Ivory Homes

Ivory Homes is an American housing construction company, active mainly in Utah.[2] In 2017 it was in 60th place on a list of such companies by size in the United States.[3]

Ivory Homes LLC
TypePartnership
IndustryHome Building
FoundedSalt Lake, Utah (1964 (1964))
FounderEllis Reed Ivory
Headquarters
Salt Lake City, UT
,
United States
Key people
Clark Ivory
(CEO)
Ellis Reed Ivory
(Founder)
RevenueIncrease US$490  million (2018)
Number of employees
240 (As of December 2018)[1]
Websitewww.ivoryhomes.com

History

As Utah started to face the economic issue of limited housing affordability and a significant housing gap,[4] in 2017 the firm initiated a program, Ivory Innovations, offering competitions and prizes for innovative ideas on making housing more affordable.[5]

Controversy

In December 2013, the Applewood Park mobile home complex announced rent increases for their property totaling 44 percent over a six-month period. Applewood Park was purchased in 2011 by a company affiliated with Ivory Homes, ICO Multifamily Holdings. Residents, suspect the rent increases are designed to force them to abandon their homes and allow ICO to replace the neighborhood with a 186-unit apartment complex.[6]

In 2018, Ivory Homes partnered with Woodbury Corporation in proposing a project for the vacant former Cottonwood Mall Site. This proposal was a mixed-use project with high-rise apartments, single-family homes, and, commercial use [7] It was approved by the Holladay City Council,[8] but later challenged by a group of local residents because of its high density.[9] The proposal was placed on the residential mid-term election ballot; the residents voted against the project and the Supreme Court ultimately ruled in opposition to the proposal.[10]

References
  1. "Ivory Homes". Data.com. Retrieved 2011-10-19.
  2. "No Upturn in sight, Utah home builders get inventive". Salt Lake Tribune. Retrieved 2011-10-19.
  3. "2017 Builder 100". builderonline.com. Retrieved November 29, 2018.
  4. "What Rapidly Rising Prices Mean for Housing Affordability" (PDF). Kem C. Gardner Policy Institute. Retrieved 29 November 2018.
  5. "Ivory Homes Spearheading $200,000 contest". BuilderOnline. Retrieved December 1, 2018.
  6. "Seniors: Ivory Homes affiliate is squeezing us out". Salt Lake Tribune. Retrieved 2012-01-14.
  7. "Holladay Quarter Project". Holladay Quarter. Retrieved 29 November 2018.
  8. "Revised Plan Unanimous Approval". Holladay City Journal. Retrieved 29 November 2018.
  9. "Holladay Residents Hope to Block Cottonwood Mall development". Deseret News. Retrieved November 29, 2018.
  10. "Utah Supreme Court: Residents' vote to block development at old Cottonwood Mall stands". Deseret News. Retrieved November 29, 2018.
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