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With the swift cut of a bright-red ribbon, the transition of a crime-ridden motel into a newly remodeled affordable housing complex in Salt Lake City was complete. ....
Deseret News Share this story Kristin Murphy, Deseret News SALT LAKE CITY The Wasatch Front is on the verge of a housing affordability crisis, analysts say, and unless measures are taken immediately to address the issue, thousands of Utahns will be in danger of being priced out of the market. The Kem C. Gardner Policy Institute, in conjunction with the Salt Lake Chamber’s Housing Gap Coalition, Wednesday released a research study identifying several “best practices” that may give local municipalities the greatest chance to meeting the state’s housing affordability challenge, which has seen housing prices skyrocket since 2014. “We’ve had six years of housing price increases that’s by far the longest period we’ve ever had continuous significant increases in housing prices,” said study author Jim Wood, Ivory-Boyer Senior Fellow at the University of Utah’s Gardner Institute. “Not the average like 3% or 4%, this year it’s going to be doub ....