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.
The Salt Lake City Housing & Neighborhood Development Division is beginning to implement multiple Housing Opportunities programs.
An additional Planning position was filled in January to address increases in workload and free up capacity to address housing related zoning issues.
Updated January 2019.
The budget information below is for fiscal year 2018-2019 and reflects a shortened collection period that will begin in August 2018. Budgets reflect additional revenue only and do not represent total department spending or existing sales tax revenue.
| Projects | Project Description | Adopted Budget |
|---|---|---|
| New House 20 Program | Expand pilot program to place the 20 highest users of emergency services into stable housing | $125,000 |
| Shared Housing Program | Fund a structured roommate housing program which maximizes existing resources to match those in need of housing with available opportunities | $100,000 |
| 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 | $2,100,000 |
| 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 | $656,250 |
| Service Model Program for Most Vulnerable Populations | Support and enhance pilot housing programs for individuals with mental illness and children experiencing homelessness | $218,750 |
| 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 | $250,000 |
| Down Payment Assistance | Increase funding and marketing for home ownership programs | $100,000 |
| 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 | $320,000 |
| 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 | $175,000 |
| Additional Planner | Hire one new planning position to manage the impacts related to overall infrastructure upgrades | $101,161 |
| 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 |
| Total: | $4,226,161 |
