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State Land Use Enacted Legislation
| Bill # | State | Year | Party | Topic |
|---|---|---|---|---|
SB 39 |
UT | 2020 | R | Affordable housing incentives and financing, Tax Increment Financing |
Provided by Furman
Summary
- Allows Community Reinvestment Agencies to use money from the Olene Walker Housing Loan Fund to acquire, construct, or rehabilitate income targeted housing outside of a community if located along or near a major transit investment corridor that services the community and allowing agencies to combine housing allocations if they execute an interlocal agreement.
- Allows a qualified taxpayer to assign a special low-income housing tax credit certificate to another person through written notice to the Utah Housing Corporation.
- Appropriates $10,000,000 to the Olene Walker Housing Loan Fund, with up to $5,000,000 for gap financing of private activity bond financed multi-family housing and up to $5,000,000 for matching private dollars for the preservation or construction of affordable housing units for low-income individuals.
Provided by lawmakers
Bill Title
Affordable Housing Amendments
Related resources
Enacted Legislation Related Posts
Research and analysis from the Furman Center on this and related housing policy topics.
