Land Development

Land is often one of the most costly expenses when building a home. The CDC evaluates land for it's development potential with respect to zoning, environmental concerns, neighborhood character, and water and utility considerations.

Land banking, lots spits, and purchase of undeveloped lots are important tools for minimizing the cost of homes the CDC builds. :

• Land Banking - When CDC finds developable land at a below market price or in an area with a critical need for affordable housing it can be purchased and "banked" for future development when other resources are available.
• Lot Split - An older home with an unusually large lot and frontage on two streets allowed for creation of a new lot that could accommodate a new home. The Kunga Family Affordability Project home was built on a lot split.
• Undeveloped lots - The Affordability Project homes in Magna built in 2002 are on lots the CDC was able to land bank through the purchase of an existing older house. This existing home was available for sale and was located on a parcel containing three separately platted lots. The CDC bought the home, rehabilitated it, and sold it with only the land it was on, leaving two remaining lots to be developed for Affordability Project homes. In this way the purchase of a single home provided land for three homes and divided the cost by three.

Donate Land - The Community Development Corporation of Utah is a charitable non-profit organization - your donation may be tax deductible. Land is often one of the most expensive components for a new home. Donating land, or selling land at below market price can help us keep costs down. Contact Darin Brush at (801) 994-7222 or darin@CDCutah.org.