The CRA Board approved $8.1 million in funding for affordable housing projects and discussed future strategies, including equitable geographic distribution, wealth-building models, and refining scoring criteria to incentivize housing in underserved areas.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 7 the 60 before, 1 the 90 before that.
The specific dollar amounts for these priorities will be determined during the upcoming budget process.
Low-income residents and families seeking affordable housing options.
Projects specifically within the CBD that might have utilized these funds may not receive them.
A pair of upcoming multifamily projects in South Salt Lake will receive tax increment funds in exchange for adding affordable housing units to the city. Last week, the South Salt Lake City Council, acting as the city’s Redevelopment Agency, unanimou...
The city is proposing to invest $9.9 million into affordable housing. This is a big deal for residents struggling with rising costs, as it focuses on deeply affordable units and family-sized housing.
Salt Lake City is setting aside millions of dollars for housing programs aimed at building wealth for renters, hoping to bridge the gap between renting and home ownership for city residents. This year’s spend outpaced last year’s inaugural outlay,...
The CRA is allocating nearly $6.4 million to support two new projects aimed at increasing affordable homeownership. These projects will create new townhomes and single-family homes for middle-income households, helping them build equity.
Housing funds originally designated for the Central Business District are being transferred to a citywide secondary housing fund because no eligible projects were identified in the CBD. This allows the funds to be used for affordable housing across the city.
The council approved funding allocations for federal housing grants and local housing programs, including support for case management services.
The city is deciding how to prioritize its affordable housing funds for the next year. This affects where and what kind of housing gets built in our community.
The board is handing out $8.1 million to help build more affordable housing. They are also looking at how to make sure these projects are spread out across the city rather than clustered in one spot.
Council members acknowledged that housing affordability is a major challenge that requires daily, incremental effort rather than a single quick fix.
Salt Lake City makes another $14.4M available for affordable housing construction KSL News
The CRA is setting its roadmap for how it will spend money on housing next year, focusing on deep affordability and family-friendly units.
A new program provides financing to help homeowners build accessory dwelling units, increasing housing density and rental options.
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