Utah Housing Corporation CEO David Damschen Resigns
The president and CEO of the independent state entity plans to step down following a leadership transition agreement.
Updated on Oct. 23, 2026 in Residential
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Utah Housing Corporation president and CEO David Damschen has submitted his resignation. He will continue to lead the organization until a replacement is identified through a nationwide search.
Why it matters
The leadership change arrives as the state agency manages critical programs for low-income homeownership and multifamily development amidst challenging market conditions. The board and Damschen mutually agreed that a transition period is necessary to guide the organization forward.
The outgoing CEO earns an annual salary exceeding $300,000. Meanwhile, current mortgage rates in Utah remain above 7%.
The players
David Damschen
He is the outgoing president and CEO of the Utah Housing Corporation who has led the agency since 2021.
Harris Simmons
He serves as the board chair for the Utah Housing Corporation following his appointment in June 2026.
Utah Housing Corporation
This is an independent state entity that manages programs for multifamily development and homeownership assistance.
The details
Damschen has served as the leader of the independent state entity since May 2021. The corporation is responsible for administering several housing programs, including initiatives for first-time homebuyers and low-income residents.
Timeline
May 2021: David Damschen began his tenure as president and CEO.
June 2026: Harris Simmons was appointed as board chair.
October 23, 2026: The resignation of the CEO was announced.
Culture Shift
This transition occurs as the state grapples with housing affordability challenges that have historically defined the mandate of the Utah Housing Corporation's multifamily housing tax credit program. The leadership change highlights the evolving administrative approach to state-sponsored housing initiatives.
The change in executive leadership will not immediately alter the availability of existing first-time homebuyer or low-income ownership programs. Residents looking for housing assistance should continue to utilize standard application channels while the board completes its search.
The takeaway
Leadership transitions in state housing authorities often signal a shift in strategic priorities for regional development and affordability initiatives. Homebuyers should monitor updates from the board regarding potential changes to program eligibility or application procedures.
Further reading
For more information on market trends in the region, visit Utah Residential.
Live Poll
Do you believe state housing programs effectively increase homeownership opportunities in your community?
