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Council hears follow‑up on housing program funds, tenant/homeowner loan fund and NOAH preservation pilot
Summary
Salt Lake City staff on July 8 presented policy recommendations to centralize housing program funds into a tenant and homeowner loan fund and described three proposed programs: home repair, an expanded community land trust, and a NOAH preservation pilot.
Salt Lake City staff on July 8 presented final policy recommendations for the city’s housing program funds, including a new tenant and homeowner loan fund, adjustments to budgeting and reporting standards, and three program proposals: home repair, a community land trust (CLT) program with city‑issued mortgages, and a pilot program to preserve naturally occurring affordable housing (NOAH).
The policy would centralize program income and create a self‑replenishing loan fund to support city‑operated programs and subrecipient projects. Tammy Hunsaker, director of Community and Neighborhoods, described the proposed loan fund and the administrative structure: a housing program funds loan committee would approve funding…
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