Utah affordable housing projects get $10 million from the Legislature

The Utah Legislature has passed a bill intended to address Utah’s lack of affordable housing, though with a substantial trim in the spending originally sought by its chief sponsor.Early in the 45-day legislative session, SB39 called for $35.3 million in new cash for low-interest loans to housing developers and for rental assistance for struggling families. That spending got slashed Tuesday to $10 million.The bill now puts $5 million instead of $15 million toward the so-called gap financing