A new proposal in the Utah Legislature aims to address the state's affordable housing crisis by reallocating 25% of profits from state-controlled alcohol sales—approximately $28 million annually—to the Olene Walker Housing Loan Fund. This fund, established in 1987, provides low-interest loans and grants for affordable housing projects. Advocates, including Carin Crowe of Habitat for Humanity Greater Salt Lake, support the bill, emphasizing the potential to significantly expand affordable housing options. Despite the bill's potential impact, it has faced challenges in legislative committees, with some lawmakers expressing concerns about government involvement in housing markets. Supporters argue that the initiative could leverage additional funding and create over 1,300 affordable housing units, addressing a critical need for many Utah residents.
For more details, read the full article on Deseret News: Should Utah’s profits from selling alcohol help fund housing?
