2017 was a hallmark year for affordable housing with an unprecedented amount of new funding dedicated and the adoption of the Growing Salt Lake Housing Plan. In 2018, the Council wants to build on that momentum by considering ongoing funding opportunities and how to partner with developers and others making progress addressing the affordable housing needs of residents throughout our County and State.
The map below displays 16 affordable housing investments made by Salt Lake City leveraging external funding between 2016 and 2018, totaling $36,857,250. These investments reflect the city’s ongoing commitment to facilitate the development of affordable housing units for residents earning less than the area median income or AMI. Funds are distributed through either the RDA (Redevelopment Agency) or HTF (Housing Trust Fund). The map includes an overlay of census tract opportunity scores, which scores each census tract on a 1-10 scale by 5 indices that denote access to opportunity. The five indices are access to opportunities for school proficiency, poverty, labor market engagement, housing stability and job access. The Gardner Policy Institute created the opportunity dataset for Salt Lake City and County. The map also includes each project’s leverage ratio, which is how much private investment is leveraged per $1 of city funds.
Tags: Annual Priorities, Housing