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Subcommittee hears several housing proposals, from AforDA revolving loans to Habitat and shared‑equity pilot
Summary
The committee heard multiple affordable‑housing funding requests: AforDA asked for $500,000 one‑time plus $250,000 ongoing for a land‑acquisition loan fund; Utah Habitat asked for $5 million to support shovel‑ready homeownership projects; a market‑based co‑investment Homeium pilot requested corrected seed funding (transcript shows $2,000,000).
Multiple presenters asked the subcommittee for state support to accelerate affordable housing across Utah, describing distinct but complementary approaches.
Afforda (AforDA) representatives said their revolving land‑acquisition loan fund leverages significant private bank participation and multiplies every state dollar by an estimated 3:1 in private match. Eli Willis and Dan Adams described past performance of a 2015 $2.5 million appropriation that funded 17 land…
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