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For the Birds

November 25, 2024/in Living Here: Urban Utah Blog /by Babs De Lay

I promise this is the last column about high rises here for a while. As an avid bird watcher, I know what a danger skyscrapers are to our avian friends due to reflections and lights at night. Most folks don’t realize that Utah is in multiple migratory bird flyways, including the Pacific and Central Flyways, which are crucial to so many species of birds that fly to and from our state each spring and fall.

Birds stop in Utah to rest up and refuel on their journeys north to Canada and south to Mexico, Central and South America each year, many stopping in and around such water sources as Gunnison reservoir, Utah Lake, the freshwater arm of the Great Salt Lake and Bear Lake. There are tens of thousands of them that pass through our state like avocets, stilts, curlews, phalaropes, sandpipers but also finches, waxwings, sparrows, juncos, hummingbirds, crows, raptors, etc. Sadly, it is estimated that up to a billion birds die every year from them flying into buildings and skyscrapers at full speed of 20-30 MPH because they see a reflection of trees or greenery that looks safe, or reflections of clouds that appear harmless in the day or are attracted by light.  In 2023 a Eurasian Eagle Owl escaped from the Central Park Zoo and became the darling of New Yorkers who looked to the skies to see ‘Flaco’ land on window sills, rooflines and decks around the city.  For a year he was dubbed the ‘Manhattan Mascot’ by his fans until he crashed earlier this year into a glass-wrapped building and died.

Luckily there are two international trends that are helping to save our bird friends, but I’m not sure any of these good intentions and changes to building materials are being pushed for here in Utah. Citizens in other areas around the world have gotten some cities to recognize this threat to birdlife and have gotten cities like Chicago. Over 1000 birds died in one night in Chicago, flying into the McCormick Center that had been all lit up.   We can help by turning off building lights at night, as that’s when most birds migrate. Developers and owners of buildings downtown love to light up their structures at night and some even add color themes-all of which change bird behavior and cause bird deaths. In Dallas, Houston and Forth Worth they have turned off more than half of the building lights downtown each night, saving thousands of birds from a violent crashing death and saving electricity.  Also, there’s a new glass material for high rises being used around the world that has patterns in it that you can’t see from the street, but the birds do and thus they avoid flying into the buildings that have this kind of glass.  It’s about time our major cities in our state start reviewing codes and permits for high rise construction and advocate for our birdlife here.

https://urbanutah.com/wp-content/uploads/madison-oren-hcj90TOBW58-unsplash.jpg 1480 2220 Babs De Lay https://urbanutah.com/wp-content/uploads/urban-utah-new-logo-whole2.png Babs De Lay2024-11-25 13:22:572024-11-25 13:22:57For the Birds

Affordability

November 12, 2024/in Living Here: Urban Utah Blog /by Babs De Lay

Utah’s housing supply is still facing several challenges with not too much hope in sight. Housing supply drives affordability, so like any commodity, when the supply is low, prices are high. Housing production in Utah has been declining for years, from 37,000 housing starts in 2021 to 19,000 in 2023. Estimates for 2024 are that we won’t beat 2023’s numbers.

Why why why is this happening?  Labor shortages: Builders say that labor shortages are a major factor in the lack of new homes. Damn, and after the hottest summer on record who is seeking out roofing jobs, exterior painting, window installs and the like? Land prices: High land prices like we’ve never seen before. Zoning laws: Municipal zoning, fees, and regulations. Home prices: Home prices in Utah are high and wages are not keeping up with housing costs. Housing affordability: Utah is trending as one of the least affordable states to buy a home.

In an attempt to increase the supply of “attainable” homes, the Utah legislature created new tools to encourage new home prices around $350,000 to $450,000. HB527 allows for the Transportation Investment Fund to create a three-year program to offer low-interest loans to developers building affordable housing developments in the state by allowing the State Treasurer to tap into $300 million from the state’s already existing funds. Sadly, that price range is rare along the Wasatch Front, and according to the Wasatch Front MLS there are only 1,290 homes listed for sale statewide under an offering price of $450,000, 139 in Salt Lake Co., 62 in Davis Co., and 75 in Utah Co.  Summit Co. has 8 homes offered under that price point, 6 in Wasatch Co., and there are 96 in Washington Co. in the St. George area.

This summer the U.S. Treasury Secretary Janet Yellen unveiled several housing proposals this summer, including a $100 million fund to Community Development Financial Institutions to assist in helping finance new housing projects around the country, and a plan to reduce the costs of state and local housing finance agencies that would allow them to borrow federal money as the same rate as the federal government that will help more FHA loans. She called on the 11 Federal Home Loan Banks to devote 20% of their net income to housing programs around the country, to help with down payment assistance for buyers as well as getting loans to developers.

We’ve got about two months until the Presidential election. The two major candidates have vast ideas to help solve the U.S. housing crisis. Both believe state and local regulations are what causes prices to rise and each are touting fixes like offering federal tax credits of $25,000 for new homebuyers and getting millions of federal dollars out into communities that are struggling most with affordability. If you thing affordable housing is an important issue, please VOTE this November. Register to vote at: www.secure.utah.gov/voterreg

 

 

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Presidents and Prices

November 7, 2024/in Living Here: Urban Utah Blog /by Babs De Lay

In a month we’ll learn who the new president of the United States will be, unless…?  I don’t want to go down that road of conspiracy theories but wanted to add some facts to the age old question, “Do president elections effect the housing market?”

According to the data keepers at the National Assn. of REALTORS, when it’s an election year for the CEO of the country, sales in November go down 9.4% VS in years where there isn’t an election sales go down by 9.8%.  Newsweek magazine interviewed chief investment officer at mortgage lender New American Funding who said “There is certainly a human element to housing prices and mortgage rates. As a result, election years can bring more volatility to prices and rates than in non-elections years. However, those moments of volatility are fleeting.”

Both candidates are promising to cut inflation, increase the housing supply, and cutting interest rates. We’ve just had a major half point reduction two weeks ago by the FED, which is saving buyers a bit on mortgage interest and credit card rates. People forget that a year ago rates were at 8% for an average home loan and now they are hovering in the low 6% area. No one can cut inflation pressures quickly but increasing affordable housing will help what he calls a “frozen, mostly unaffordable market.”

The market will respond to how we all vote in November because if we as individual voters like the outcome we’ll go out and buy things, like cars, houses, furniture, appliances (big ticket items). There is no evidence though that presidential elections have a huge impact on home prices. According to CoreLogic who has collected data since 1988, prices rose an average of 4.5% during the fall of non-election years compared to 4.4% in years with a presidential election.

I don’t care WHO you vote for, as long as you do vote and participate in our democratic process. In Utah, you can register at vote.org/register-to-vote/utah on line if your information is received by 5 PM 11 days before election day. It’s the same deadline for registering in person, but if you’re registering by mail, you must make sure your registration is received by that same time 11 days before an election. You can also register on election day. To register in Utah you must be a citizen of the U.S., have resided for 30 days before the election and live in the precinct in which you are registering to vote, be 18 years old by election day, not be convicted of certain felonies, treason or have been found to be mentally competent by a court of law.

For information on ALL Utah candidates, go to the League of Women Voters of Utah website: www.lwvutah.org. They offer non-partisan data on all those running for office in this year’s election in November. I won’t see you at the polls because I trust my mail-in ballot and the post office!

https://urbanutah.com/wp-content/uploads/VOTE-scaled.jpg 1707 2560 Babs De Lay https://urbanutah.com/wp-content/uploads/urban-utah-new-logo-whole2.png Babs De Lay2024-11-07 12:31:452024-11-07 12:31:45Presidents and Prices

More More More

November 1, 2024/in Living Here: Urban Utah Blog /by Babs De Lay

A few weeks ago, I wrote about high rises here and yet another one has been making the news as of late. Developer Harbor Bay Ventures is wanting to plop a 14-story high rise on the corner of 1100 East and 2100 South in Sugar House where the current Wells Fargo sits, smack dab in the middle of what’s become for some a traffic nightmare. On one hand the out of state developer’s reps say that the building would add value to the community, reduce the need for parking stalls and increase mass transit use and relieve traffic. They are cheeky enough to be asking the city for what is known as ‘spot zoning’ to approve their idea, which is basically illegal in my opinion as they are asking for different and extreme zoning compared to the surrounding zones. Such a request tends to only favor the property owner who can convince local authorities that what they want to build will be a great asset, whereas the change in zoning could increase car traffic, and decrease the value of nearby properties.

Don’t’ get me wrong, I’m in favor of more housing options as we’re in a housing crisis city and state-wide however I haven’t heard anything from the developer that the project will be dedicated to affordable housing. One long term Sugar House community council volunteer spoke up against it to say “All the rich people will live here”. The Planning and Zoning Commission voted NOT to approve the new zone with Commission Barry stating that the plan would increase traffic congestion, exceeding utility capacity, and the project has a perceived lack of overall community benefit. They did chime in that the developer should come back with a better plan that they may approve in the future.

Pull back the microscope from Sugar House to the County and we find that the County Council voted last week to consider purchasing a new government center in Midvale. The County complex on 2100 South State is 40 years old and it’s estimated it would take at least $225 million to update and renovate the buildings on that site for future needs. They are hoping to purchase a newer home which was Overstock’s offices in Midvale for @$55 million. That makes sense as it’s a more central location for County residents to use, being near a TRAX station and the I-15 freeway. What would happen to the old County Government Center? That too could become a potential high rise development if the land was sold.

I would love to see the County invest in more senior housing options and the current site could potentially allow for 500+ senior apartments, a need that few are talking about these days. Those on fixed incomes /social security are really having an impossible time finding affordable housing options, and much of the County’s inventory of senior housing is quite old, and the wait for some of their units is quite long.

 

https://urbanutah.com/wp-content/uploads/high-rise-scaled.jpg 2560 1440 Babs De Lay https://urbanutah.com/wp-content/uploads/urban-utah-new-logo-whole2.png Babs De Lay2024-11-01 11:30:072024-11-01 11:30:07More More More

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