Housing advocates are watching closely as Congress haggles over the president's proposed infrastructure bill. They hope affordable housing will be part of it. This, as we're getting a look at new statistics on Utah's red-hot housing market. Caption: KUTV: Daniel Woodruff reports The National Low Income Housing Coalition reported to the Utah Housing Coalition Wednesday, saying the country needs investments in affordable housing.
Utah can boast the nation’s best unemployment rate, at 2.8%, but the latest data from the U.S. Census Bureau surveys shows thousands of Utahns are on the edge when it comes to one of life’s most basic requirements: shelter
April 30, 2021
SALT LAKE CITY - A new report warns that thousands of Utah seniors could lose their housing unless federal and state officials act to preserve existing senior housing subsidies.
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The report, produced by AARP Utah, says over the next several years, millions of dollars in tax credits and block grants are set to expire, pushing vulnerable seniors out of affordable rental properties.
AARP Utah State Director Alan Ormsby said unless the rents are stabilized, property owners would be forced to charge current market rates, which could displace older people on fixed incomes.
Subscribe In Utah, we are in a statewide affordable housing crisis, said Ormsby. If the state loses over 40% of its federally subsidized rental units for low-income seniors over the next 25 years, more than 15% of those units could be lost by 2030.
Utah Seniors Warned of Worsening Affordable Housing Crisis / Public News Service publicnewsservice.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnewsservice.org Daily Mail and Mail on Sunday newspapers.
SALT LAKE CITY Utah s seniors lose hundreds of affordable housing units every year, especially as the market for rental housing grows more expensive. Without changes in policy, a report claims the risk of senior homelessness will increase in Utah.
The Preserving Affordable Senior Housing Matters report finds Utah stands to lose hundreds of subsidized housing units each year as leases expire and units are converted to market-rate rentals.
Utah Housing Coalition Fellow Otelo Reggy-Beane is the author of the report. He said the creation of new subsidized housing units is not keeping up with demand. We re adding about 182 units each year to the subsidized senior housing stock. We find that 120 of these units are just replacing the ones lost to subsidy expiration, Reggy-Beane said in a news media briefing on the report.