Published April 28, 2021 at 9:21 AM MDT Listen • 5:05
/ A new report from Utah housing advocates shows the state could lose 40% of federally subsidized rentals for older adults by 2045. This story and more in the Wednesday morning news brief.
Wednesday morning, April 28, 2021
State
A new report from Utah housing advocates shows the state could
lose 40% of federally subsidized rentals for older adults by 2045. Otelo Reggy-Beane with the Utah Housing Coalition authored the report. He said subsidized units are being converted into market-rate spaces, and that forcing seniors to relocate can “negatively impact their physical and mental health and increase their likelihood of experiencing homelessness.” Reggy-Beane said many older people rely on fixed incomes, and with current housing prices, that’s not enough to afford market-rate rent. He recommended that state and local governments dedicate funds to preserving senior housing.
Utah seniors could see huge drop in affordable housing over next decade
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Utah Development Receives Financing
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David Damschen resigns as Utah treasurer
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SALT LAKE CITY Utah State Treasurer David Damschen announced Monday he will step down from his elected position later this month to lead the Utah Housing Corporation.
Damschen, who was re-elected in November, will leave office on April 30 after serving as the state treasurer since 2015, state officials said. I am grateful for the opportunity I have had to serve as treasurer of our great state, Damschen said in a statement. It has been an honor and a privilege to work alongside other state leaders to ensure Utah remains a leader in the nation for its broad fiscal and economic strength, to provide resources to empower Utahns to achieve financial and economic success and to protect individual property rights.