facebook-pixel

Housing advocates press lawmakers to pass $100 million bond to ‘jump-start’ affordable housing

(Leah Hogsten  |  The Salt Lake Tribune) l-r Rep. Rebecca Edwards, R-North Salt Lake, and Rep. Joel Briscoe, D-Salt Lake City, talk with Alexandra Crowley, right, holding her daughter Peitience, 1. Crowley and her husband, who she says has a good paying job, struggle to make ends meet with a $1150/mo. rent in a cramped triplex. "I'm thankful to have a home at least," she said.  Affordable housing advocates joined lawmakers, Wednesday, Feb. 28, 2018 to promote three housing-related bills to finance affordable-housing construction. .

(Leah Hogsten | The Salt Lake Tribune) l-r Rep. Rebecca Edwards, R-North Salt Lake, and Rep. Joel Briscoe, D-Salt Lake City, talk with Alexandra Crowley, right, holding her daughter Peitience, 1. Crowley and her husband, who she says has a good paying job, struggle to make ends meet with a $1150/mo. rent in a cramped triplex. "I'm thankful to have a home at least," she said. Affordable housing advocates joined lawmakers, Wednesday, Feb. 28, 2018 to promote three housing-related bills to finance affordable-housing construction. .

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.

“We have bonded for housing before,” Briscoe told an audience of about 100. “We borrowed $1 billion last year for some road projects. … We can find $100 million to jump-start some low-income and some affordable housing.”

(Leah Hogsten | The Salt Lake Tribune) l-r Rep. Joel Briscoe, D-Salt Lake City and Rep. Rebecca Edwards, R-North Salt Lake talk with Alexandra Crowley, center, holding her daughter Peitience, 1. Crowley and her husband, who she says has a good paying job, struggle to make ends meet with a $1150/mo. rent in a cramped triplex. "I'm thankful to have a home at least," she said. Affordable housing advocates joined lawmakers, Wednesday, Feb. 28, 2018 to promote three housing-related bills to finance affordable-housing construction. .

Briscoe and others repeatedly cited a statistic from the National Low Income Housing Coalition that says Utah has a shortage of more than 40,000 affordable homes. His bill is awaiting a hearing before the House Economic Development and Workforce Services Committee.

The other bills cited Wednesday:

• HB259, sponsored by Rep. Logan Wilde, R-Croydon, which would require counties and cities to create plans for moderate-income housing. It’s pending on the House floor.

• HB430, sponsored by Rep. Rebecca Edwards, R-North Salt Lake, would create a five-year state commission to study housing affordability needs and options in the state. It has passed the House and awaits action in the Senate.

Support free news for Utah

sltrib.com is now free to access — no subscription required. We made this decision because we believe access to trustworthy, independent news shouldn’t depend on what you can afford — especially as misinformation and AI-generated content continue to rise.

Free to read doesn’t mean free to produce. Our reporters show up every day to ask hard questions and hold powerful institutions to account. That work takes resources. As a nonprofit newsroom, we rely on support from people who believe it matters. Make a donation today to fund local news that serves Utah communities.

You can help us bring more local news to more communities today.