Adding revenue to the City’s Housing and Neighborhood Development budget will help establish long-range funding mechanisms that can increase the supply of affordable housing. This will be done by implementing the strategies in the new Growing SLC Plan.
This new revenue will provide low-interest loans to affordable housing developers, assist with down payment assistance strategies and provide case managers for those looking for affordable housing solutions.
Mayor's Recommended Budget
New House 20 Program
Expand pilot program to place the 20 highest users of emergency services into stable housing
Shared Housing Program
Fund a structured roommate housing program which maximizes existing resources to match those in need of housing with available opportunities
Land Discounts and Financing
Provide gap-financing, loans and other incentives to include affordable units in mixed housing developments; part of the Housing Trust Fund
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
Service Model Program for Most Vulnerable Populations
Support and enhance pilot housing programs for individuals with mental illness and children experiencing homelessness
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
Down Payment Assistance
Increase funding and marketing for home ownership programs
Fee Waiver Program for Affordable Housing Developers
Waive City fees related to development in exchange for the inclusion of affordable housing in mixed-income developments.
Federal Funds Accounting and Grant Administration and Reallocation
Fund additional administrative costs for Housing & Neighborhood Development (HAND) staff to create and manage City funded programs
The above figures represent a shortened collection period for fiscal year 2019. Budgets reflect additional revenue only and do not represent total department spending.
During the April 17 City Council public hearing, staff presented a proposal for how Housing & Neighborhood Development could use additional funding from the sales tax increase. Click the links below to see the presentations.
During Salt Lake City Council’s May 15 Work Session, Housing and Neighborhood Development Director Melissa Jensen detailed the proposed Funding Our Future housing programs included in the Mayor’s Recommended Budget. Click the links below to see the presentation.