The Sandy City Council held its second community housing workshop on July 22, 2025, from 5:15 PM to 7:36 PM. The meeting featured presentations from a developer, a regional planning agency, and a policy institute, followed by public comment and council discussion. The workshop is part of a four-part series aimed at developing an actionable plan to address housing affordability and accessibility in Sandy.
The council adjourned the meeting at 7:36 PM.
All right, everyone, we'll go ahead and call this meeting to order. So we are in our second installment of our housing workshops. Lynn Pace will be facilitating this meeting. So I will turn it over to him in just a moment. We do have three presenters this evening after the workshop concludes. Then we'll go ahead and take public comment and do our standing reports and then adjourn it. So Lynn, I'll go ahead and let you have it. Start with that. Oh okay. All right. Thank you. My name's Lynn Pace, I'm the city attorney, and I know next to nothing about housing. So that's why I'm an asked moderate, so I don't give it away. Thank you all for coming. Um we have three distinguished guests with us this evening. Um I assume they will be present be presenting in the order on this agenda. Um first leave dial, cowboy partners uh and cowboy properties. Uh Lee has been invited here to present the development perspective uh to understand more about the challenges that the development community encounters when they try to accomplish or try to help with housing. Um following that we will hear from uh Meg Pageant, who is community economic development director at Wasatchfront. Yes, you are seeing. Uh Meg, we're glad to have you here. Uh I spent a lot of time with Meg. So we should so and then we have Dayan Eskage. Did I get that right? Yes. Thank you. A senior research fellow at the Campus City Gardner Policy Institute. Uh as you know, the the Gardner Group does a lot of data gathering and education for uh information and education for various groups, including government. Tonight's meeting is intended to be primarily educational for us to understand better the nature of the challenges that exist in community and the state. Um we will of course be open to question and answer in this process. Um but this is this is meeting number two of what we think will be a four or five meeting process. Um two, I think the second one the education side button up a little bigger. Um other questions before we begin. Okay, thank you. Uh then Lee, let me turn the time over to you and we'll uh go from that. Okay. Okay, thank you. Okay, well, thanks for having me to come talk to you about affordable housing. And first off, I just want to commend you for even thinking about how to solve the solution of affordable housing. That's certainly not an easy one, and certainly one that have to roll up your sleeves and really think about to figure out how to make that happen. That's something that I think a lot of cities and the whole country are trying to think about because this is a problem that's just not unique to Sandy City or to Salt Lake County or Canada, but I think it's a problem that uh spurs like across the entire nation in terms of affordable housing. Uh why that is tonight. Uh so I'll go over a few slides and talk about why affordable housing is tough, and then uh feel free to ask any questions at the end to see if I can help the other web steps. So first thing I want to talk about is just the cost factors when we think about housing. Cowboy partners work primarily in a family for rent developer. Uh, but I think a lot of these uh items also apply to or sell uh developers, and so none of them will really surprise you, but we'll address each one of those but interest rates, construction costs, land costs, holding costs, and when I say holding costs, what I mean by that is when a developer goes in and they buy land and they also have to spend a lot of time in in just creating designs and plans, they have to work through cities, and so they're paying cost to hold up hold that land. Even if they even if they bought the land for cash, they're still holding costs in terms of returns because maybe they've invested their own cash into it. So whether it's investor outside investor cash or their own cash, there's still cost to holding that land. Uh connection and impact fees, and then of course, investor returns. So these are all factors that we think about as developers in terms of how do we make a project work and can we move forward with a project?