HB 364

State Land Use Enacted Legislation

Bill #	State	Year	Party	Topic
HB 364	UT	2023	R	Affordable housing incentives and financing, Enforcement, Planning Requirements

Provided by Furman

Summary

Requires local governments with a fixed guideway public transit system to implement a minimum of five moderate income housing strategies, as opposed to the three required of other local governments.

Requires local governments to submit annual progress reports on their moderate income housing strategies, including identifying barriers to implementation, and allowing such local governments to appeal a determination of noncompliance by the Housing and Community Development Division in relation to their moderate income housing reports.

Requires the Department of Workforce Services to report annually on expenditures authorized by the Utah Housing Preservation Fund.

Allows state low-income housing tax credits to be allocated, by pass-through, to certain business entities; increasing the annual allocation of low-income housing tax credits to $10,000,000 from 2023 to 2028; allowing a taxpayer to claim a state low-income housing tax credit before final certification from the Utah Housing Corporation in certain circumstances; and requiring the Legislature to conduct reviews of the annual allocation of state low-income housing tax credits by the Utah Housing Corporation.

Provided by lawmakers