S.B. 208 - Housing and Transit Reinvestment Zone Amendments

Better Utah Position

– Support

Year

2024

Bill Status

– Did Not Pass

Summary

Increases the housing affordability requirement of a housing and transit reinvestment zone from 10% affordable to 12% affordable, and requires that up to 9% must be affordable at less than or equal to 80% AMI, and at least 3% must be affordable at less than or equal to 60% AMI; requires housing and transit reinvestment zone proposal to include a housing affordability plan, which may include deed restricted units, to ensure maintained affordability throughout the entire zone term; promotes and encourages owner-occupied housing to the objectives of a housing and transit reinvestment zone.

Passed in Senate and House

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