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Lehi planners hear proposal to trade density for deed‑restricted, lower‑priced homes; questions linger over comparables and enforcement

Lehi City Planning Commission · December 5, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

At a Dec. 5 Lehi City Planning Commission hearing, staff and a home‑builder presented an ‘attainable homeownership overlay’ that would let developers increase density in exchange for selling some homes at least 20% below comparable prices; commissioners and public commenters supported the goal but pressed staff on how comparables, deed restrictions and enforcement would protect existing homeowners and ensure developers honor price commitments.

Lehi City Planning Commission members on Dec. 5 heard more than two hours of testimony, public comment and commissioner questions on a proposed Attainable Homeownership Overlay Zone that would allow developers to seek higher residential density in exchange for legally recorded commitments to sell a share of homes at a reduced price.

Britney, the staff presenter, said the proposal grew from more than a year of work with city staff, council members and private developers and framed it as a response to rising local housing costs. She cited figures compiled by Jason Harris using Census and MLS data, saying Lehi’s 2023 median household income was about $107,000 (which she used to estimate a 100%‐affordability price of roughly $480,000) and that 2023 MLS sales showed a median single‑family sales price of about $655,000. She also showed a 2024 snapshot of far fewer active listings and substantially higher asking prices, noting the numbers were pulled earlier and might change.

Under the overlay as described, a landowner or developer could apply for additional lots or units in exchange for a development agreement that would include a ‘target price’ for certain homes. The ordinance would set a minimum discount (20% below comparables in staff…

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