HomeMy WebLinkAbout23 of 2025 - Housing Program PoliciesRESOLUTION NO. OF 2025 ----
(A Resolution to Adopt a Legislative Policy for the Salt Lake City Housing Program Funds)
WHEREAS, Salt Lake City Corporation (City), through the use of Housing Program
Funds, supports the goals of helping address housing affordability for all residents and providing
increased affordable housing opportunities for low-income households; and
WHEREAS, adopting a legislative policy for the Salt Lake City Housing Program Funds
will facilitate budgetary and reporting transparency, streamline subrecipient application and
recommendation processes, ensure alignment with City best practices, and increase compliance
with state and federal requirements; and
WHEREAS, this legislative policy will also establish a new Housing Programs Loan
Committee and a new Tenant and Homeowner Loan Fund to support the administration of the
Housing Program Funds; and
WHEREAS, the City Council does now meet on this _ day of _____ , 2025 to
adopt a legislative policy for the Salt Lake City Housing Program Funds.
NOW, THEREFORE, be it resolved that the City Council of Salt Lake City, Utah, hereby
adopts the attached legislative policy for the Salt Lake City Housing Program Funds as set forth
in Exhibit A.
Passed by the City Council of Salt Lake City, Utah, this __ day of _____ _
2025.
SALT LAKE CITY COUNCIL
By __________ _ CHAIR
ATTEST:
City Recorder
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19th August
19th August
23
Sara Montoya, Senior City Attorney
09/02/2025
Chris Wharton (Sep 2, 2025 16:55:17 MDT)
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Exhibit A
Salt Lake City Housing Program Funds
Legislative Policy
1. GENERAL
1.1 Scope
Salt Lake City Corporation (City) utilizes various funding sources to support
housing and community development activities (Housing Program Funds),
primarily through two different classes of programs: (1) to local organizations for
the implementation of activities that support the City’s goals (Subrecipient
Programs); and (2) to administer activities and programs that pass funds directly
to tenants, homeowners, landlords, and property owners (Direct Delivery
Programs). Direct Delivery Programs initially include the Home Repair Program,
the Community Land Trust (CLT) Program, and the Naturally Occurring
Affordable Housing (NOAH) Program. This policy establishes financial and
reporting standards for the Housing Program Funds. In addition, this policy
establishes a revolving loan fund as a self-replenishing pool of revenue to fund
the Direct Delivery Programs.
1.2 Intent
Housing and community development policies are outlined in various plans that
have been adopted or approved by the City Council. The intent of the Housing
Program Funds is to implement the goals and objectives that are outlined in
various pre-adopted plans, including but not limited to the City’s moderate-
income housing plan, anti-displacement plan, and the 5-year consolidated plan
required by the U.S. Department of Housing and Urban Development (HUD). The
uses of the funds for the Direct Delivery Programs shall be outlined in the specific
program policy.
1.3 Program Administration
The Housing Program Funds shall be administered by the Department of
Community and Neighborhoods (CAN) and its Division of Housing Stability.
2. FINANCIAL
2.1 Revenue
Housing Program Funds revenue sources shall include:
A. Federal Ongoing: Revenue from federal funding sources that is allocated
annually to the City for affordable housing and community development
activities, including the following HUD programs: Community Development
Block Grant (CDBG), Home Investment Partnership Program (HOME),
Emergency Solutions Grant (ESG), and Housing Opportunities for Persons
with AIDS (HOPWA).
B. Funding Our Future (FoF): FoF sales tax dollars that are designated annually
for housing programs.
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C. Program Income: Revenue generated from the sale of property, the repayment
of principal and interest, or other sources of revenue generated from an
activity funded with the Housing Program Funds. To comply with the various
statutory requirements for each revenue source, the City shall separately
account for Program Income according to the associated source, as follows:
Restricted Program Income: Program Income generated from Federal
Ongoing or other sources with federal, state, or other restrictions shall
be administered according to associated requirements. For example,
Program Income generated from Federal Ongoing funding sources
maintains federal requirements in perpetuity and shall be recaptured
and reallocated annually pursuant to federal regulations.
Unrestricted Program Income: Program Income generated from
sources that do not have restrictions on the utilization of program
income shall be deposited into a revolving loan fund, pursuant to
Section 3: Tenant and Homeowner Loan Fund, to continue to support
the implementation of the Direct Delivery Programs.
D. Other Housing Program Funds: The City may designate general fund or other
one-time funding from federal, state, or other sources for housing or
community development purposes.
2.2 Annual Budget Allocations
The City Council shall appropriate the Housing Program Funds revenue to
specific Direct Delivery and Subrecipient programs through the annual budget
process. The Administration shall propose funding recommendations to the City
Council either through a competitive application process or through
administrative budget recommendations, as follows:
A. Competitive Application Process
The following sources of Revenue shall fund either Subrecipient or Direct
Delivery programs and shall be subject to an annual competitive application
process:
a. Federal Ongoing
b. FoF
c. Restricted Program Income
d. Other Housing Program Funds (on a case-by-case basis)
Applications shall be subject to a review and funding recommendation process
conducted first by the Community Development and Capital Improvement
Program Advisory Board (CDCIP Board), or its successor, then by the Mayor.
The CDCIP Board and Mayor’s funding recommendations shall be submitted
to the City Council during the budget deliberation process for the upcoming
fiscal year.
B. Administrative Budget Recommendations
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The following sources of revenue shall fund Direct Delivery Programs to
support their financial viability. Funding recommendations shall be submitted
through the Mayor’s Recommended Budget:
a. Unrestricted Program Income
b. Other Housing Program Funds (on a case-by-case basis)
3. HOUSING PROGRAM FUNDS LOAN COMMITTEE
Once the City Council has appropriated funding to a Direct Delivery Program, funding
allocations to specific project recipients shall be determined by the respective Direct
Delivery Program policy. A Housing Program Funds Loan Committee (Loan Committee)
shall be established to provide recommendations or provide final approval of funding, as
established by the respective Direct Delivery Program policy, and shall be comprised of
five (5) members, as follows:
A. Two (2) members of the CDCIP Board, or its successor
B. The Director of Community and Neighborhoods, or designee
C. The Director of Housing Stability, or designee
D. The City’s Chief Financial Officer, or designee
The Loan Committee shall be subject to the Utah Open and Public Meetings Act and
shall meet on an as-needed basis.
4. TENANT AND HOMEOWNER LOAN FUND
The Tenant and Homeowner Loan Fund (THLF) shall be established and maintained as a
restricted account in the general fund to facilitate the revolving of Unrestricted Program
Income for the implementation of the Direct Delivery Programs. The THLF shall be
financially managed by the Department of Finance (Finance). There shall be deposited
into the fund all revenue received by the City that does not have federal or state
restrictions and that is dedicated to community development and affordable housing
programs, including, but not limited to:
A. Unrestricted Program Income;
B. In lieu payments, mitigation fees, contributions, and other monies that may be
received by the City for the purposes of tenant and homeownership housing
programs; and
C. Other monies appropriated by the City Council.
No expenditure shall be made from the THLF without approval of the City Council.
Through the annual budget, the City Council shall allocate funds from the THLF to
specific Direct Delivery Programs pursuant to Section 2.2.
5. REPORTING
CAN and Housing Stability shall submit a report to the City Council on an annual basis
that provides an overview of budget expenditures, revenues, and associated outcomes.
The report shall include a summary of property transactions, loans, grants, and
populations served. To keep the identity of individuals, tenants, homeowners
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confidential, reporting shall include the census block group of the property, household, or
individual served rather than the address.
Resolution 23 of 2025 - Legislative Policy for
Housing Program Funding
Final Audit Report 2025-09-02
Created:2025-08-27
By:Thais Stewart (thais.stewart@slc.gov)
Status:Signed
Transaction ID:CBJCHBCAABAAtkq7pmqv02WadfhRa7ViThIrw16QBCfv
"Resolution 23 of 2025 - Legislative Policy for Housing Program
Funding" History
Document created by Thais Stewart (thais.stewart@slc.gov)
2025-08-27 - 11:27:53 PM GMT
Document emailed to Sara Montoya (sara.montoya@slc.gov) for signature
2025-08-27 - 11:32:54 PM GMT
Email viewed by Sara Montoya (sara.montoya@slc.gov)
2025-08-28 - 4:17:38 AM GMT
Email viewed by Sara Montoya (sara.montoya@slc.gov)
2025-09-02 - 4:34:43 PM GMT
Document e-signed by Sara Montoya (sara.montoya@slc.gov)
Signature Date: 2025-09-02 - 10:50:49 PM GMT - Time Source: server
Document emailed to Chris Wharton (chris.wharton@slc.gov) for signature
2025-09-02 - 10:50:51 PM GMT
Email viewed by Chris Wharton (chris.wharton@slc.gov)
2025-09-02 - 10:55:01 PM GMT
Document e-signed by Chris Wharton (chris.wharton@slc.gov)
Signature Date: 2025-09-02 - 10:55:17 PM GMT - Time Source: server
Document emailed to Keith Reynolds (Keith.Reynolds@slc.gov) for signature
2025-09-02 - 10:55:20 PM GMT
Email viewed by Keith Reynolds (Keith.Reynolds@slc.gov)
2025-09-02 - 11:01:43 PM GMT
Document e-signed by Keith Reynolds (Keith.Reynolds@slc.gov)
Signature Date: 2025-09-02 - 11:02:18 PM GMT - Time Source: server
Agreement completed.
2025-09-02 - 11:02:18 PM GMT