HomeMy WebLinkAbout07/08/2026 - Meeting Materials MINUTES OF THE REINVESTMENT ADVISORY COMMITTEE
Wednesday,March 4, 2026
4:00 p.m.
451 S State Street Room 118 Salt Lake City,Utah 84111
The following Committee Members were present:
Baxter Reecer, Amy Rowland, Ian Joy, Rosa Bandeirinha,Adrienne Belle,
The following Committee Members were absent:
Nic Peterson, Mojdeh Sakaki
Present Agency Leadership:
Danny Walz—Director
Cara Lindsley—Deputy Director
Present Agency Staff:
Tracy Tran-Senior Project Manager
Browne Sebright- Project Manager
Meghan Fenton- Office Facilitator 1I
Present City Staff:
Jennifer Huntsman—City Attorney
A. ANNOUNCEMENTS
No current update om CRA staff.
B. APPROVAL OF MEETING MWU
Motion:WCo*ee Member, Baxter Reecer moves to approve the minutes of February 4, 2026
Outcome: Approve Motion carried unanimously, (0-5)
C. NEW BUSINESS ITEM
1. FY 2026-2�27 Housin evelopment Funding Strategy
a. Tracy Tran, Senior Project Manager, presents an overview of CRA housing funds: Primary,
Secondary, Housing Development,Westside Initiative) and funding sources. Ms. Tran provides recap
of the cuirent fiscal year 2025-2026 priorities which included: deeply affordable housing (<30%
AMI), family housing (3+ bedrooms), wealth-building programs (80-120% AMI), neighborhood
services/commercial space, and expanding opportunities (geographic distribution). Ms. Tran also
provides recap of updates from current and previous year's housing activities: $8.1M Housing
Development Loan Program Notice of Funding Availability (NOFA (9 applications under review),
$6.1M Residential Wealth-Building NOFA in progress and ongoing, and ADU and down payment
assistance programs.Browne Sebright,Project Manager,includes the data and needs assessment being
used to guide this year's funding housing strategies,in five(5)level trends: Housing costs rising faster
than income (home values +8%, rent+5%), Increasing number of cost-burdened households (+11%),
renter households vs. stagnant homeownership, Shortage of deeply affordable and family-sized units,
and Affordable housing concentrated in limited geographic areas. Ms. Tran and Mr. Sebright propose
the priorities for the upcoming fiscal year maintain: deeply affordable housing, family housing,
wealth-building opportunities, neighborhood services/commercial support, continue with incentive-
based modifications include: to increase the affordability threshold from 10% to 20% for the deeply
affordable units or family sizes units in the Housing Development Loan Program; to replace the
`expanding opportunity' with a broader focus on expanding affordable housing availability citywide
in areas with limited affordable housing. Ms. Tran reviews the next steps moving forward will be to
receive committee members' feedback, and to present to the CRA Board of Directors next month.
D. DISCUSSION AND COMMENTS
1. The Committee held a general discussion on the proposed ng gy, focusing on improving the
geographic distribution of affordable housing across the city, ritizing affordable units and family-
sized housing, and balancing investments between rental developments an eownership opportunities.
Members considered the data supporting an increase in affordability req nts, noting that recent
application trends indicate many projects have already met or are close to the pr 20% threshold. The
discussion reflected overall support for aligning funding prio with demonstr housing needs and
market conditions.
2. Amy Rowland comments that simply identifying areas without affordable housing doesn't automatically
mean those areas are suitable for it. Some locations—like mountainous or industrial areas—may lack
affordable housing for valid reasons, such as being impractical or undesirable for residential development.
Ms. Rowland comments that programs like the low income housing tax credit try to be more strategic by
targeting "high-opportunity" areas—places with more jobs, lower poverty, and better schools—rather than
just filling gaps on a map and that multiple factors should be considered when deciding where to build
affordable housing, not just whether it currently exists there._
3. Rose Bandeirinha emphasizes the importance of affordability levels and family housing.
4. Baxter Reecer comments that while expanding affordable housing into new areas can increase access, it may
also place residents farther from key amenities, obs, and resources, potentially creating new challenges
despite meeting distribution goals.
5. Ian Joyce inquires on how deeply affordable housing goals align with public safety efforts and requested more
information on how the two initiatives work together.
E. ADJO^MrE
There being no further business, the ing was adjourned.
Meeting Minutes Approved:
Reinvestment Advisory Committee Chairperson, Baxter Reecer
This document, along with the digital recording, constitutes the official minutes of the Reinvestment Advisory
Committee held on Wednesday, March 4, 2026.
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MAYOR ERIN MENDENHALL =\\\\~ / DANNY WALZ
Executive Director °� ��� Director
SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY
REINVESTMENT ADVISORY COMMITTEE STAFF MEMO
DATE: July 8, 2026
PREPARED BY: Browne Sebright, Project Manager; Hayden Callaway, Project Coordinator
RE: Displaced Tenant Preference Administrative Policy
REQUESTED ACTION: Provide feedback on the administrative policy goals and
implementation
POLICY ITEM: Affordable Housing
BUDGET IMPACTS: None
EXECUTIVE SUMMARY:
Salt Lake City Community Reinvestment Agency("CRA") staff have developed a Displaced Tenant
Preference Administrative Policy(Attachment A)to address a strategy outlined in the City's anti-
displacement strategy, Thriving in Place. This administrative policy establishes a framework for
prioritizing displaced individuals and those at risk of displacement for income-restricted affordable
housing units in CRA-funded developments. The policy applies to both rental and ownership units
and uses a three-tier preference waterfall that gives priority to displaced former Salt Lake City
("City")residents, second priority to current residents, and the remaining availability to the general
eligible pool. This policy also aligns with the CRA's Displacement Mitigation livability benchmark
by creating a pathway for displaced residents to return to affordable units from which they were
displaced or are at risk of displacement.
The policy is proposed for introduction as a new optional category in the next round of the Housing
Development Loan Fund("HDLP")Notice of Funding Availability("NOFA"), as one of many
options for applicants to earn additional project priority points and interest rate reductions. This
approach allows the policy to be piloted on a smaller scale before considering broader application to
all CRA projects. CRA staff is seeking feedback from the Reinvestment Advisory Committee
("RAC")and will incorporate input from this discussion to inform the final policy and
implementation.
BACKGROUND INFORMATION:
SALT LAKE CITY CORPORATION
451 SOUTH STATE STREET,ROOM 115 WWW.SLC.GOV•WWW.CRA.SLC.GOV
P.O.BOX 145518,SALT LAKE CITY,UTAH 84114-5518 TEL 801-535-7240•FAX 801-535-7245
I
In October of 2023,the City Council adopted Thriving in Place,the City's anti-displacement
strategy, in response to growing community concern about gentrification and displacement driven by
a severe shortage of affordable housing. The strategy is built around six guiding principles: Protect,
Preserve, Produce, Expand Funding, Partner and Collaborate, and Advocate. The plan also includes
twenty-two strategic priorities aimed at countering displacement while strengthening long-term
community stability.
Research conducted as part of the planning process found that displacement in Salt Lake City is
significant and worsening, and there are no more affordable neighborhoods in the city where
displaced lower-income families can relocate. More than half of Salt Lake City renters are rent-
burdened, spending over 30% of their income on housing. While displacement affects the broader
population, it disproportionately affects households of color.
One of the near-term priorities under the Protect principle from Thriving in Place calls for adopting a
Displaced Tenants Preference Policy(Strategic Priority 113), so that tenants displaced due to new
development or rising rents are given priority for deed-restricted units created or made available on
the site or within the area from which they were displaced. This priority forms the basis for the policy
addressed in this memo.
ANALYSIS & ISSUES
Summary of the Policy
Application Prioritization
The Displaced Tenant Preference Administrative Policy establishes a framework for prioritizing
applicants for income-restricted affordable housing units in CRA-funded developments. The policy
applies to both rental and ownership units, covers only income-restricted units within a project, and
applies to 30%of those units. Market-rate units are excluded. The mechanisms for setting the tenant
preference are a three-tier preference waterfall that determines the order in which eligible applicants
are considered:
1. Displaced Residents: First priority is given to applicants who have previously lived in Salt
Lake City for a minimum of 5 years and have been displaced due to rising housing costs,
redevelopment, or demolition of their prior residence.
2. Current Salt Lake City Residents: Secondary priority is given to applicants who currently
reside within Salt Lake City municipal boundaries and have done so continuously for a
minimum of 12 consecutive months.
3. General Eligibility Pool: If units remain available after Tiers 1 and 2 have been exhausted,
remaining units will be made available to any applicant who meets the standard affordability
and eligibility requirements of the property.
To prove displacement, applicants may provide several types of documents, including a government-
issued ID with a Salt Lake City address, a current or prior lease agreement,utility bills, financial
statements, or any other documentation the property manager deems sufficient to establish current or
prior residency. Only one member of an applicant household needs to meet the relevant priority
criteria for the household to receive that preference. All applicants, regardless of preference tier, must
still meet the general eligibility requirements, including an income ceiling of 80%Area Median
Income (AMI) for rental units and 120%of AMI for owner-occupied units. Individual properties may
set a lower threshold based on project-specific criteria. Applicants must also demonstrate a history of
meeting their financial obligations, as determined by the property.
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Affirmative Marketing
The policy also establishes affirmative marketing requirements to ensure broad awareness of
available units from the start of the initial lease-up or sales period through the project's 90%physical
occupancy. The owner or property manager must make good-faith efforts to ensure that marketing
reaches current and former Salt Lake City residents and that they are aware of the eligibility and
requirements of the Displaced Tenant Preference Policy. Outreach efforts may include distributing
marketing materials through City communications channels and engaging directly with neighborhood
groups, tenant associations, and local service providers. All marketing and outreach must comply
with the Fair Housing Act and other applicable nondiscrimination laws.
Developer and Property Manager Obligations
The policy sets obligations for developers and property managers beyond tenant selection. Property
managers are responsible for verifying all submitted documentation,maintaining ongoing
monitoring, and submitting annual reports to the CRA covering application volume, eligibility
determinations, and completed leases or sales. All of this will be subject to CRA audit. All tenant
selection practices must comply with applicable Fair Housing laws, and the CRA will review the
policy annually to inform potential adjustments as needs evolve.
Examples from Other Cities
San Jose
In 2024, San Josh adopted a Tenant Preferences Program that designates 20%of apartments in new
and existing affordable housing properties for low-income applicants in high-displacement census
tracts, as defined by the Urban Displacement Project at U.C. Berkeley, and 15% for lower-income
applicants already living in the same City Council District as the property. Applicants must provide
at least two forms of evidence of their current residential address.
Denver
Effective in 2024,the Affordable Housing Prioritization Policy reserves 30%of units for residents at
risk of or who have experienced displacement,using a scoring system based on Denver residency
duration, displacement history, generational neighborhood ties, housing instability, disability, and
having school-aged children. The policy applies during a 14-day priority application window before
units open to the general public. Applicants can verify eligibility by providing documentation related
to the scoring criteria, including property records, tax documents, an eviction notice, a foreclosure
notice, a landlord's notice to vacate due to a sale or owner move-in, or documentation showing that
rent or mortgage exceeds 40%of household income.
Portland
The N/NE Preference Policy prioritizes applicants for City-sponsored housing who were displaced
by urban renewal, eminent domain, and historically inequitable housing practices in North/Northeast
Portland. Up to 6 points are awarded based on an applicant's current or former residence and
generational ties to the affected neighborhoods, with the highest-scoring applicants placed first on the
waiting list. To verify eligibility, acceptable documents include lease agreements,utility bills, bank
statements, or tax records.
Alignment with Livability Benchmarks
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The CRA's livability benchmarks adopted by the Board as part of the CRA's Guiding Framework
(Attachment B) serve as guiding principles for evaluating and prioritizing projects that receive CRA
participation. The Displaced Tenant Preference Policy aligns with the Displacement Mitigation
Benchmark in the Equity&Inclusion category. This benchmark calls for mitigating the displacement
of current and longtime residents while creating opportunities for those already displaced to return.
The policy preference waterfall implements this benchmark by giving preference to applicants
displaced from Salt Lake City and to current City residents at risk of future displacement.
Proposed Implementation
CRA staff proposes introducing the Displaced Tenant Preference Policy as a new category in the
Project Priorities&Interest Rate Reductions section of the next HDLP and Residential Wealth
Building(RWB)Pilot Program NOFAs. Rather than requiring all CRA-funded housing projects to
adopt the policy as a condition of receiving funds,this approach allows developers to opt in by
meeting the policy's benchmark, similar to the other project priority categories already in place.
Structuring it this way allows the policy to be vetted as a pilot on a smaller scale, observe how it
performs in practice, and make adjustments before considering broader application to all CRA-
funded projects. The following table illustrates how the policy will appear in the Project Priorities &
Interest Rate Reductions section of the HDLP NOFA. The priority points for adopting this policy are
yet to be determined and will be informed as all project priorities are set for the next round of
funding.
Category Policy Objective Benchmark Project Priority 0.5% Interest
Points Rate Reduction
Project adopts
and implements
Prioritize housing the Displaced
stability for Tenant
residents Preference
displaced by Policy,providing
Displacement development or priority for TBD X
Mitigation rising housing income-restricted
costs by giving units to
them preference qualifying
for income- displaced
restricted units households as
defined by the
policy.
Methods to Operationalize the Policy
A Displaced Tenant Preference Policy is only useful if it has a practical method to ensure that
qualified residents can access housing through a defined process. In the examples from other cities,
above,two methods were observed for operationalizing a preference policy.
City-Maintained Waitlist
• In San Jose and Portland,the municipalities maintain centralized application portals and
waitlists of qualified prospective residents. Qualified applicants are then the only applicants
considered for units designated for displaced tenants across many developments.
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o Pros: These portals aggregate all affordable housing developments in the area and are
a one-stop shop for finding affordable housing,minimize friction for applicants, and
give the city a high level of control over ensuring that the policy is being
implemented consistently across developments.
o Cons: This type of portal does not yet exist in Salt Lake City, and would require
substantial upfront setup, ongoing maintenance,buy-in from the City's Information
Management Systems (IMS)team, and work to ensure buy-in from area property
managers.
Affirmative Marketine Requirements with a Defined Hold Period
• In Denver, rather than maintaining a single, centralized waitlist, individual property managers
are obligated to provide affirmative marketing of designated units for at least 14 days to
solicit applications from eligible households. Units are then offered to qualified applicants
who meet other screening criteria. Should no qualified applicants apply,units are offered to
the general applicant pool. Still,property managers are required to demonstrate that 30%of
the units were occupied by prioritized households as measured and assessed at least every
three years.
o Pros: This method reduces administrative burden on city staff,while having a
functionally similar outcome for residents.
o Cons: This method requires property owners to hold units vacant for longer to meet
the minimum solicitation requirements. In conversations with local affordable
housing property managers, they expressed concern that Salt Lake City's rental
housing market currently has relatively high vacancy rates and that adding hold time
was not preferred.
Affirmative Marketine and Competition-based Preference
• For Salt Lake City's CRA policy, we propose a competition-based mechanism similar to
Denver's,with greater flexibility for the current housing market. Under this model,property
managers must continuously use affirmative marketing to reach displaced residents. When a
unit receives multiple applications, applicants who meet the displaced tenant criteria are
prioritized. When demand for units is low, and there are not multiple applicants for a single
unit,property managers may proceed with normal leasing procedures. As in Denver,
properties will still be required to demonstrate that the agreed-upon percentage of units are
occupied by prioritized households at given intervals.
o Pros: This policy reduces administrative burden on both City staff and property
managers and minimizes unit vacancy. It is implemented when there is meaningful
competition for units,while reducing bureaucratic processes that would have limited
practical effect during soft-demand periods.
o Cons: Monitoring compliance with this policy may be challenging during sustained
periods of lower demand for units. It may be difficult to determine whether multiple
applications were submitted for a single unit and whether property managers are
making a good-faith effort to implement the policy.
NEXT STEPS
The RAC is asked to review the proposed Displaced Tenant Preference Policy and provide feedback
on the policy framework and its proposed implementation. Comments received will inform the final
policy prior to implementation.
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ATTACHMENTS:
• ATTACHMENT A: Draft Displaced Tenant Preference Administrative Policy
• ATTACHMENT B: CRA's Guiding Framework
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ATTACHMENT A: Draft Displaced Tenant Preference Administrative Policy
SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY
Draft Displaced Tenant Preference Administrative Policy
1. GENERAL
a. Purpose
This administrative policy establishes a framework for prioritizing displaced
individuals and those at risk of displacement for income-restricted affordable
housing units in CRA-funded developments. The Displaced Tenant Preference
Administrative Policy aims to ensure that housing projects funded by the Salt
Lake City Community Reinvestment Agency ("CRA")prioritize certain
applicants to meet the goals of providing stable housing for local families,
supporting the local workforce, and addressing generational ties to the
community. Additionally, this policy seeks to give preference to low- to
moderate-income ("LMI")households who have been displaced from their
homes within Salt Lake City ("City").
b. Policy Scope
The policy applies to all developers and property owners who opt in to the
Displacement Mitigation Project Priority benchmark and receive funding from
the CRA through its annual housing Notices of Funding Availability
("NOFA"). It sets forth the criteria and procedures for tenant selection and
home sales to ensure alignment with community and program goals.
c. Policy Administration
i. Oversight: The CRA shall be responsible for the overall
administration of this policy.
ii. Delegation of Responsibilities: The CRA may delegate certain
administrative functions under this policy to developers,property
owners, property managers, and sales teams through the terms of
individual funding agreements.
2. APPLICABILITY
Except to the extent prohibited by applicable law or state or federal funding sources, at
least thirty percent(30%) of income-restricted units in a CRA-funded project must be
made available to eligible households in accordance with this policy. In calculating the
number of units subject to this requirement, any fraction of 0.1 or greater shall be
rounded up to the next whole unit. This requirement applies to:
a. Affordable rental units for the duration of the affordability term established in
a recorded covenant or other affordability mechanism; and
b. Affordable ownership units at the time of first sale.
3. ELIGIBILITY, PRIORITIZATION,AND APPROVAL PROCESS
a. Eligibility Requirements
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To be considered eligible under the Displaced Tenant Preference Policy, an
applicant shall meet the following threshold requirements, as further defined
by the specific requirements of each CRA-funded project:
i. Maximum Income: Applicant household income shall not exceed the
Area Median Income ("AMI") limit established for the applicable
CRA-funded project, as determined by the most current income limits
published by the U.S. Department of Housing and Urban
Development. Income limits will vary by project, but shall not exceed
eighty percent (80%) of AMI for rental units and one hundred and
twenty percent(120%) of AMI for owner-occupied units, and will be
specified in each project's loan agreement documents.
ii. Credit Worthiness: A household shall demonstrate a history of
meeting its financial obligations, as determined by the applicant's
credit report.
b. Application Prioritization
Applicants who meet the Eligibility Requirements set forth in Section 3(a)
shall be considered for available units in accordance with the following
priority waterfall. For a household to qualify for preference under this section,
at least one (1)member of the applicant household must satisfy the applicable
priority criteria. Units shall be offered to applicants in order of priority tier,
with the property manager's standard management practices applying within
each tier. The preference tier does not exempt any applicant from meeting
basic eligibility criteria or from property managers meeting Fair Housing Act
requirements.
i. Preference 1 Displaced Residents: First priority shall be given to
applicants who have previously resided within Salt Lake City
municipal boundaries for a minimum of five (5)years and have been
displaced from their residence due to rising housing costs or the
redevelopment or demolition of their prior residence. Applicants must
provide documentation sufficient to verify both prior residency and
displacement in accordance with Section 3(f) to the satisfaction of the
property manager.
ii. Preference 2 Current Salt Lake City Residents: Second priority
shall be given to applicants who currently reside within Salt Lake City
municipal boundaries and have done so continuously for a minimum
of twelve (12) consecutive months at the time of application.
Applicants must provide documentation sufficient to verify current
residency in accordance with Section 3(f)to the satisfaction of the
property manager.
iii. Preference 3 General Eligible Pool: If units remain available after
Tiers 1 and 2 have been exhausted, remaining units shall be made
available to any applicant who meets the Eligibility Requirements set
forth in Section 3(a). Units filled by Tier 3 residents shall not count
toward the required thirty (30)percent of income-restricted units made
available to eligible households.
c. Preference Procedures—Rental Units
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i. Competitive Vacancies. The priority waterfall shall apply when two
(2) or more eligible applicants are competing for the same vacant unit
at the same time. In such cases, and in compliance with all applicable
Fair Housing requirements, the property manager shall award the unit
to the applicant with the higher preference tier. If competing
applications are in the same preference tier, the unit shall be awarded
in accordance with the property manager's standard management
practices.
ii. Single Applicant Vacancies. When only one eligible applicant is
being considered for a vacant unit, the property manager shall award
the unit to that applicant without regard to preference tier, provided the
applicant meets the Eligibility Requirements in Section 2(a).
d. Preference Procedures—Ownership Units
i. Competitive Sales. The priority waterfall shall apply when two (2) or
more eligible applicants are competing for the same unit at the same
time. In such cases, and in compliance with all applicable Fair
Housing requirements, the developer or property manager shall award
the unit to the applicant with the higher preference tier. If competing
applications are in the same preference tier, the unit shall be awarded
in accordance with the developer's or property manager's standard
management practices.
ii. Single Applicant. When only one eligible applicant is being
considered for a unit, the developer or property manager shall award
the unit to that applicant without regard to preference tier, provided the
applicant meets the Eligibility Requirements in Section 2(a).
e. Affirmative Marketing
This provision is intended solely to expand awareness of housing
opportunities among such populations and shall not constitute a requirement, a
condition of eligibility, or a basis for denying housing to any applicant.
i. Applicability Duration. The Owner or Property Manager shall
implement affirmative marketing and outreach efforts for all
residential units in the Project from the commencement of the initial
lease-up or sales period through the duration of the affordability term
established in a recorded covenant or other affordability mechanism,
or until all units have been initially sold for ownership units
("Affirmative Marketing Period").
ii. General Standard. All marketing, outreach, and tenant selection
activities shall be conducted in a manner consistent with the federal
Fair Housing Act and all other applicable federal, state, and local
nondiscrimination laws. At no point shall any person be denied the
opportunity to apply for or lease a unit on the basis of any protected
class.
iii. Affirmative Outreach Efforts. During the Affirmative Marketing
Period, the Owner or Property Manager shall undertake good-faith
efforts to broadly market available units to the general public,
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including targeted outreach to current and former Salt Lake City
residents as part of that strategy. Outreach efforts include:
1. Advertising through diverse media outlets that reach a broad
cross-section of the regional population;
2. Providing information to community-based organizations,
housing counseling agencies, and local service providers; and
3. Ensuring that marketing materials include the Equal Housing
Opportunity logo and related nondiscrimination statements.
f. Documentation of Residency and Displacement
Applicants claiming preference under Section 2(b)(i) or Section 2(b)(ii) shall
provide documentation sufficient to verify their current or prior residency
within Salt Lake City. Acceptable documentation may include, but is not
limited to, the following:
i. Current Residency
1. Government-issued ID
2. Current lease or rental agreement
3. Utility Bills
ii. Prior Residency
1. Prior lease or rental agreement with a Salt Lake City address
2. Prior utility bills
3. Financial statements
iii. Displacement
1. Rent or mortgage more than 40 percent of household income
2. Renter must move because property owner selling or has sold
their rental unit
3. Renter must move because property owner is moving into the
rental unit
4. No cause eviction
4. DEVELOPER AND PROPERTY MANAGER OBLIGATIONS
a. Verification: Property managers are responsible for reviewing and verifying
all submitted documentation prior to granting eligibility or preference status.
The CRA may audit verification records at any time.
b. Record-Keeping: Property managers shall conduct ongoing monitoring and
reporting to ensure that all applications received, eligibility determinations
made, preference criteria applied, and units leased or sold remain in
compliance with all applicable program requirements, loan covenants, and
regulator obligations. Property managers shall prepare and submit to CRA
annual reports in a form and format approved by the CRA, which shall
include, at a minimum, the following:
i. Total number of applications;
ii. Total number of applicants who meet the Application Prioritization
eligibility requirements;
iii. Total number of Pre-Approved Applicants who have entered into lease
agreements or purchase agreements.
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5. FAIR HOUSING COMPLIANCE
a. All preferences outlined in this policy will be administered in compliance with
federal, state, and local Fair Housing Laws
b. Developers and property managers must ensure that tenant selection practices
do not discriminate based on race, color, national origin, sex, disability,
familial status, or other protected characteristics.
6. MONITORING AND REPORTING
a. This policy will be reviewed annually by CRA to ensure its effectiveness in
meeting community housing goals.
b. These reports will include data on tenant selection, the use of preference
points, and demographic outcomes.
c. Adjustments to this policy may be made based on the results of these reports
and evolving community needs.
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ATTACHMENT B: CRA Guiding Framework
Guiding Framework 4 SLCROA
This Guiding Framework is a strategic operational document outlining the methodology for evaluating and prioritizing projects requesting RDA financial assistance. The RDA's
Mission and Values form the foundation of the Guiding Framework, declaring the RDA's purpose and the intended economic, social, and physical outcomes expected of RDA
projects and partnerships.
MISSION: The Redevelopment Agency of Salt Lake City strengthens neighborhoods and business districts to improve livability, create economic opportunity and
foster authentic, equitable communities, serving as a catalyst for strategic development projects that enhance the City's housing opportunities,
commercial vitality, public spaces, and environmental sustainability.
VALUES: Economic Opportunity- Equity&Inclusion- Neighborhood Vibrancy-
We invest in the long-term prosperity and growth We prioritize people-focused projects and We cultivate distinct and livable places that are
of our local economy. programs that encourage everyone to contextually sensitive, durable, connected, and
participate in and benefit from development sustainable.
decisions that shape their communities.
PROJECT EVALUATION PROCESS: The RDA prioritizes projects that demonstrate a commitment to the Mission and Values,evaluating projects via three steps,which answer the
following questions: 1.) Does the project meet the minimum THRESHOLDS required for RDA participation?2.)To what degree does the project benefit the public by achieving
defined LIVABILITY BENCHMARKS, thereby warranting RDA assistance? 3.) Does the project meet the CRITERIA outlined in existing RDA programs and policies, such as the
RDA Loan Program or Tax Increment Reimbursement Program?
Alignment with adopted City policies&plans
Step 1:THRESHOLDS Alignment with RDA Project Area Work Plans*
Financial viability with a demonstrated and reasonable need for public assistance
Economic Opportunity Equity&Inclusion Neighborhood Vibrancy
Leveraging Transit Opportunities Public Space
Step 2: Timeliness Mixed-Income Neighborhoods Public Art
LIVABILITY Return of Investment Neighborhood Safety Architecture&Urban Design
BENCHMARKS Permanent Job Creation &Retention Community Engagement&Support Sustainability
Affordable Commercial Spaces Housing for Everyone Walkability
Ownership Displacement Mitigation Building Preservation,rehabilitation,or
Affordable Housing Preservation adaptive reuse
Missing Middle&Unique Building Types
Step 3:
PROGRAM Evaluation of project according to respective RDA policies, programs and procedures
CRITERIA
*Spanning a 1-3 year time frame,Project Area Work Plans identify redevelopment objectives and strategic redevelopment projects for each project area,along with a corresponding schedule&budget for each project. The Project Area Work Plans
will be based on relevant City policies and plans and the Project Area Plans that were adopted when the project area was created and will provide direction for the annual RDA budget process.
12 Adopted 12.14.21