SALT LAKE CITY (News4Utah) – The housing market is skyrocketing and the high costs are forcing more Utahns out. Experts say it will only get worse if something isn’t done about it.
Vice President of Government affairs Abby Osborne and President and CEO Derek Miller both with the Salt Lake Chamber stop by Inside Utah Politics to discuss the latest efforts of the Housing Gap Coalition.
“We do have a looming crisis. It’s not quite a crisis yet, but it’s a crisis on the horizon and if we don’t get out in front of it, we could become similar to California with out of control housing costs. That not only impacts business and talent recruitment but also the quality of life here in the state of Utah,” said Miller.
For the first time in the last 40 years, Utah has more households than available housing.
“It’s essentially driving up prices and when we look across the board at how the actual housing gap has increased, if we leave this unaddressed we really will be paying San Francisco prices in the next generation,” said Osborne.
They both agree however that there are multiple things that can be done to address this issue.
” At the top of the list is local zoning ordinances. We have elected representatives through a Democratic process and we hope that they will lead with information, with facts and with research that is part of our effort to give them that information and help them to have those facts so they can go back to their communities and talk about issues and why they may need to consider new zoning ordinances and why more high-density housing is something to look into,” Miller said.
They also talk about their action plan and how they expect to execute some of these solutions.