Salt Lake City approves $6.4M to help working families buy homes, not just rent

For years, Salt Lake City’s housing conversation has centered on rising rents, apartment construction and the growing cost of simply staying in the city.

Now, city leaders say they want to tackle a different part of the affordability crisis: homeownership.

The Salt Lake City Community Reinvestment Agency on Tuesday approved nearly $6.4 million to support affordable homeownership projects across the city, backing townhomes, single-family homes and shared-equity models designed to help lower- and moderate-income families buy into a market many say has become increasingly out of reach…

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