Utah homes are 46% more expensive than U.S. average. Is lending developers money a way to fix it?

A new fund would give developers access to lower interest rates in exchange for dedicating 60% of units to middle-income homebuyers.

(Bethany Baker | The Salt Lake Tribune) Town homes under construction along Redwood Road in Salt Lake City in December 2023. A new bill would create a $300 million fund that lends money to developers at a lower interest rate.