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To lower the cost, cities must build more housing
+ Brandon Fuller
Brandon Fuller, Deputy Director of the Marron Institute, recently argued in The Salt Lake Tribune that Salt Lake City should take a two-pronged approach to its fledgling housing affordability crisis: legalizing multi-family housing citywide and using tax-increment finance to fund the construction and preservation of low-income housing.
Salt Lake City faces two housing affordability challenges: The first, housing people with insufficient income to house themselves, is common to many U.S. cities. The second, ensuring that market-rate housing remains affordable to middle-income residents, is restricted to cities where desirable amenities and plentiful job opportunities drive strong growth in housing demand. Though these different challenges require different policy solutions, they share a common starting point: building more housing.