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A new Utah report shows housing affordability is at historic lows, with millennials seeing the largest decrease in housing affordability during what the report calls "peak household formation years."
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Utah Gov. Spencer Cox announced a plan to address homelessness in Utah paired with funding in his proposed budget for the 2025 fiscal year.
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In other news, plans have been released for the first phase of construction of The Point, the site of the old state prison in Draper.
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Shawn Milne’s position as the economic developer for Cache, Rich, and Box Elder counties has granted him a unique perspective on the economy’s need for affordable housing.
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Jess Lucero said “additional emergency shelter options” such as the W.A.B. Warming Center and BRAG-issued hotel vouchers have helped make a difference in the amount of unsheltered people from 2020 compared to now.
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One proposal would prohibit street parking. It is also possible that changes will be made to zoning areas that allow short-term rentals.
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Nelson Partners Student Housing and Utah State University responded to The Herald Journal’s Wednesday article about Nelson Partners cancelling all leases with would-be tenants of 800 Block after they failed to complete the complex on time.
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According to data from Redfin, Salt Lake City took the third highest ranking in price cuts. More than half of homes on the market now have lower prices.
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The USDA’s Utah Office of Rural Development has been awarded three grants for housing projects from this USDA federal budget to improve rural infrastructure.
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Since the end of the federal eviction moratorium in August, renters in Utah who are behind on their payments may be forced to juggle competing priorities…