With six working days left in the legislative session, affordable-housing advocates Wednesday joined lawmakers in a Capitol Hill briefing to promote three housing-related bills, the weightiest of which would see the state borrow as much as $100 million to finance affordable-housing construction.
The actual amount borrowed under HB464 would be determined by legislative leadership, said sponsor Rep. Joel Briscoe, D-Salt Lake City. But $100 million for housing, financed through the regular state bonding process, could finance as many as 13,000 apartments and generate $260 million in income from salaries and purchases and $50 million in tax revenue, he said.