Rent hikes slow down in 2019 – will increased supply reinforce that trend in 2020?

After a raucous 2018 for rent hikes in Utah cities, 2019 brought stabilization and less pain for renters in most locales. While cost-of-living increase for 2019 was 2.8%, rent ticked up less than that in most (60%) of Utah cities included in our data set. Is this a “wind down” of greater-than-national-average yearly rent increases […]

Under blanket commercial zoning, developers stack up housing projects in Ballpark

Salt Lake City’s Ballpark neighborhood, an often neglected area immediately south of Downtown, is seeing rapid redevelopment as developers take advantage of few restrictions in the area. Despite a lack of investment by the city, the recent building boom is quietly fleshing out a mixed-use, mixed-income urban neighborhood. While none of the recent projects catch […]

Affordable housing looks to get another boost at the Utah Legislature in 2020

The Utah Legislature took aim at one of the great barriers to building more affordable housing –NIMBYism—during last year’s session. As the 2020 session opens, there is significant momentum to address, in a limited way, the capital shortage problem. State officials have come up with a formula for private developers to leverage $15-20M of one-time […]

How tall is tall enough near Station Center? City Council will consider going bigger

Salt Lake City could have landed it: One of the elusive technology company headquarters that are congregating in the sprawl of Lehi’s Silicon Slopes. All the developer needed was permission to build high enough to suit the company’s desires, and a tech company would have come to the area near the Gateway. That’s according to […]

Another big apartment start in SLC’s East Downtown – 254-unit Cottonwood Broadway

Cottonwood Residential is currently excavating a key site in East Downtown, preparing to build a 254-unit market-rate rental project spanning an entire city block. Located in a prime area of Downtown – close to transit, culture, bars and restaurants – Cottonwood Broadway Apartments will occupy largely vacant land long-owned by the federal government. The 254-unit […]

After years of delay, the Book Cliffs Lodge Apartments appear back on track in Ballpark

More than two years after it received approval to move ahead, the Housing Authority of Salt Lake City announced on Thursday it was breathing new life into its stalled multi-family project in the city’s Ballpark neighborhood. The Book Cliffs Lodge, which has been planned as affordable housing for American Indians, will be built as planned […]

Here’s where affordable housing will be built thanks to tax credits in 2020

Cities across Utah will see more than 500 new affordable housing units built thanks to federal tax credits unveiled for the new year. Once built, those units will help house some of the more than 100,000 Utahns who pay more than half their wages toward housing costs, according to the Utah Housing Corporation. “These families, […]