SALT LAKE CITY — For longtime Salt Lake City residents and newcomers alike, it’s a part of the housing crisis happening right before their eyes.
Instances abound these days of older, more affordable and often brick homes or duplexes that define many neighborhoods being demolished for apartment projects, with new dwellings rented at often-pricey market rates.
Major pockets of residential and commercial land across Utah’s capital are seeing face-lifts or the wrecking ball and new construction as land values rise and housing demand skyrockets. Many longtime property owners are selling to developers or building themselves.
City officials say there’s a wave of residents being displaced by this trend, needing aid from social service agencies in the form of rent, deposits and relocation assistance in the aftermath of new market-rate apartment construction.
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