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 is helping 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 and Neighborhood Development (HAND) Division is implementing the following housing programs:

• Shared Housing (managed by the Road Home) provides landlord services, case management, and roommate matching for homeless individuals who are at or below 40% AMI (Area Median Income).
• House 20 (managed by the Road Home) 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 various community partners (managed by Alliance House, Asian Association of Utah, Odyssey House, Utah Community Action, Valley Behavioral Health, International Rescue Committee Utah, YWCA Utah, First Step House, and Alliance House) to administer a rental assistance program.  Individuals (such as those experiencing homelessness or at risk of homelessness or those experiencing a temporary financial crisis) can receive assistance and case management to assist them.
• The McKinney-Vento Housing Program (managed by Utah Community Action) is designed to address housing instability for homeless school-aged children.  This program has stabilized 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 (managed by Volunteers of America Utah) provides intense supportive services and housing assistance for those who are severely and persistently mentally ill.
• Salt Lake City’s Community Land Trust (CLT) make homes perpetually affordable.  There are currently 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 (managed by CDCU and IRC Utah) aids qualifying households in purchasing a home.
• The Landlord Assurance program is still being developed. Implementation of Landlord Assurance Program would mitigate perceived risks related to renting to low-income clients. Agency will recruit eligible landlords, provide tenant financial assistance, landlord financial assistance, and provide tenant education. Households served will be at or below 60% AMI.
• 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.

Updated March 2020

Housing Update Year 1 January 2020

Housing Update Year 2 January 2020