Utah competition seeks big solutions to affordable housing

Source: Salt Lake Tribune — 

The affordable housing crisis isn’t unique to Utah, but Utah may be the place to bring solutions together.

A national rent report from Zumper indicates the cost of rent is rising nearly twice as quickly as it was last April. The U.S. Department of Housing and Urban Development’s March report noted housing insecurity is up more than 11% from 2021. Despite the uptick in rental and home prices, that same report notes inflation-adjustment incomes actually fell more than 2% since last year.

Ivory Innovations, a nonprofit organization housed at the University of Utah, aims to promote innovative solutions to the nation’s housing affordability challenge in three areas: construction and design, finance, and public policy and regulatory reform.