A community approach to housing
At Arbor, we believe housing should create stability, opportunity, and a sense of belonging. That’s why we’re bringing something new to our properties.
The Tenant Wealth Initiative (TWI)
Most apartment communities keep 100% of their profits. At Arbor 515, we’re piloting a first-of-its-kind program that shares a portion of the building’s earnings with residents through a nonprofit partner. Here's how it works...
You sign a lease
- Affordable housing applicants will sign their lease just like they would at any other property.
You enroll in TWI
Upon signing their lease, you have the option to enroll in the Tenant Wealth Initiative.
You start benefitting
Once enrolled, you may receive financial benefits as the program grows. There are no extra costs or hidden requirements. TWI is voluntary and designed to help renters build financial resilience without changing their lease terms.
You maintain eligibility
To receive benefits, tenants must stay current on rent and follow lease terms. Eviction or abandonment ends program participation.
TWI builds opportunities for renters
Housing costs are rising, and the path to homeownership is out of reach for many families. TWI explores a new model, one where renters can benefit directly from the success of the communities they help create.
.jpg)
How the Tenant Wealth Initiative works
Watch a short introduction to the Tenant Wealth Initiative and how it’s changing the conversation about housing in Utah.
The core benefits of TWI
Annual rent
rebates
After one year in good standing, tenants may receive a rent rebate based on the building’s financial performance. Rebates are paid annually and never exceed the total rent paid during participation.
Proceeds from sale or refinance
If the building is sold or refinanced, eligible tenants may receive a share of the proceeds, whether they still live there or have already moved out.
Pathway to homeownership
Long-term participants may apply their earned share toward a home offered through the program’s nonprofit partner, subject to availability.
Emergency
fund
Tenants can apply for a grant to help cover urgent, unexpected expenses, available up to a set limit.
Program details
- TWI is governed by official guidelines that may be updated. Participants will be notified of any changes by mail.
- Benefits are not guaranteed and depend on building performance and occupancy.
- Participants should consult a tax professional to understand any tax implications.
- Rebate eligibility ends once a tenant moves out, though they may still receive accrued benefits.
.jpg)
Your questions about Arbor & TWI, answered.
Participation in TWI is voluntary. Tenants must opt in during the month they sign their lease. There is no buy-in or change to lease terms.
The program does not affect your rent and has no financial requirement beyond remaining in good standing.
To receive benefits, tenants must stay current on rent and follow lease terms. Eviction or abandonment ends program participation.
Arbor communities are built with the understanding that quality of life is centered upon where we live. We pair affordable housing with outstanding building amenities and partnerships that support the wellbeing of every resident.
Each building will have its own unique features. In addition to common amenities like gyms, clubhouses, and garage parking, Arbor communities partner with unique initiatives to provide the option for residents to easily access community gardens, healthy food, and even early childhood education programs.
Arbor communities might offer a mix of market-rate and affordable units, ensuring access to as many people as possible. If you're curious to learn more, please fill out the form on our "Get In Touch" page.
Join an Arbor community
The Tenant Wealth Initiative is a brand-new program. We’re starting at Arbor 515 and we’re excited to see how it grows. If you’re a current or future resident, ask our leasing team how you can participate.
