Utah's housing crisis: Single-family homes and luxury apartments won’t solve Utah’s housing shortage alone.
Matt Stringham preapres to show the "Fonzi apartment" at a home at The Pines in Midvale on Wednesday, Dec. 1, 2021. The three homes that make up this Ivory Homes development in Midvale have secondary apartments, or accessory dwelling units .This story is part of The Salt Lake Tribune’s ongoing commitment to identify solutions to Utah’s biggest challenges through the work of the Innovation Lab.
“Landlords have 26 ideal potential tenants and you don’t always win,” said Tessa. “It just feels like luck at this point.” The lack of varied housing types has hindered the progress to fill the 45,500 unit shortage, according to the Utah Foundation. In order to close the gap, more adaptable housing, such as townhomes, duplexes and mother-in-law suites, need to be a larger percentage of Utah’s housing stock.
“Do we really need McMansions?” questioned Teigen. “Do we still need, you know, 3,500 square feet for four people?” He was striking out until he came across an experimental property by Utah real estate developer Ivory Homes. As a test case, Ivory Homes, a sponsor of The Tribune’s Innovation Lab, built The Pines, a small three-unit development with an attached ADU included.
Matt Stingham, the marketing director for Ivory Homes envisions “a young couple or working professional,” renting out the spare unit, also referred to at the “Fonzi apartment,” a reference from the hit TV show ‘Happy Days.’ Motzkus may live in the ADU and rent out the home. Either way, the rent revenue would help Motzkus pay down his roughly $3,000 mortgage payment.
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