health of our state.”
Since its inception, UHPF has raised more than $170 Million in capital from banks, corporations, impact investors and state partnership to acquire and preserve over 1,000 affordable units throughout Utah. SFS’s expanded investment will help accelerate the Fund’s efforts to reach its goal of preserving 2,500 units in the coming years.
About the Utah Housing Preservation Fund:
The Utah Housing Preservation Fund is a statewide initiative dedicated to acquiring and preserving Utah’s naturally occurring affordable housing. By leveraging public and private capital, the Fund protects housing for low- and moderate-income residents—ensuring that affordability, stability, and dignity remain cornerstones of Utah’s housing landscape.