Christina Oliver, Director of Housing and Community Development for Workforce Services, shares some remarks about Aspen Village apartments in West Valley City on Thursday, Feb. 17, 2022.This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.
The need for more affordable housing is growing faster than the state of Utah. Within the next three years, Harris says the state is expected to lose 4,000 affordable units as leases expire. Additionally, Christina Oliver, the director of housing and community development for the Department of Workforce Services, noted nearly 73% of renters were priced out of homeownership in 2020.
UPHF’s mission has support from various stakeholders, like Intermountain Healthcare, The Clark and Christine Ivory Foundation and Zion Bank, forking over money for the cause. UHPF has secured another $100 million to continue maintaining affordable housing through its efforts, including about $30 million from the state of Utah.
recommends setting aside $100 million for affordable housing throughout Utah, which has legislative support but the funds haven’t been officially allocated.
Source: Real Estate Daily Report (realestatedailyreport.net)
I wish you the best, I really do. But I also know that greed is a monster which is not easily overcome. We are dealing with the same crap here in Hawai'i.
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