Practical Dreams: How Spring Valley Made Homeownership Possible

Spring Valley Subdivision – A Showcase of Practical Homes

In 1970, the Spring Valley subdivision at 4650 South and 2200 West became the site of a landmark housing initiative. Developed by Anderson Lumber Company, it was chosen as the location for the first major showcase of homes built under the Federal Housing Administration’s 235 program—a government effort to make home ownership more affordable for moderate-income families.

Twenty-two homes were constructed by builder members of the Home Builders Association of Greater Salt Lake, with Gayle Smith, Milt Fulmer, and Robert Graham leading the project. These “Practical Homes” were priced to qualify for FHA financing, with a maximum price in Salt Lake City set at $16,200. The display homes drew attention from across the community and highlighted how government programs, builders, and developers could work together to meet housing needs.

The Spring Valley project stood as a model of cooperation and affordability, and many of these homes remain part of the neighborhood’s fabric today—still providing shelter, stability, and a piece of local history