GROWING SLC: A FIVE-YEAR HOUSING PLAN 2018-2022
On December 12 2017, the Salt Lake City Council voted unanimously to adopt Growing SLC: A Five-Year Housing Plan 2018-2022, the first housing plan for the City since 2000.
The plan outlines a thoughtful strategy for ensuring long-term affordability and preservation that continues to enhance neighborhoods while balancing their unique needs. Moreover, it considers that as we grow we must build, but build thoughtfully, in a way that is sustainable, equitable and durable.
Growing SLC lays out a number of comprehensive solutions and policies to address the lack of affordable housing for households earning 40% or below the Area Median Income, including: updates to zoning regulations, removing impediments to development, innovative construction, increasing homeownership opportunities, eliminating incidences of housing discrimination, and implementing life-cycle housing principles. (Please note, that this plan serves as our State of Utah required biennial Moderate Income Housing Plan.)
Sales Tax and Affordable Housing – Funding Our Future
New revenue in the City’s Housing and Neighborhood Development budget will help establish long-range funding mechanisms to increase the supply of affordable housing. The City’s new Growing SLC plan identified strategies to provide low-interest loans to affordable housing developers, support down payment assistance strategies and provide case managers for those looking for affordable housing solutions.
Click the following links to view the Housing Plan:
Growing SLC – Executive Summary
Growing SLC – Housing Plan (No Attachments)
Growing SLC – Housing Plan
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