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Ivory Innovations partners with Summit County to tackle Utah's affordable housing crisis

December 07, 2023 | Eastern Summit County Planning Commission, Summit County Commission and Boards, Summit County, Utah



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Ivory Innovations partners with Summit County to tackle Utah's affordable housing crisis
The Summit County Eastern Planning Commission meeting on December 7, 2023, focused on addressing the pressing issue of affordable housing in the region. Key discussions highlighted the collaborative efforts of various stakeholders, including developers, policymakers, and financial institutions, to tackle this ongoing crisis.

Skyler, a representative from Ivory Innovations, reported that the organization has processed over a thousand applications aimed at supporting affordable housing initiatives. He emphasized the importance of partnerships in addressing the housing shortage, noting that their projects include 850 housing units, with two developments currently underway in Summit County—one in Park City and another in Francis, which will feature 12 apartments and 16 affordable townhomes.

The meeting underscored the need for a multifaceted approach to affordable housing, as no single entity can resolve the issue alone. Participants acknowledged that collaboration among private and public sectors is essential. Scott, another speaker, reiterated the commitment of his company, Larry H. Miller Companies, to contribute to community welfare through affordable housing projects. He expressed eagerness to work with Summit County to explore viable options that align with local ordinances.

Commissioners discussed the potential for a development agreement that would define a percentage of affordable housing units within new projects. They recognized the need for flexibility in negotiations, as state regulations limit the ability to mandate specific percentages of affordable housing in certain areas. The conversation highlighted the importance of creating a sustainable model that could serve as a benchmark for future developments.

The commission views the Cedar Crest project as a "laboratory" for innovative housing solutions, aiming to increase the availability of affordable units for both rent and sale. The discussions concluded with a shared understanding that while individual projects may vary in their contributions to affordable housing, a collective effort is necessary to make a meaningful impact in the community. The next steps will involve further collaboration and the development of specific proposals that align with the county's goals for affordable housing.

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