047 of 2019 - Authorizing release of funds from Funding Our Future revenues holding account 0 19-1
B 18-6
SALT LAKE CITY ORDINANCE
No. 47 of 2019
(Authorizing release of funds from Funding Our Future
revenues holding account.)
An ordinance authorizing release of funds for housing programming from Funding Our
Future (Sales Tax) revenues holding account.
WHEREAS, pursuant to Ordinance 23 of 2019 (the"Budget Ordinance"),the Salt Lake
City Council (the "Council") adopted the final budget of Salt Lake City effective for the fiscal
year beginning July 1, 2019 and ending June 30, 2020 (the "Budget"), in accordance with the
requirements of Section 10-8-6 of the Utah Code;
WHEREAS, the Mayor's recommended budget requested that some of the revenues
generated from Funding Our Future (Sales Tax) be used to fund certain housing programs;
WHEREAS, Council appropriated $1,775,000 of the revenues as requested, and elected
to place such funds in a holding account until the Council has approved a process to distribute
the funds for certain housing programs listed on Exhibit A attached hereto (the "Housing
Programs"), and such approval shall be by ordinance pursuant to Section 4.E.3. of the Budget
Ordinance;
WHEREAS, the Housing and Neighborhood Development Division has proposed a
process to distribute the funds for the housing programs, called the FY20 Process—Funding our
Future: Housing Programs, attached hereto as Exhibit B (the "FY20 Process");
WHEREAS, the Council has determined that the FY20 Process meets the conditions
required by the Council for the release of the funds from the holding account.
NOW, THEREFORE, be it ordained by the City Council of Salt Lake City, Utah:
SECTION 1. The Salt Lake City Council does hereby approve the FY20 Process for the
Housing Programs and authorizes the release of$1,775,000 from the holding account for such
Housing Programs.
SECTION 2. Effective Date. That this ordinance shall become effective immediately
upon publication.
Passed by the City Council of Salt ake '+this 3rd day of September , 2019.
lir'
AT •
CITY RECORDER
Transmitted to Mayor on September 4, 2019 •
Mayor's Action: Approved. Vetoed.
64-4-t‘
MA' OR
CITY RECORDER � tiA crT *,
(SEAL) ,. n? _:... .o' -`f..4;:'�c APPROVED AS TO FORM
%,94,1111111/�v�= Salt Lak City Attorney's Office
Bill No. 47 of 2019. `v,,-,,--RATE Sti_,- Date: St q LO
Published: September 9, 2019.
By:
Kimber y Chytr s, Senior City Attorney
EXHIBIT A
HOUSING PROGRAMS AND ALLOCATED AMOUNTS
Program Type Funding Level
Down Payment Assistance Home Ownership $ 300,000
House 20 Rent Assistance+ Case Management $ 125,000
Incentivized Rent Emergency Rent Assistance+ Case $ 400,000
Assistance Management
Service Models for Most Rent Assistance+ Case Management $ 200,000
Vulnerable (Targeted
Populations)
Shared Housing Rent Assistance + Case Management $ 100,000
Landlord Assurance & New Programming TBD $ 350,000
Incentive Program
Prevention & Elimination New Programming TBD $ 300,000
of Housing Discrimination
$ 1,775,000
EXHIBIT B
FY20 PROCESS
(See attached.)
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HOUSING AND HOME OWNERSHIP:
NEIGHBORHOOD
. = DEVELOPMENT DOWN PAYMENT ASSISTANCE
PROGRAM OVERVIEW
AFFORDABLE HOUSING FOR EVERYONE
OUR MISSON: In FY19,Salt Lake City,via Funding Our Future dollars,in conjunction with the
To develop and enhance Community Development Corporation of Utah,provided special incentive to care-givers,
law enforcement,first responders,9-1-1 dispatchers,and educators working in Salt Lake
livable,healthy,sustainable City to purchase a home within city limits. The program is designed so that households at
neighborhoods. or below 80%AMI can receive down payment assistance. Salt Lake City provides 3 io-5 i of
the total purchase price as a loan for qualified families.
WHAT WE DO: FY20 Salt Lake City,together with community partners,proposes exploring possible
We build neighborhoods by options in expanding the scope of the program. Some options may include:
maximizing city-owned
• Increasing the AMI limits due to increasing housing prices and difficulty finding
property,providing funding, homes in SLC that are affordable to lower AMIs
and creating housing • Expand list of Community Heroes
opportunities. • Open down payment assistance to all income eligible SLC residents
GROWING SLC ALIGNMENT
NEXT STEPS
Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowingSLChighlights the need for
- Release competitive increasing home ownership opportunities for our cost-burdened and low income
application which will residents.Goal 2 identifies the need to increase housing opportunities for cost-burdened
include opportunity for households(pg.24).Objective 6 specifically pinpoints the need to increase funding,
respondents to identify the marketing and partnerships that will lead to more affordable homeownership programs
population to be targeted within the city's network of homeownership partners(pg.32).
based upon unmet need
'Currently,there is a strong infrastructure of agencies that administer housing programs
- HAND Staff review and such partners should be used to expand their current programs,explore new and
applications for alignment diverse ways of making homeownership more accessible,and increase visibility of those
with Council intent programs throughout the city."(pg.32)
- Mayor review and provide
recommendation to Council Salt Lake City also has a strong desire to look for opportunities to leverage the Community
for appropriation Land Trust in partnership with Down Payment Assistance programs to ensure long-term
affordability as it applies to homeownership.
- Council appropriate funding
to specific agencies CITY COUNCIL GUIDING PRINCIPLES
- Enter into Funding
Agreements Supporting City Council guiding principles are found in GrowingSLC(pg.16):
- HAND to report back to •
Adhere to federal-level efforts to encourage a mix of income in individual
Council via Funding our projects and neighborhoods.
Future established Incentivize affordable housing within areas of high opportunity.
• Create a spectrum of housing options for people of all backgrounds and incomes.
mechanisms
FUNDING
FUNDING PROGRAM FY19 OUTCOME FY20 OUTCOME
OUR FUTURE Down Payment Assistance $100,000 6 $300,000 18
P $100,000 6 $300,000okurik 1&
111110 "A m'
•
1,' HOUSING AND EMERGENCY RENT ASSISTANCE
NEIGHBORHOOD
' � DEVELOPMENT
PROGRAM OVERVIEW
SHORT-TERM RENTAL ASSISTANCE
The Incentivized Rent Assistance Program is designed as a homelessness prevention
program that,assists residents with overcoming a temporary financial crisis while
OUR MISSON: simultaneously providing supportive services and connections to community resources
To develop and enhance that ensures that participants are better prepared for future financial hardships.
livable,healthy,sustainable . ' Participants must be below 60%AMI,are required to identify the temporary financial
neighborhoods. crisis(i.e.medical bill,car breakdown,etc.)and may receive up to six(6)months of rent
assistance,but no more than the cost of the temporary financial hardship.
WHAT WE DO: As part of the program,clients are required to participate in case management services,
We build neighborhoods by and a program that helps build resiliency for the next crisis.This may include programs
maximizing city owned such as(but not limited to):job training course,professional development,life skills
course,financial management/budgeting course,or any other program that demonstrates
property,providing funding, an outcome of increased income,increased resiliency,and/or a decrease in expenses.
and creating housing
opportunities. GROWING SLC ALIGNMENT
Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowingSLC highlights the need for
increasing support for high need populations.Goal 2 identifies the need to increase
housing opportunities for cost-burdened households(pg 24).Objective 3 specifically
NEXT STEPS pinpoints the need to stabilize very low-income renters(pg.28)by creating an
- Release competitive incentivized rent assistance program.
application which will
'This strategy gets to the heart of program creation and innovation,assisting families and
include opportunity for working with partners to ensure responsiveness to the needs of those seeking assistance
respondents to identify the through a robust rent assistance prograin....The program would have flexibility in a way
population to be targeted that incen ti vizes economic mobility for program participants and reduces dependence on
based upon unmet needs such assistance."
- HAND Staff.review
applications for alignment CITY COUNCIL GUIDING PRINCIPALS
with council intent
• Create a spectrum of housing options for people of all backgrounds and incomes.
- Mayor review and provide • Include collaboration with community and private sector partners to enable
recommendation to Council opportunities for in-kind contributions,creative financing and service delivery
for appropriation models.
- Council appropriate funding •
Enable residents'success to maintain housing through partnerships with
to specific agencies providers of supportive services
- Enter into Funding FUNDING
Agreements
- HAND to report back to PROGRAM I9 OUTCOME FY20 OUTCOME
Council via Funding our ' Rent Assistance Emergency $656,250 154 5400,000 93
Future established:1 Assistance
mechanisms $656,250 1---154 S400,000 93
CO •
'DI G
OUR FUTURE
ii10 Q Q DI
•
•
: • HOUSINGA•ND RENT ASSISTANCE: HOUSE 20
n ,$ NEIGHBORHOOD
DEVELOPMENT
PROGRAM OVERVIEW
SUPPORT SERVICES FOR VULNERABLE POPULATION
The House 20 program started in FY17 and serves single men and women experiencing
homelessness who have frequent interactions with emergency services and homeless
OUR MISSON: service providers.This includes Salt Lake City Police Department,Salt Lake City Fire
To develop and enhance Department,emergency shelter and other services in the Rio Grande area. Additionally,
livable,healthy,sustainable individuals appropriate for this program also have disabling conditions and other
challenges that have resulted in high barriers to accessing permanent housing.
neighborhoods.
House 20,administered by The Road Home,leads The House 20 Partners Group that meets
WHAT WE DO: once a month to discuss new referrals into the program and provide updates on current
program participants.This centralized,collaborative process ensures that regardless of
We build neighborhoods by where the clients enter services,are evaluated for this program.
maximizing city-owned
property,providing funding, GROWING SLC ALIGNMENT
and creating housing
• opportunities. Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowingSLChighlights the need for
increasing support for high need populations.Goal 2 identifies the need to increase
housing opportunities for cost-burdened households(pg.24).Objective 3 specifically
pinpoints the need to stabilize very low-income renters(pg.28)by supporting service
models that meet the needs of the City's most vulnerable households.
•
NEXT STEPS •
'Some very low income renters will need intensive resident services to find stability and
- Release competitive • thrive in housing.'Also stated. As the City works with its public and private housing
application prioritizing the' ` partners to expand housing opportunities for very low income households,it needs to
continuation of se-rvices-for work with the city's service provider network to ensure their needs are understood and
those already enrolled met"(pg.29)
- HAND Staff review CITY COUNCIL GUIDING PRINCIPLES
applications for alignment
with Council intent . . Supporting City Council guiding principles are found in GrowingSLC(pg.16):
- Mayorreview and provide • Include collaboration with community and private sector partners to enable
recommendation to Council opportunities for in-kind contributions,creative financing and service delivery
for appropriation models.
- Council appropriate funding •
Enable residents'success to maintain housing through partnerships with
to specific agencies` providers of supportive services.
- Enter into Funding FUNDING
Agreements
- HAND to report back to PROGRAM FUNDED PROGRAM FUNDED
•
Council via Funding our FY17 House 20 $128,000 FY19:House 20 $125,000
FutUre established FY18:House 20 $125,000 FY20:House 20*- $250,000
mechanisms TOTAL FUNDED:$628,000
*In the Mayor's Recommended Budget for FY20 the Administration requested an increase
to$250,000.The increase is being requested to support additional case managers and
FDING• • expand the number of clients accessing support through this successful model.
OUR;FUTURE' Due to the ongoing nature of this program,in June 2019,council approved to make
available$125,000 immediately.We look forward to the remainder of funding being made
available once Council has approved an ongoing process.
AA
•
•
HOUSING AND RENT ASSISTANCE:
x NEIGHBORHOOD
l '""'Ty DEVELOPMENT TARGETED POPULATIONS
PROGRAM OVERVIEW
IDENTIFYING FUNDING GAPS FOR VULNERABLE POPULATIONS
OUR MISSON: Funding gaps exist,which leave certain populations vulnerable and in need of assistance
To develop and enhance with housing. This program is intended to target families and individuals who are not
eligible to receive rental assistance through any alternative funding streams.
livable,healthy,sustainable • ,
. neighborhoods. The McKinney-Vento Housing Program is designed to address the housing stability for
homeless school-aged children and stabilize families using the McKinney-Vento
WHAT WE D0: definition for homelessness(as opposed to HUD's definition). Children who lack a
• permanent and stable night-time residence due to loss of housing,economic hardship,or
We build neighborhoods by similar reason,are considered to be homeless.These families are staying in motels,living
maximizing city-owned in cars,'doubled-up'with relatives,or staying in other unstable living conditions. In
property,providing funding,. • working with Utah Community Action,the goal of this program is to limit school mobility
and CIeating housingand provide continuity in learning for students.
opportunities:, Volunteers of America Utah manages the Assertive Community Treatment(ACT)
program. ACT assists those who are severely and persistently mentally ill(SPMI)with
housing costs and wrap around services. ACT is a"hospital without walls"using a team
• approach to provide intensive,integrated services where and when clients need them.
Funding our Future funds are used to support housing,while other funding supports the
•
Next Steps •
services,for example,the expansion of Medicaid.This allows for leverage of two or more
funding sources.
- Release.competitive: • GROWING SLC ALIGNMENT
application whicch will include .
opportunity for respondents to •
identify the population to be Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowingSLC highlights the needs for
increasing support for high need populations. Goal 2 identified the need to increase
' targeted based upon unmet " housing opportunities for cost-burdened households(pg.24). Objective 3 specifically
needs pinpoints the need to stabilize very low-income renters(pg.28)by supporting service
— HAND Staff review applications models that meet the needs of the City's most vulnerable households. 'As the City works
for alignment with Council- with its public and private housing partners to expand housing opportunities for very low
intent income households it needs to work with the city's service provider network to ensure
their needs are understood and met"(pg.29)
- Mayor review and provide
recommendation to Council for CITY COUNCIL GUIDING PRINCIPALS
appropriation _
Supporting City Council guiding principles are found in GrowingSLC(pg.16):
- .Council appropriate funding to-
specific agencies Adhere to federal-level efforts to encourage a mix of income in individual
•
projects and neighborhoods.
- Enter into funding Agreements ' • Create a spectrum of housing options for people of all backgrounds and incomes.
— HAND to report back council • Enable residents'success to maintain housing through partnerships with
via Funding our Future providers of supportive services.
established mechanisms -
FUNDING t 4 _
!3 s of
ti ( ' t ; C PROGRAM FY 19 HOUSEHOLDS FY20 HOUSEHOLDS
,?.. ..1,tf� Y
.„ ' }' °' k. K` School Aged Homelessness $105,808 12 $100,000 11
..:1 ltt 4: 'psi .i• Y-i 1,
SPMI(ACT Program) $112,942 30 $100,000 28
•
• N $218,750 42 5200,000 39
f 0
'HODSING.AND. RENT ASSISTANCE: SHARED HOUSING
x NEIGHBORHOOD
PROGRAM OVERVIEW
DEVELOPMENT
• SHARED HOUSING FOR HOMELESS
•
The Road Home and Salt Lake City are working collaboratively on a Shared Housing Pilot
Program. Within the Shared Housing Program,The Road Home provides landlord
OUR MISSON: services,case management,roommate matching,application fee and deposit assistance,
and incentives for risk mitigation for individuals who are at or below 40%AMI and
To develop and enhance currently homeless including those who are couch surfing or doubling up.
livable,healthy,sustainable
The Road Home is continuing their workshop series with LeSar Development Consultants
neighborhoods. to develop a toolkit for the Shared Housing Program. Once the toolkit has been compiled,
discussions will take place with additional community partners to continue to implement
WHAT WE DO: this program with other service providers and targeting additional populations in our
We build neighborhoods by community.
maximizing city-owned
property,providing funding, GROWING SLC ALIGNMENT
and creating housing
Adopted in 2018,Salt Lake City's 5 year Housing Plan Grow-ngSLChighlights the need for
opportunities. increasing support for high need populations. Goal 2 identifies the need to increase
• housing opportunities for cost-burdened households(pg.24). Objective 3 specifically
pinpoints the need to stabilize very low-income renters(pg.28)by working with housing
"'" partners and government entities to continue supporting and enhancing service models
.,
- - that meet the needs of the City's most vulnerable households(pg.29).
' Next Steps .'�
'Since there has not been an increase in wages that matches the increase in cost of living
Release competitive , } the need for additional resources to stabilize very low income renters(40 percent AMI)is
application which will . a critical piece of a comprehensive solution."(pg.28)
include,appdrtunity for,
respondents to identify the CITY COUNCIL GUIDING PRINCIPALS
population to be targeted
based upon unmet needs
I Supporting City Council guiding principles are found in GrowingSLC(pg.16):
- HAND Staff review
applications for alignment •
Adhere to federal-level efforts to encourage a mix of income in individual
with Council intent projects and neighborhoods.
• Create a spectrum of housing options for people of all backgrounds and incomes.
- Mayor review and provide , Enable residents'success to maintain housing through partnerships with
recommendation to Council ' providers of supportive services.
for appropriation
- Council appropiiate funding ,-' ' FUNDING
to specific agencies - ,
PROGRAM FY 19 OUTCOME FY20 OUTCOME
- Enter into Funding Shared Housing 8100,000 50 $100,000 50
Agreements $100,000 50- $100,000 50
- HAND to report back to
council via Funding our
Future established,,; -;"
mechanisms
' FUNDING
OUR FUTURE
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HOUSING AND . PREVENT & ELIMINATE HOUSING
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114 DEVELOPMENT'
PROGRAM OVERVIEW
-„- FAIR HOUSING PRACTICES
GrowingSLC identifies the need to focus on building a more equitable city through the
OUR MISSON: prevention and elimination of housing discrimination and promoting fair housing
To develop and enhance. practices. There is no right to counsel in civil court,therefore,many individuals being
livable,healthy,sustainable evicted are not represented by an attorney. A recent study by the Community Service
Society of New York found that evictions declined more than five times faster in ZIP
• neighborhoods. codes where the right to counsel law was in effect than in ZIP codes where the law was
not. This is just one area to explore as we look at leveling the playing field for our low-
WHAT WE DO: income residents. Denver,The Bronx,and Los Angeles are implementing similar
We build neighborhoods by programs and seeing success. Data shows that programs like this reduce homelessness
• owned and/or reduce the barriers for evicted tenants to find future housing.
maximizing City
property,providing funding, . Working with community partners,Salt Lake City will identify ways to improve
and creating housing community education about rights and responsibilities of landlords and tenants,and
Opportunities. work to expand underfunded programs to ensure availability in the city.HAND will
provide a program recommendation that identifies more detail about how these funds
could be deployed in our community and the metrics that could be tracked for future
Council review
' NEXT STEPS GROWING SLC ALIGNMENT
- Release.competitive Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowmgSLChighlights the need for
application which equitable and fair housing. Goal 3 identifies the need for equitable&fair housing:
include opportunity for. building a more equitable city(pg.33). Objective 1 specifically pinpoints the need to
respondents to identify the eliminate incidences of housing discrimination in Salt Lake City(pg.33)and to work with
population to be targeted partners to enhance awareness and resources around tenant rights and responsibilities.
based upon unmet need (pg.34)
•
'� HAND staff.review Discrimination grows when market conditions increase competition among renters and
applications for alignment • competition is strong and on the rise in Salt Lake City."Also stated'Working to increase
with-Council intent the housing supply will help decrease competition over time, which may reduce instances
- Mayor review and provide of discriminatory housing practices in the long-term,but there are distinct actions the
City will pursue to make a direct impact on reducing discrimination."(pg.33)'Another key
recommendation to Council aspect of promoting equity is ensuring the community understands and is empowered to
for appropriation expose discriminatory practices and defend their rights as tenants."(pg.34)
- Council appropriate funding
to specific agencies ' CITY COUNCIL GUIDING PRINCIPALS
Enter into Funding
Agreements • Create a spectrum of housing options foi people of all backgrounds and incomes.
•
• Enable residents'success to maintain housing through partnerships with
- HAND to report back to ` providers of supportive services.
Council via Funding our .
Future established FUNDING
mechanisms
PROGRAM . FY19 OUTCOME FY20 OUTCOME
Prevention&Elm ination of N/A N/A 5300000 TBD
FUNDING IN G Housing Discrimination
OUR FUTURE $300 000 TBD
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HOUSING AND LANDLORD ASSURANCE & INCENTIVES
� s x NEIGHBORHOOD
c'1Ty DEVELOPMENT PROGRAM OVERVIEW
ASSURANCE AND INCENTIVES FOR LANDLORDS
The Landlord Insurance program is a program offering incentives to landlords willing to
help individuals who need affordable housing. Landlords are offered incentives and
OUR MISSON: reimbursement for unexpected damage expenses that may occur while renting their
property. Depending on the parameters that are set by Salt Lake City,the landlord could
To develop and enhance be reimbursed for short-term vacancies,unit repairs,and security deposit/utility
livable,healthy,sustainable assistance. Landlords could also be offered a signing bonus and clients/tenants could
neighborhoods. receive case management services. The effort helps preserve the investment of a
participating landlord while ensuring stable,secure,affordable housing for someone in
need.
WHAT WE DO:
We build neighborhoods by Mann(San Francisco),California;Phoenix,AZ;Boston,MA,and Arlington,VA are cities
that are running localized landlord incentivized programs. The programs have been
maximizing city-owned successful and are giving families more options to find safe and affordable housing.
property,providing funding, HAND will provide a program recommendation that identifies more detail about how
and creating housing these funds could be deployed in our community and the metrics that could be tracked for
opportunities. future Council review.
GROWING SIC ALIGNMENT
Adopted in 2018 Salt Lake City's 5 year Hosing Plan GrowingSLC highlights the need to
. .NEXT STEPS • work with landlords to both improve their housing stock and rent to very-low income
households. Goal 2 identifies the need to increase housing opportunities and stability for
- Release competitive. cost-burdened households.(pg.24).Objective 5 specifically pinpoints the need to work
application which will with landlords and potentially expand incentives for landlords to rent low-income
include opportunity for households,including landlord insurance programs(pg.31).
respondents to identify the
population to be targeted 'The need for affordable options,outside of new development but within existing
• based upon unmet need neighborhoods is a key piece of equitable distributions of housing and access to
opportunity. While community partners have long developed relationships with landlords
- HAND staff review there is further opportunity to increase those willing to rent to low-income and formerly-
applications for alignment homeless populations while also improving the current condition of their property."(pg.
with Council intent 31)
- Mayor review and provide
recommendationto Council CITY COUNCIL GUIDING PRINCIPLES
for appropriation
Council appropriate funding •
Incentivize affordable housing within areas of high opportunity.
to specific agencies • Create a spectrum of housing options for people of all backgrounds and incomes.
• Enable residents'success to maintain housing through partnerships with
- Enter into Funding providers of supportive services.
Agreements '
- HAND to report back to FUNDING
Council via Funding our
Future established PROGRAM FY 19 OUTCOME FY20 OUTCOME
mechanisms Landlord Assurance&Incentive
N/A 8350.000 TBD
Program
FUNDING $350,000 TBD
OUR'FUTURE
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NEIGHBORHOOD
COMMUNITY LAND TRUST
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PROGRAM OVERVIEW
OUR MISSON: AFFORDABILITY FOR GENERATIONS
Salt Lake City's Community Land Trust(CLT)was created in 2017. To date there are nine
To develop and enhance
(9)properties in the CLT. Homes that are in the CLT are perpetually affordable as market
livable,healthy,sustainable conditions change.This is due to the fact that the land is owned by the land trust as
•
neighborhoods. opposed to the home owner. The CLT program reduces the cost of home ownership
significantly,decreasing the purchase price of a home by removing the land cost from the
WHAT WE DO: total mortgage price.
We build neighborhoods by The Community Land Trust model is used to provide opportunities for low-and-moderate
maximizing city-owned income households,specifically those that are at or below 80%of area median income.
property,providing funding, GROWING SLC ALIGNMENT
and creating housing
opportunities. Adopted in 2018,Salt Lake City's 5 year Housing Plan GrowingSLC highlights the need to
increase home ownership opportunities for our cost-burdened and low income residents.
Goal 2 identifies the need to increase housing opportunities for cost-burdened
households(pg.24) Objective 4 specifically pinpoints the need to secure and preserve
- • long-term affordability(pg.29)by creating an affordable housing community land trust.
NEXT STEPS "in order to preserve the ability to develop affordable housing in the future, the City will
- Release competitive create a Community Land Trust and work with its institutional partners to purchase land
appliiatiqn prioritizing the and entrust it for future development. This will ensure that as values continue to rise,
continuation of services for there will still be land available to build new affordable housing as the City grows"(pg.30)
those already enrolled Salt Lake City also has a strong desire to look for opportunities to leverage the Community
•
- HAND Staff review Land Trust in partnership with Down Payment Assistance programs to ensure long-term
applications for alignment affordability as it applies to homeownership.
with Council intent•
CITY COUNCIL GUIDING PRINCIPLES
- Mayor review and provide.
recommendation to Council
Supporting City Council guiding principles are found in Cro win gSLC(Pg.16):
for appropriation
• Adhere to federal-level efforts to encourage a mix of income in individual
- Council appropriate funding•
projects and neighborhoods
to specific agencies ' • Incentivize affordable housing within areas of high opportunity.
•- Enter into Funding • • Incentivize the preservation and improvement of existing affordable housing.
Agreements • • • Create a net increase of affordable housing units.
• Utilize City-owned land whenever possible.
- HAND to report back to , - . -- • Identify tools to increase and diversify the total housing supply...
Council via Funding our
Future'established • FUNDING
mechanisms
PROGRAM FY19 OUTCOME FY20 OUTCOME
•
Community Land Trust 8250,000 3 $500,000 6
F1:DI1IG. $250,000 3 S500,000 6
. *UR FUTURE
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