Press Releases

As the leading advocate for property owners and managers in Utah - the Rental Housing Assocation of Utah participates in many areas of the rental housing industry - including press releases on current news topics.

Press Release November 8, 2024

2024 Lifetime Achievement Award

Jenifer Ewoniuk, Cowboy Properties

For over 10 years Jenifer Ewoniuk served on the Board of the Utah Apartment Association. She was instrumental in the creation of the statewide association and served as its 4th Board Chair from 2006-2007 and served on multiple committees with the National Apartment Association.

Jenifer was a key player in the evolution and growth of the association. When she started on the board, membership was 450 members, representing 15,000 units. By the time she left the board in 2011, there were 4,000 members representing over 100,000 rental units.

“It can’t be understated Jenifer’s influence on the upward trajectory of this association. She was a key player in all of the decisions that took us to the next level and led to our legislative success and membership growth,” said Kirk Cullimore Sr, Esq., who served with Jen.

Congratulations Jen. We honor and Love you!

Press Release November 8, 2024

Groundbreaking Development Post District Receives Excellence in Housing Innovations Award, Setting New Standards in Urban Living

The Rental Housing Association announced today it has presented an Excellence in Housing Innovations Award to Post District, a groundbreaking new adaptive reuse community in Salt Lake City.

Developed by Lowe Property Group, Blaser Ventures, and Bridge Investment Group, Post District represents an ambitious reimagining of a 13-acre industrial zone in Downtown Salt Lake’s Granary District, transforming it into a dynamic mixed-use neighborhood that seamlessly merges residential, retail, and commercial spaces.

“It’s not often you get to build an entire neighborhood,” said Nick Gonzalves, Deputy Chief Investment Officer of Bridge Investment Group. “Post District is a testament to the power of sustainable, forward-thinking development to breathe new life into historic spaces.”

Post District’s 580 multifamily units span four distinct buildings— The Register, Post House North, Post House South, and 801 Flats— each catering to a range of lifestyles with options from studios to three-bedroom apartments, penthouses, and townhomes. High-caliber amenities, such as Utah’s largest fitness center, an indoor-outdoor pool deck with an infinity-edge hot tub, a golf simulator, and multiple rooftop lounges, make Post District one of the state’s most wellness-focused urban living environments.

Strategically located between 500 South and 600 South with direct access to I-15, Post District offers the convenience of city access with the comfort of a community-oriented neighborhood. The location also brings together a curated mix of culinary and retail offerings, including the acclaimed Urban Hill, Level Crossing Brewing Company, Urban Sailor Coffee, and the newly-opened Melancholy Wine & Cocktail Lounge. Post District is also the headquarters for Utah-grown Traeger Grills, with 500 jobs on site. With a pedestrian-friendly design and an expanding roster of highly-anticipated attractions, such as Sunday’s Best and Mensho Ramen, Post District continues to establish itself as Salt Lake City’s newest dining and social destination for residents and visitors alike.

The vision for Post District was to create a space that addresses the needs of modern residents while honoring the character and history of Salt Lake City. This project exemplifies a commitment to building a community that is as connected as it is dynamic.

Press Release November 8, 2024

The Rental Housing Association announced today it has presented an Excellence in Housing Innovations Award to the Worthington Residences, one of the newest high-rise communities to bring a transformative presence to the Salt Lake City skyline.

“The Worthington is an incredible asset to the Salt Lake City skyline and housing market. It’s an example of innovation and excellence and we are proud of the people and efforts that led to its development,” said Ryan Froerer, RHA Board Chair.

The Worthington Residences 31-story apartment tower is the tallest building east of the city's central downtown district and serves as a cornerstone within a dynamic neighborhood that is thriving with energy. Stepping into this vibrant community, you experience a dynamic blend of modern luxury and urban convenience, where catching a show at the Eccles Theater or exploring the diverse dining and shopping scene at City Creek Center becomes routine.

Each premier space at the Worthington is a testament to craftsmanship, merging functionality with beauty, and modern features with ultimate comfort. The 12th floor showcases a heated pool and spa, providing a serene oasis with panoramic views. Residents can stay fit and healthy in the state-of-the-art fitness center, unwind in the 24-hour steam room and sauna, or relax on the expansive exterior deck, complete with fire pits, grills, and outdoor TVs.

“As a developer, we pride ourselves on the assets we deliver to each market. We are intentional with design when it comes to both the interior and exterior elements. Our goal with the Worthington was to deliver a one of a kind product to the Salt Lake market that encompasses both aesthetics & best in class amenities” says Jessica Minton, Vice President of Convexity Properties – a DRW company.

The Worthington Residences offers sophisticated studios, 1-, 2- and 3-bedroom apartment homes with

expansive floor-to-ceiling windows that flood the living space with natural light, framing the stunning views. The floor plans extend to a living area outdoors with walk-out private balconies and patios. The stainless-steel appliances and quartz countertops add a touch of sophistication accompanying an already sleek design. Finally, the Worthington offers penthouse selections on the 30^th and 31^st floors, perched high above the city, with spectacular views of the Wasatch Mountains and the downtown skyline.

PRESS RELEASE - October 9, 2024

High Cost of Homeownership Drives Increased Demand for Rentals

SANDY (Sept. 30, 2024) – Building permits for new apartment units reached all-time highs during the COVID-19 pandemic. Now, many of those units are completed and coming online, according to the Rental Housing Association (RHA) of Utah.

In fact, approximately 12,000 rental units are expected to become available across Utah in 2024, according to experts at the RHA's 2024 Economic Forecasting Conference held last week.

“The high cost of homeownership is creating a stable demand for rentals,” said Paul Smith, executive director of the RHA. “The average rental rate in Salt Lake County is around $1,600, compared to a typical mortgage payment of $3,500 per month.”

Building permits for apartment units peaked in 2021 at 14,143 in Utah. However, this year, only an estimated 5,293 permits will be issued, reflecting a 63% decline, according to a report by the Gardner Institute at the University of Utah. To meet population growth, Utah requires at least 4,500 new rental units annually. From 2012 to 2022, Utah's population grew by 605,468 people—a 21.8% increase—according to the U.S. Census Bureau.

Between 2020 and 2022, Utah experienced record-breaking levels of rental construction. Now, the market is entering a period of correction, Smith added. In 2021, rental property vacancy rates dropped to just 2%. Today, overall vacancy rates have risen to 5% to 6%, which is still considered healthy.

In terms of housing types, duplexes to buildings with up to 19 units make up 39.1% of all rental households in Utah. Single-family homes and basement apartments account for 35.1%, while complexes with 20 or more units represent 22.7%. Other structures make up 3.1% of the total. In total, there are roughly 837,000 rental households in Utah, according to the U.S. Census Bureau.

About the Rental Housing Association of Utah

The Rental Housing Association of Utah is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. RHA represents roughly 3,500 rental operators and more than 160,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, RHA invites you to discover how membership can support you and your business.

PRESS RELEASE - December 18, 2023

In-Migration, High Interest Rates Push Demand for Rental Housing

SANDY (Dec. 18, 2023) – Utah continues to see record in-migration, increasing demand for rental housing, according to the Rental Housing Association (RHA) of Utah.

In 2022, Utah saw an influx of 91,341 new residents, most of whom came from California (18,669), according to a recent report by the Census Bureau. However, it's worth noting that the number of Californians moving to Utah in 2022 fell 20% from 23,219 in 2021. The report also showed that other states like Washington, Idaho, Texas, and Arizona played a big role in Utah's population growth in 2022. Here are the top states feeding Utah’s population growth:

California 18,669
Washington 8,845
Idaho 7,774
Texas 7,070
Arizona 5,357
Colorado 5,327
Nevada 3,549
Florida 3,025
Oregon 2,413
New York 2,236

“Demand for rental housing has never been higher,” according to Paul Smith, executive director of the RHA Utah. “Higher mortgage interest rates have sidelined many people from homeownership. This has placed even greater demand on all types of rentals.”

While high demand for rentals has pushed rents higher, there’s never been a worse time to buy instead of rent, according to The Wall Street Journal. “It is now 52% more expensive to buy a home than to rent one because of climbing mortgage rates,” the article stated.

Record migration combined with higher interest rates is making Utah’s housing shortage worse. In 2017, Utah had a housing shortage of roughly 56,000 housing units. By 2022, it was reduced to 28,000 units. However, by 2024 the deficit is projected to increase to around 40,000 units as new residential home production slows, according to the Kem C. Gardner Policy Institute.

In 2022, there were 14,236 authorized permits for multifamily units on the Wasatch Front (Salt Lake, Utah, Davis, Weber counties), down 25% from 19,081 permits in 2021. In the first half of 2023, just 5,782 permits were approved for multifamily housing (apartments, townhouses, condominiums).

About the Rental Housing Association of Utah
The Rental Housing Association of Utah is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. RHA represents roughly 3,500 rental operators and more than 160,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, RHA invites you to discover how membership can support you and your business.

PRESS RELEASE - November 27, 2023

Two Utah Companies Recognized for Excellence in Housing Innovations

SANDY (Nov. 27, 2023) – Two companies have recently received the prestigious 2023 Excellence in Housing Innovations Award from the Rental Housing Association (RHA) of Utah.

Wasatch Property Management secured the accolade for their outstanding achievement at Soleil Lofts, an exceptional Utah apartment community located in Herriman. This groundbreaking development has set a new standard by integrating batteries into every unit, all powered by solar panels on the rooftop.

"Wasatch Property Management has truly pioneered an innovative concept by collaborating with the local utility to transform Soleil Lofts into a cutting-edge solar storage facility. It efficiently harnesses surplus energy production for storage or utilization by the local utility, substantially reducing reliance on fossil fuels," said DJ Bruhn, the 2023 Chairman of the Board of Directors of the Rental Housing Association of Utah. "We take immense pride in Wasatch's exceptional work and in the fact that this remarkable development has found its home right here in Utah."

Each unit within Soleil Lofts operates on 100% electric power, while the community boasts an impressive array of over 100 electric vehicle charging stations. In the event of a power outage, the community's 12.6-megawatt battery system ensures uninterrupted power supply for several days, even when the sun isn't shining. Furthermore, the buildings have been meticulously designed to optimize energy efficiency, leading to substantial savings on utility costs for its residents.

Cowboy Partners, on the other hand, received recognition for their achievement with Liberty Sky Apartments, which marks Salt Lake City's maiden high-rise apartment community. This 21-story apartment tower boasts a total of 278 units and features five parking decks, all skillfully constructed on just over an acre of prime downtown Salt Lake City real estate.

"Liberty Sky represents a groundbreaking concept and a notable accomplishment within the Utah market," Bruhn said. "Cowboy Partners has raised the bar significantly for new apartment communities."

Each unit at Liberty Sky offers residents 10-foot-high concrete ceilings and shear walls. This architectural design, combined with floor-to-ceiling glazed storefronts, delivers an unobstructed connection to the expansive outside vistas, without any intervening drywall or other structural elements. This design philosophy enhances the perception of spacious living, even within the most compact studio apartments.

PRESS RELEASE - February 15, 2023

Utah Eviction Filings in 2022 Rise from 2021, But Lower than Pre-Covid Years

SANDY (Feb. 15, 2023) – There were 6,335 eviction filings in Utah in 2022, 39.5% higher than 4,542 filings in 2021, but 11% lower than pre-pandemic eviction rates from 2017-2019 (7,137 annual average filings), according to the Rental Housing Association (RHA) of Utah.SANDY (Feb. 15, 2023) – There were 6,335 eviction filings in Utah in 2022, 39.5% higher than 4,542 filings in 2021, but 11% lower than pre-pandemic eviction rates from 2017-2019 (7,137 annual average filings), according to the Rental Housing Association (RHA) of Utah.

“Utah saw an increase in evictions in 2022 due to a winding down of federal and state rental assistance programs and a lack of affordable housing,” said Paul Smith, executive director of the RHA. “Utah has very few evictions compared to surrounding states.”

According to EvicitionLab.org, neighboring states like Colorado, Nevada, Arizona, and New Mexico see annual eviction filing rates three to four times higher than those in Utah.

“Most evictions happen because renters cannot or do not pay their rent,” a report by EvictionLab.org stated. “Landlords can evict renters for a number of other reasons, too, including taking on boarders, damaging property, causing a disturbance, or breaking the law.”

Despite a growing population, eviction rates have fallen in Utah for more than 10 years (see graph below). In 2012, roughly 3% of renter households received an eviction filing. At the height of the pandemic (2020 and 2021), eviction rates fell to 1.3%, primarily due to rental assistance programs. In 2022, the eviction rate was 2%, still below the 2.3% eviction rate before the pandemic.

According to EvictionLab.org, Utah’s eviction filing rate is the 37th lowest eviction rate of the 46 states that release eviction numbers. Typically, about half (51%) of Utah eviction filings end in an eviction, according to data from the Utah Bar Foundation.

Through Covid funding that was issued by the U.S. Congress, the state of Utah received approximately $344 million for rent-relief programs. As of Dec. 31, 2022, Utah had paid $287 million in rental assistance.

“Demand this year has been so high the state shut down their application portal in early February and aniticipates the money will be exhausted by the end of March,” Smith said. “These funds have lasted nearly three years and have assisted thousands of Utah families across the state.”

What should renters do if they get an eviction notice?

“The most important thing renters need to do if they get an eviction notice is take it seriously and communicate with the landlord immediately,” said DJ Bruhn, 2023 RHA Board Chair. Bruhn added that most landlords will work with renters, but it is essential to communicate and start resolving the issues immediately.

Utah has an eviction prevention program through Utah Community Action. There are four full-time eviction prevention specialists available to help renters connect with resources. They can be reached by phone at 801-214-3109 or email (mediation@utahca.org). Renters can also call 211 to be connected to housing resources.

What should renters do if they are struggling to pay rent?

If a renter cannot pay, the best resolution is to avoid legal action that will result in a judgement and damage to their credit. “Evictions are costly for both landlords and tenants, and we all want to avoid them if possible,” Bruhn said. “Resolving your case before it goes to court is best for everyone.”

Here are five tips when struggling to pay rent:

Take inventory of personal resources: savings, credit cards, selling assets.
Ask friends and family for help.
Turn to your church and community. Many churches and community organizations pay one month’s rent if asked. They can also help renters create an action plan to get back on their feet.
Look into government resources: rent assistance, government benefits, etc.
Vacate the property.

“The worst thing a renter facing eviction can do is ignore it,” Bruhn added. “Evictions can be avoided by moving out if a renter can’t pay. Landlords dislike doing evictions. They are a last resort and only deployed when renters refuse to engage and resolve issues.”

About the Rental Housing Association of Utah

PRESS RELEASE - January 23, 2023

Utah Apartment Association Changes Name to Rental Housing Association of Utah

SANDY (Jan. 23, 2023) – The Utah Apartment Association (UAA) has now become the Rental Housing Association (RHA) of Utah. The association represents and advocates for more than 3,500 rental operators in Utah.SANDY (Jan. 23, 2023) – The Utah Apartment Association (UAA) has now become the Rental Housing Association (RHA) of Utah. The association represents and advocates for more than 3,500 rental operators in Utah.

“This name change articulates more effectively who RHA serves,” said DJ Bruhn, 2023 RHA Board Chair. “Members range from large apartment operators who manage more than 10,000 units to independent rental owners who operate a single-family rental home, and all size operators in between.” Rental housing operators in Utah are diverse. While apartment communities are the leading component of Utah rentals, more than one-third of Utah rental units are single-family homes. Thousands of Utahans self-manage their own single-family rentals. Many new corporate management companies focus solely on single family rentals. In addition, other companies are developing “single family for rent” communities.

“The RHA has advocated for balanced landlord tenant law in Utah and superior treatment of renters,” said Paul Smith, Executive Director of the association for more than 20 years. “This rebrand emphasizes that we serve not only apartment operators, but also rental housing operators of all types.”
Smith added RHA has worked with tenants’ groups and cities over the past 20 years to create more balanced laws and guidelines. RHA helped change state law to allow cities to license all rental operators and created a “Good Landlord” training program to help small operators understand laws and best practices.

RHA has also worked with the Utah Housing Coalition on a variety of issues over the years to enhance both landlord and tenant rights. Smith says this partnership resulted in several unique and revolutionary rights for Utah tenants. Five achievements for tenants have been:

Rights for victims of domestic violence to get out of their contracts.
Tenant ability to repair and be reimbursed for repairs if landlords don’t respond to specific state notices and processes.
Required that require disclosure of all rental fees and other expenses when renters are applying for housing.
A right for certain evicted tenants to have the eviction expunged upon satisfaction of the judgment.
Habitability standards for rental housing and best practices for treatment of renters in state statute.
Smith said the association has over 3,500 members that represent 160,000 rental units in Utah. More than half (56%) of RHA’s members own and operate 1-9 rental units each. The rest are apartment management companies, single-family home management companies, and suppliers to rental housing professionals.

Since 1934, rental housing operators in Utah have had associations advocate on their behalf and provide education and networking. These associations have had a variety of names. In 2001, several local associations merged into a statewide association called the Utah Apartment Association. In late 2022, the UAA became RHA.

About the Rental Housing Association of Utah

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - April 29, 2022

One-Third of Utah’s Housing Units are Rentals; Private Owners Account for 77% of Utah’s Total 305,000 Apartment Units, Institutional Investors Make Up 7% of Share

SANDY (April 29, 2022) – The Utah Apartment Association (UAA) said today that renter households comprise nearly one-third of Utah’s 1.05 million housing units – roughly 305,000 rental units (29%).

Approximately 58.5% of renter households are family households, according to a report commissioned by UAA and authored by Dejan Eskic, senior research fellow at the University of Utah. Single-person households account for 28% of renters, and 14% are households with roommates that are not related.

“Utah historically is known for being a dominant homeownership market,” said Paul Smith, executive director of the UAA. “It is the only state whose ownership rate has never dropped below 60%. Still, a significant portion of Utah’s population are renters, about 25% (~830,000).”

Of the 305,000 rental units in Utah, 35% are single-family units, 22% are in apartment structures with five to 19 units, 18% are in structures that have two to four units, 11% are in structures with 50 or more units, 11% are in structures with 20 to 49 units, and 3% are mobile homes or other.

Close to two-thirds of Utah’s apartment units are owned by companies based in Utah, 35% are based out-of-state but in the United States, and approximately 2% are registered, foreign owners. The foreign owners are primarily based in Canada, Europe, Japan, and the Middle East. U.S.-based out-of-state owners are primarily located in California and own an estimated 21% of the apartment units. Both Washington and Florida-based owners account for 2% of the units each.

Utah’s apartment market is dominated by private owners, accounting for 77% of units. Institutional owners account for just over 7% of the share. Other owners (government, non-profit, corporate users, and religious entities) make up 7% of total ownership. Private equity firms own nearly 5% of Utah’s apartment units. Real estate investment trusts (REITS) own just 1%. Unknown owners account for 3%.

As of the first quarter 2022, there are an estimated 1,550 private/individual owners in Utah who own 2,420 buildings that account for just under 170,000 units. About 76% of owners have a portfolio size of fewer than 100 units.

About the Utah Apartment Association

The Utah Apartment Association (UAA) is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. We represent roughly 3,500 rental operators and more than 132,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, we invite you to discover how membership with the UAA can support you and your business.

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - February 25, 2022

Salt Lake City Rents are Rising, but Remain Below National Levels

SANDY (Feb. 25, 2022) – The Utah Apartment Association announced today that Salt Lake City’s median asking rent prices remained below national levels as inflation reached its highest level in 40 years.

In February, Salt Lake City’s median rent for a one-bedroom apartment unit was $1,270, a 13.4% increase year over year, according to Zumper’s February National Rent Index. A two-bedroom unit rose to $1,590, a 13.6% increase from February 2021. Nationally, rent for a one-bedroom unit increased to a high of $1,393, while a two-bedroom unit climbed to $1,708.

Salt Lake City’s median asking rent price ranked No. 43 highest of 100 U.S. metropolitan areas, the report noted. Salt Lake City’s rent was cheaper than other western cities like Boise, Idaho; Dallas; Fresno, Calif.; Gilbert, Ariz.; and Denver.

“Unfortunately, inflation is affecting nearly all aspects of consumer life, especially shelter,” said Brad Randall, Board Chair of the Utah Apartment Association. “We remind renters that have incurred significant costs due to the pandemic and are experiencing housing instability that they may be eligible for rental assistance if they have a combined household income at or below 80% of area median income. More information is available at rentrelief.utah.gov.”

While Salt Lake rents have increased dramatically, the price of homes has increased more. The typical mortgage payment on a median price single-family home in Salt Lake County increased to $3,043 in 2021, according to a report by the Salt Lake Board of Realtors®.

About the Utah Apartment Association

The Utah Apartment Association (UAA) is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. We represent roughly 3,000 landlords and more than 132,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, we invite you to discover how membership with the UAA can support you and your business.

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - February 1, 2022

Utah Landlords House Afghan Refugees

SANDY (Feb. 1, 2022) – The Utah Apartment Association announced today that it is helping Afghans who are relocating to Utah who fled after the Taliban takeover last summer.

Roughly 885 Afghans are being resettled in Utah, according to the Utah Refugee Services Office. Most Afghan refugees have secured housing. However, another 100 housing units are still needed.

“We are proud of the many housing providers who have stepped forward and are housing Afghan refugee families,” said Paul Smith, executive officer of the Utah Apartment Association. “They embody the true spirit of Utah housing providers.”

Refugees work with a government agency to secure housing, typically a market-rate apartment for rent. Federal funding will help cover housing and basic needs for their first two years in the United States. Utah has a robust program to help refugees become established, learn English, and find good jobs.

“We still need more landlords willing to provide housing for Afghan arrivals,” Smith added. “We encourage anyone who has an available rental to reach out to the association, and we will connect you to the refugee aid agencies.”

The Utah Apartment Association is made up of nearly 3,000 members that own and manage 132,248 rental units.

Additional funding is in place to cover any security or damage concerns that may come from housing a refugee household. For more information or to make a private donation to help new Afghan arrivals visit: https://www.utahcf.org/afghan-response.

According to Naja Pham Lockwood, founder and CEO of RYSE Media Ventures and a Park City resident, the world is facing one of the worst refugee crises since World War II. “There are 64 million displaced people. Less than 1% come to the United States,” she said. “Utah is a state that has embraced and continues to embrace refugees.”

About the Utah Apartment Association

The Utah Apartment Association (UAA) is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. We represent roughly 3,000 landlords and more than 132,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, we invite you to discover how membership with the UAA can support you and your business.

###

Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - October 25, 2021

Eviction Filings Drop by Double-Digit Percentages in September and Third Quarter

SANDY (Oct. 25, 2021) – The Utah Apartment Association today said that despite predictions of a rental housing eviction spike, evictions filings in Utah are still significantly lower than before the pandemic.

According to eviction records from the Utah State Courts, there were 524 eviction filings in September, down 22% from the 672 filings in September 2019. Furthermore, eviction filings in the third quarter of 2021 fell to 1,307 filings, down 31% compared to 1,883 filings in the same period in 2019. Eviction filings were not compared to 2020, which was an anomalous year.

“If there was going to be a month with an increase in eviction filings, it would have been September,” said Paul Smith, Executive Director of the Utah Apartment Association. “In August, the U.S. Supreme Court finally put a stop to 12 months of unconstitutional eviction bans promulgated by the CDC.”

In the three years prior to the Covid-19 pandemic, Utah averaged 7,100 eviction filings a year. In 2020, there were only 4,787 eviction filings, a reduction of 33% from the three-year average. This year, from January through September, there have been just 3,282 eviction filings.

Smith added that the drop in eviction filings is due to hundreds of millions of dollars in rental assistance made available to Utah households through federal Covid relief funding. The state of Utah reports it has spent just over $70 million of the nearly $400 million it received.

“Since March of 2020, Utah has seen nearly 5,000 fewer evictions thanks to rental assistance funding and landlords and tenants working with each other,” Smith said. “We are happy to report that concerns that this pandemic would lead to more evictions and that ending the eviction moratorium would create a spike in evictions have now been proven wrong. Landlords are working with tenants to apply for rental assistance, and responsible tenants are getting funding and keeping their housing.”

About the Utah Apartment Association

The Utah Apartment Association (UAA) is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. We represent more than 2,500 landlords and over 105,000 units. Our members range from basement apartment owners to large management companies. If you are in any way involved with the rental housing industry, we invite you to discover how membership with the UAA can support you and your business.

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - September 23, 2021

Median Rent is Rising at Roughly Half the Rate as Home Prices

SANDY (Sept. 23, 2021) – The Utah Apartment Association today said that rent prices are rising in Utah, but at roughly one-half the rate as home prices.

The median rent in Salt Lake County increased to $1,389 in June, up 12% year over year, according to Realtor.com. In contrast, the median home price (all housing types) across Salt Lake County climbed to $455,000 in the second quarter, up 23% from the second quarter of 2020, according to UtahRealEstate.com.

“While rent increases can be difficult to absorb, the typical monthly mortgage in Utah soared to $2,547 in June,” said Holly Sanford, Board Chair of the Utah Apartment Association. “Many rental owners made a compassionate and deliberate decision during the pandemic to not raise rent in 2020. Renters don’t like increases, but compared to homeownership, renting is more affordable.”

Salt Lake County’s median rent in June was lower than many other western U.S. cities, including: Las Vegas ($1,397); Phoenix ($1,590); Portland ($1,645); Denver ($1,820); Sacramento ($1,821); and Seattle ($1,910). In the 50 largest metropolitan areas, the median rent in June was $1,575, up 8% year over year, the Realtor.com report noted.

Real estate research firm Costar predicts that between 2021 and 2025 Salt Lake rent will increase about 4-7% per year, much less than it did in 2021. With the economy currently in an inflationary period, rental operators and renters should continue to expect modest increases in rent going forward, Sanford added.

A report by CBRE, a commercial real estate firm, said rent increased 1.4% in Utah in 2020. Salt Lake County had the lowest 2020 rent growth at just 1%.

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - August 31, 2021

Utah Rental Assistance Program Working Well, Fewer Renters Behind on Rent

SANDY (Aug. 31, 2021) – The Utah Apartment Association announced today that Utah evictions are projected to stay at lower-than-normal levels, despite a ruling last week by the Supreme Court that ended a national moratorium on evictions.

In Utah, $48 million – of $212 million allocated for rental assistance – has been given to tenants. The difference ($164 million) will be distributed by the September 2022 deadline. An additional $200 million will be available between September 2022 and September 2027.

“Roughly 4,000 renters, or 1.3% of Utah’s 300,000 rental households, received eviction notices last year,” said Paul Smith, executive officer of the Utah Apartment Association. “Last year’s evictions were about 40% lower than a typical year. Because of ongoing federal rental assistance programs, we expect Utah eviction filings to remain low for the foreseeable future. Few renters are currently behind on rent.”

Here’s a breakdown of Utah’s rental assistance money so far:

A total of 17,009 rental households have received an average of $2,862 assistance in 2021. That is about 5% of the 300,000 rental households in Utah.

There are two ways renters can get assistance:

First, renters can apply directly at www.rentrelief.utah.gov or work through a community partner agency like the Community Action Network. As of August, 12,395 renters have applied directly through the website. Approval times typically took 18.6 business days. The average benefit per household was $2,208.

The second way renters can receive funding is by applying through their landlord. In 2021, 4,614 households that applied through their landlord received an average benefit of $4,621. Approval took 9.9 business days.

“Renters who are applying through their landlord are receiving more than twice as much assistance in about half the time,” Smith added. “This is likely because landlords better understand the benefits renters are eligible for and ask for more than renters do on their own.”

If tenants are eligible, the program will cover rent that is past due and pay for future rent as well. Since most households who have received funds are eligible through September 2022, it is likely that the entire $212 million of first-round rental assistance will be utilized.

About the Utah Apartment Association

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

PRESS RELEASE - July 29, 2021

Utah Eviction Filings Down 44% in the First Six Months of 2021

SANDY (July 29, 2021) – The Utah Apartment Association stated today that eviction filings in the first six months of 2021 fell to 1,975, down 44% compared to the same six-month periods for 2017-2019. Eviction filings were not compared to 2020, which was an anomalous year.

“Eviction filings are down primarily due to renters taking advantage of assistance programs to help them pay rent,” said Paul Smith, executive director of the Utah Apartment Association. “More than $60 million in rental assistance has been paid directly to landlords since the Covid crisis began, and more than $150 million in federal money is still available for Utah renters facing economic hardship. This money has helped hundreds of Utah families pay their rent. It has made many evictions unnecessary.”

According to the Utah Department of Workforce Services, renters are eligible for rental assistance if they have a combined household income at or below 80% of area median income, have qualified for unemployment benefits, experienced a reduction in income or incurred significant costs due to the pandemic and are experiencing housing instability.

Smith says the federal eviction moratorium by the CDC played a small role in eviction reduction but will end on July 31. That moratorium required renters make partial payment and apply for rental assistance. Renters who did neither of those things could still be evicted, as could renters who committed criminal activity or violated lease agreements. “Because most renters with balances have received rental assistance, we don’t expect a spike in evictions in August,” Smith added.

Utah eviction filings may increase in the second half of 2021, Smith said, but the increase will likely be minimal. “Rental assistance to Utah renters will continue through September of 2022, so most low-income renters who need help will get it,” Smith added. “Utah’s private sector is in an aggressive hiring push. Signing bonuses and higher wages are being offered by many employers to fill jobs.”

Utah began providing rental assistance in April 2020 to keep Utah residents in their homes during the pandemic, despite job loss or other financial impacts, according to the Utah Department of Workforce Services. Approximately $25 million in rental assistance was paid through December 2020. Congress then created the Emergency Rental Assistance program to continue providing rental assistance through September 2022. As of June 2021, this program has distributed $35 million to rental assistance. Utah has a centralized distribution portal –

www.rentrelief.utah.gov . Renters can apply themselves or through their landlords.

About the Utah Apartment Association

The Utah Apartment Association (UAA) is a non-profit trade association designed to protect, educate, connect, and grow the rental industry in the state of Utah. We represent more than 2,500 landlords and over 105,000 units. Our members range from basement apartment owners to large international management companies. If you are in any way involved with the rental housing industry, we invite you to discover how membership with the UAA can support you and your business.

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Dave Anderton | Public Relations

Anderton Group Inc.

dave@daveanderton.com | 801.707.0090

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As the leading advocate for property owners and managers in Utah - the Rental Housing Assocation of Utah participates in many areas of the rental housing industry - including press releases on current news topics.

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