As the new administration in looks to spur economic growth and infrastructure spending, the Cantwell-Hatch Bill (S.548) would not only create jobs — but also would create or preserve approximately 1.3 million affordable homes over a 10-year period.
One of the most significant challenges for individuals and families experiencing homelessness is the short supply of affordable housing. Roughly one in four renters spend over half their income on rent, leaving very little money left over for necessary expenses like transportation, food and medical care.
There is a massive supply shortage of affordable housing units in Utah. According to the state's first Affordable Housing Assessment Plan, released in January 2017, there is currently a shortage of 38,000 affordable dwelling units in Utah. In 2015, the Urban Institute estimated that Salt Lake County only had 17.9 affordable units for every 100 extremely low-income renter households.