SALT LAKE CITY — Utah’s capital city wants to spend millions of additional dollars toward its growing affordable housing stock.
The Salt Lake City Community Reinvestment Agency issued a notice on Monday, letting developers and other housing builders know that it has over $14.4 million in funding for affordable housing projects available for distribution.
$8 million is coming from its Housing Development Loan Program , a low-interest loan program to rehabilitate existing buildings into housing, including $2.4 million for projects delivering units designated for people making 30% of the area median income or less.
The other $6.4 million is to Salt Lake City’s Residential Wealth Building Pilot Program , which allows affordable housing renters the ability to receive a share of equit

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