Report To The Utah Legislature - A Performance Audit Of The Division Of Housing And Community Development - 2012 Page 21

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Figure 2.4 OWHLF Has Contributed To an Increasing Number
of Housing Projects. This has occurred over the last six fiscal
years.
1,200 
1,000 
800 
600 
400 
200 
‐
FY05
FY06
FY07
FY08
FY09
FY10
Multi‐family units
Single‐family units
Source: Division of Housing and Community Development
Despite $2.2 million being spent on the land in South Salt Lake in
fiscal year 2007, the number of housing units OWHLF contributed to
increased that year and the following year. The division’s decision to
land-bank the South Salt Lake property appears to have had no
negative effect on the division’s ability to contribute to low-income
housing projects primarily because of its large reserves.
Because HCD and the OWHLF helped fund other low-income
housing projects during the five years that the South Salt Lake
property has been inactive, the demand by people in chronic
homelessness was being addressed. The division currently considers
this property as essentially a part of their reserve funds. They
anticipate knowing within the next two years whether they will need
this property to help eradicate chronic homelessness. If, as they
expect, the units in progress are sufficient to cover that need, they
intend to sell the land.
Office of the Utah Legislative Auditor General
11

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