Important Housing Statistics:
Area median income (AMI) for Salt Lake County is $73,800
Current fair market rent for a 2 bedroom unit is $831-$938/month
For a family of four: extremely low income is considered at/below $22,150 (at/below 30% AMI) and very low income is considered at/below $36,900 (at/below 50% AMI)
In this partnership effort, when we refer to “affordable housing” we are focusing on housing for households at/below 50% AMI.
Outcome 1: Subsidies and incentives
encourage developers to include affordable housing units in their development
Outcome 2: Local jurisdictions adopt a
balanced approach to mixed-use development -- supporting access to public
transportation and employment opportunities.
Outcome 3: Public policies incentivize
mixed-use development, including investments in mixed income housing.