2019-2020 Sales Tax Revenue Budget: Affordable Housing

The budget information below is for fiscal year 2019-2020.

Projects	Project Description	Adopted Budget
Census Coordinator	Hire a census coordinator to prepare for 2020 Census and help gain an accurate count. Census data determines federal affordable housing and community development funding to the City.	$80,000
Shared Housing Opportunities	The Shared Housing Program looks to match up homeless roommates and provide case management and housing services to those who are at or below 40% AMI. Individuals served are currently homeless, including those who are couch surfing or doubling up.	$100,000
Community Development Grant Coordination	1 full-time position	$99,408
Land Discounts & Financing	Housing Trust Fund	$2,590,000
New House 20	Expand pilot program to place the 20 highest users of emergency services into stable housing	$250,000
Incentivized Rent Assistance Program	Fund an assistance program to stabilize low-income renters using best practices and an outcome-based approach, to help prevent homelessness	$400,000
Service Model Program for Most Vulnerable Populations	Support and enhance pilot housing programs for individuals with mental illness and children experiencing homelessness	$200,000
Community Land Trust	Expand the number of homes placed in Community Land Trust, a pilot program which permanently secures land to make single-family homes more affordable	$500,000
Down Payment Assistance	Increase funding and marketing for home ownership programs	$300,000
Additional Planner	Hire one new planning position	$107,332
Landlord Insurance Pilot	This program is still being developed. The program will strive to provide assurances and incentives to landlords to encourage renting units to all income levels.	$350,000
Build a More Equitable City	This program is still being developed. The program will strive to reduce housing discrimination, provide low income households facing eviction with connections to legal resources to maintain housing.	$300,000
Community Development Grant Administrator	Fund administrative costs for Housing and Neighborhood Development (HAND) staff to create and manage Funding Our Future Housing programs.	$99,408
Total:		$4,226,161

 

Housing Opportunities Dashboard

Funding Our Future revenue will help Salt Lake City residents with long term and short-term housing assistance.  The City’s housing plan, Growing SLC lays out several solutions and policies to help establish Salt Lake City as a place for a growing diverse population to find housing opportunities that are safe, secure, and enrich lives and communities.

Housing Opportunities Update

Salt Lake City’s Housing & Neighborhood Development Division (HAND) has begun implementing the following housing programs.

• The Shared Housing Program will provide landlord services, case management, and roommate matching for homeless individuals who are at or below 40% AMI.
• House 20 continues to be a successful program for single men and women experiencing homelessness who have frequent interactions with emergency services and homeless service providers.
• HAND is working with community partners to administer a short-term rental assistance program.  Individuals with a temporary financial crisis can receive assistance and case management for up to six (6) months to assist them through their temporary financial hardship.
• The McKinney-Vento Housing Program is designed to address housing instability for homeless school-aged children.  This program has stabilized six (6) families consisting of 29 individuals.  The goal of this program is to limit unplanned school mobility and provide continuity in learning for students.
• The Assertive Community Treatment (ACT) Program provides intense supportive services and housing assistance for those who are severely and persistently mentally ill.
• Salt Lake City’s Community Land Trust will make homes perpetually affordable.  There are currently nine (9) properties in the CLT.  The program reduces the cost of home ownership significantly, decreasing the purchase price of a home by removing the land cost from the total mortgage price.
• The Down Payment Assistance Program will aid qualifying households at or below 80% AMI to purchase a home.
• The Landlord Insurance Pilot program is still being developed.  The program will strive to provide assurances and incentives to landlords to encourage renting units to all income levels.
• GrowingSLC identified the need to focus on building a more equitable city through the prevention and elimination of housing discrimination and promoting fair housing practices.  This program is still being developed but will work with community partners to identify ways to improve community education about rights and responsibilities of landlords and tenants.

Updated November 2019

Housing Needs Year 1

Housing Needs Update October 2019