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Salt Lake County Moderate Income Housing Plan

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Salt Lake County Moderate Income Housing Plan DRAFT Salt Lake County | Moderate Income Housing Plan Contents Executive Summary ....................................................................................................................................... 4 Background ............................................................................................................................................... 6 Summary of Findings................................................................................................................................. 7 Fair Housing Equity and Impediments Action Plan ................................................................................. 11 Introduction ................................................................................................................................................ 14 Plan Structure ......................................................................................................................................... 14 Purpose of the Plan ................................................................................................................................. 14 Planning Context ..................................................................................................................................... 15 Regional Planning Context ...................................................................................................................... 15 Community Background ......................................................................................................................... 15 Glossary of Terms................................DRAFT.................................................................................................... 16 Affordable Housing Methodology .............................................................................................................. 20 Targeted Income Groups ........................................................................................................................ 20 Monthly Housing Allowance ................................................................................................................... 21 Affordability Thresholds .......................................................................................................................... 22 Copperton ................................................................................................................................................... 24 Summary ................................................................................................................................................. 24 Population & Demographics ................................................................................................................... 25 Current Housing Stock ............................................................................................................................ 41 Current Affordable Housing Availability and Need ................................................................................. 49 5-Year and 10-Year Population Projections ............................................................................................ 57 Forecast of Affordable Housing Need ..................................................................................................... 59 Emigration Canyon ...................................................................................................................................... 60 Summary ................................................................................................................................................. 61 Population & Demographics ................................................................................................................... 62 Current Housing Stock ............................................................................................................................ 78 Current Affordable Housing Availability and Need ................................................................................. 86 5-Year and 10-Year Population Projections ............................................................................................ 94 Forecast of Affordable Housing Need ..................................................................................................... 96 Kearns ......................................................................................................................................................... 97 1 Zions Public Finance, Inc. | February 2017 Salt Lake County | Moderate Income Housing Plan Summary ................................................................................................................................................. 97 Population & Demographics ................................................................................................................... 98 Current Housing Stock .......................................................................................................................... 113 Current Affordable Housing Availability and Need ............................................................................... 121 5-Year and 10-Year Population Projections .......................................................................................... 132 Forecast of Affordable Housing Need ................................................................................................... 134 Magna ....................................................................................................................................................... 135 Summary ............................................................................................................................................... 135 Population & Demographics ................................................................................................................. 136 Current Housing Stock .......................................................................................................................... 152 Current Affordable Housing Availability and Need ............................................................................... 159 5-Year and 10-YearDRAFT Population Projections .......................................................................................... 170 Forecast of Affordable Housing Need ................................................................................................... 172 Millcreek ................................................................................................................................................... 173 Summary ............................................................................................................................................... 173 Population & Demographics ................................................................................................................. 174 Current Housing Stock .......................................................................................................................... 190 Current Affordable Housing Availability and Need ............................................................................... 198 5-Year and 10-Year Population Projections .......................................................................................... 209 Forecast of Affordable Housing Need ................................................................................................... 211 White City ................................................................................................................................................. 213 Summary ............................................................................................................................................... 213 Population & Demographics ................................................................................................................. 214 Current Housing Stock .......................................................................................................................... 230 Current Affordable Housing Availability and Need ............................................................................... 236 5-Year and 10-Year Population Projections .......................................................................................... 244 Forecast of Affordable Housing Need ................................................................................................... 246 Unincorporated Islands ............................................................................................................................. 247 Summary ............................................................................................................................................... 247 Population & Demographics ................................................................................................................. 248 Current Housing Stock .......................................................................................................................... 260 2 Zions Public Finance, Inc. | February 2017 Salt Lake County | Moderate Income Housing Plan Current Affordable Housing Availability and Need ............................................................................... 268 5-Year and 10-Year Population Projections .......................................................................................... 275 Forecast of Affordable Housing Need ..................................................................................................
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