Utah Offers Incentives for Affordable Housing Construction

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Housing News

Utah,Affordable Housing,Construction Loans

Utah's government is providing $300 million in low interest construction loans for developers who build affordable "starter" homes priced below $350,000. However, concerns arise about the size and location of these homes in a market where median prices are much higher.

Gov. Cox and the Utah Legislature are offering $300 million in state money funneled through banks as low interest construction loans for developers who commit to building "starter" homes priced below $350,000.

However, in Utah's housing market where median prices are around $500,000, it raises questions about the size and location of these affordable homes.

 

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