
08/04/2025
Rent is falling in Salt Lake City. It's actually causing an issue for developers of Affordable housing.
LIHTC developers now say they're competing with market-rate developers after a decade+ of apartment-building has begun to drive down rent in the capital city. Read PART 1 of two today, only on BSL:
Developers say the high number of new market-rate units have caused rent prices to fall and compete with affordable housing projects.