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UAC presenters outline new housing foundation to funnel county project-area set‑asides into local workforce housing grants
Summary
Brandy, a presenter for the Utah Association of Counties, told Morgan County commissioners on July 15 that a proposed nonprofit “housing foundation” would give rural counties an option to keep required project‑area affordable housing funds locally and use them to reduce the price of workforce housing units.
Brandy, a presenter for the Utah Association of Counties, told Morgan County commissioners on July 15 that a proposed nonprofit ‘‘housing foundation’’ would give some rural counties an option to keep required project‑area affordable housing funds locally and use them strategically to produce entry‑level homes. Nut graf: The presenters framed the foundation as a vehicle for counties that receive tax‑increment set‑asides from project areas (for example, increment from large solar or industrial projects) to pool those funds, vet developer proposals and award grants that reduce the cost gap preventing developers from building smaller, attainable units. The plan is advisory — counties would choose to participate and retain local land‑use control — and the foundation had not yet received county funds or taken formal…
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