Salt Lake City puts a new package of incentives for affordable housing up for public review
Package of new affordable housing incentives across Utah’s capital aims to encourage property owners to build smaller, more affordable housing. Will it work?
The Salt Lake City Council is vetting the zoning incentives now for potential passage this fall with the latest package set forThriving in Place Those changes, in effect, now require qualifying developers either to build still more affordable units in their mix or make those units more deeply affordable, reaching to tenants making 30% of the area’s median wages. The group also urged revisions to entice more construction of family-sized housing with multiple bedrooms — and to do more to preserve existing homes.
In the case of affordable homes for sale, the city envisions having a first option to buy such units when they go on the market. The incentives also allow more units in some of the city’s single-family residential zones and remove density rules for areas where multifamily construction is already allowed, known as RMF districts. Those changes, according to lead city planner Sara Javoronok, could encourage individual homeowners to build, with potential for additional income and building wealth.
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