Salt Lake Tribune
An article posted January 6, 2021 in the Salt Lake Tribune talks about the proposed government funded workforce housing that will cost Park City 30 million dollars and still not reach the AMI levels Highland Flats is proposing.
Attached below is the Regional Housing Needs Assessment from May 2019. It states the need for an affordable rental product in Park City and Summit County. Highland Flats brings a product to market that fulfills the needs deemed most desperate: AMI under 30%
Area Median Income (AMI)
One of the metrics of affordable housing is the AMI. The Median income of Summit County as of 2019 is 76,860. 1/3rd of the units at Highland Flats will be affordable to those making 50% of the Median income.
2020 Moderate-Income Housing Report
Jeff Jones, Summit County’s Economic Development Director and his department released this report highlighting the need for moderate income housing.
Community Social Equity Strategic Plan
Park City Community Foundation, in partnership with Park City Municipal Corporation, has taken a leading role to further the vision of a complete community where everyone has access to opportunities and is respected, included, and empowered.