Facebook Instagram Twitter Youtube
  • News
    • Campus
    • Local
    • World
  • Arts and Entertainment
    • Performing Arts
    • Visual Arts
    • Music
    • Film
    • Fashion
  • Lifestyle
    • Campus Happenings
    • Community Happenings
    • Food
    • Business
    • Travel
    • Calendar
  • Opinion
  • Sports
  • Video
    • Globe News
    • What’s Bruin
    • Bruin Lens
    • Film
    • Music
    • Globe Shorts
  • Radio
Search
32.9 F
Salt Lake City
Saturday, December 2, 2023
  • Newsletter Signup
  • Contests
  • About The Globe
    • Staff
    • Jobs
    • Issue PDFs
Facebook Instagram Twitter Youtube
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
The Globe The Globe
The Globe The Globe
  • News
    • Campus
    • Local
    • World
  • Arts and Entertainment
    • Performing Arts
    • Visual Arts
    • Music
    • Film
    • Fashion
  • Lifestyle
    • Campus Happenings
    • Community Happenings
    • Food
    • Business
    • Travel
    • Calendar
  • Opinion
  • Sports
  • Video
    • Globe News
    • What’s Bruin
    • Bruin Lens
    • Film
    • Music
    • Globe Shorts
  • Radio
Home News Campus SLCC is close to securing financing for on-campus housing
  • News
  • Campus
  • Features

SLCC is close to securing financing for on-campus housing

By
Giovanni Radtke
-
October 20, 2022
0
Northwest corner of the Student Center at Redwood Campus
Salt Lake Community College plans to add on-campus housing to its Taylorsville Redwood Campus. According to the SLCC Fact Book, the facilities at Taylorsville Redwood Campus have over one million combined square feet of space. (Jacob W. Erickson)

Salt Lake Community College is close to securing financing for its on-campus housing project following a delay in March.

The college planned for construction of student housing to begin on the Taylorsville Redwood Campus this spring, with an expected opening of fall 2023, but inability to secure an adequate investment package delayed the project.

“We are in the process of going back into the bond market to get financing for this project,” said Chris Martin, vice president of finance and administration at SLCC. “We are hoping the bond sale closes in late October or early November.”

Once financing is secured, the project can start moving again, Martin said.

The housing project comes amid a rise in housing prices across the Salt Lake Valley. Last year, rent costs in Salt Lake County rose by 10%, and the median home price rose by 25%, according to a study from the University of Utah Policy Institute.

A majority of students at two-year colleges, 52%, reported experiencing some form of housing insecurity in a 2020 survey conducted by The Hope Center for College, Community and Justice, and 29% reported not being able to fully pay for utilities.

“[Rising costs] makes planning stuff really hard,” said Joshua Cortez, an audio and video production student. “It’s understandable why a lot of young adults our age are not looking to buy housing, and [apartments] are more attractive because it’s cheaper overall.”

Completion of the housing project would place SLCC among the minority of two-year institutions nationwide that offer student housing. Only 28% of all community colleges currently do, according to the American Association of Community Colleges.

The Globe previously reported that the initial set of planned dorms at SLCC may include 350 to 400 beds for single students. However, school officials have not made a formal announcement thus far.

To help students who faced financial disruptions from the COVID-19 pandemic, SLCC introduced the Students in Crisis Fund, which the college continues to support, now called the Bruin Emergency Fund.

To learn more about the emergency fund, visit its SLCC web page.

  • TAGS
  • affordable housing
  • Chris Martin
  • Finances
  • Salt Lake Community College
  • student housing
  • Taylorsville Redwood Campus
Giovanni Radtke

RELATED ARTICLESMORE FROM AUTHOR

Aerial view of Utah during the winter season

With snow approaching, here are some tips to stay safe on the road

People holding cloth banners with handwritten messages and lit candles on a sidewalk

Salt Lake residents gather for 5th annual Harvey Milk vigil

HeLa cells showing microtubules (green), mitochondria (yellow), nucleoli (red) and nuclear DNA (purple)

SLCC to celebrate Henrietta Lacks’ contribution to science on Dec. 5

Two students standing beside a stone monument in South City Campus courtyard

SLCC celebrates Transgender Day of Remembrance with unveiling of stone monument

People dance around the center of a basketball arena

SLCC’s 2023 Round Dance celebrates the college’s Native community

The Globe
ABOUT US
About The Globe
Staff
Jobs
Issue PDFs
FOLLOW US
Facebook Instagram Twitter Youtube
  • About The Globe
  • Staff
  • Contact Us
  • Jobs
© 2023 The Globe