Salt Lake City would get 864 new below-market-rate dwellings under a possible framework for building much-needed affordable housing reviewed Tuesday by the city’s Redevelopment Agency.
The plan is the first broad-brush look at how the city could spend $21.6 million that has been set aside for affordable housing development. The agency, whose board comprises City Council members, will review a second option publicly this month.
“This is a starting place for a conversation about affordable housing,” said Councilwoman and RDA board Chairwoman Lisa Adams, adding that no one “expects to have this adopted as is.”
The plan that was reviewed Tuesday would meet the city’s goals for encouraging mixed-income housing, for building more housing for the poorest households at risk of homelessness, for adding new market-rate rentals and for revitalizing neighborhoods.