April 30, 2021
SALT LAKE CITY - A new report warns that thousands of Utah seniors could lose their housing unless federal and state officials act to preserve existing senior housing subsidies.
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The report, produced by AARP Utah, says over the next several years, millions of dollars in tax credits and block grants are set to expire, pushing vulnerable seniors out of affordable rental properties.
AARP Utah State Director Alan Ormsby said unless the rents are stabilized, property owners would be forced to charge current market rates, which could displace older people on fixed incomes.
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"In Utah, we are in a statewide affordable housing crisis," said Ormsby. "If the state loses over 40% of its federally subsidized rental units for low-income seniors over the next 25 years, more than 15% of those units could be lost by 2030."