Gardner Business Review: What Rapidly Rising Prices Mean for Housing Affordability
The Housing Gap Coalition is in direct response to a new study, commissioned by the Salt Lake Chamber and conducted by the Kem C. Gardner Policy Institute, which shows the rate that housing prices are increasing in Utah will threaten our cost of living, economic prosperity and quality of life. Unchecked, average Utahns will be priced out of our housing market in 26 years. Already, Utah housing is more expensive than some of our top competitor cities in economic development.
The study shows that actionable steps can be taken like:
- Adopting zoning that allows for a variety of housing types and prices, meeting the needs of Utahns at all stages of life.
- Improving cost-prohibitive impact and permit fees.
- Supporting multi-use land development.
To read the full report, Click Here.