Salt Lake City is one of the fastest growing cities in the nation; this growth in population and employment supports a vibrant community in which many want to live and work, but it is increasingly becoming a city out of reach for many of our residents and workers. Developers are faced with limitations to building or rehabilitating more units in the City due to increased costs for land, site preparation, materials, and labor. This lack of units and rising demand increases both home prices and the cost of rent. To address this housing crisis Salt Lake City works closely with developers to encourage and facilitate innovative solutions to housing affordability, as outlined in Growing SLC: A Five Year Housing Plan, 2018-2022.