Housing (Housing Finance)

HB 492 creates the State Housing Infrastructure Partnership Fund and Board to provide loans for housing-related infrastructure projects. It directly affects municipalities, counties, and other qualifying local governments by authorizing the Board to issue loans from the $100 million fund to finance system improvements (like water systems, roads, or sewer facilities) that support housing construction. The bill requires loan recipients to prioritize projects including starter homes and transfers duties from the repealed Affordable Housing Infrastructure Grant Board to the new Board. It also establishes reporting requirements and rulemaking authority for the Board to manage the fund.

SB 277 expands Utah's Homes Investment Program to allow state-approved lenders to finance new housing types, including multi-family developments meeting affordability criteria, affordable rental projects, housing acquisitions, and city-run programs offering low-interest loans for home improvements to income-eligible homeowners. It removes limits on loan interest rates for developers and cities, and requires the state treasurer to conduct an economic impact study after the program ends. The bill directly affects developers, municipalities, and low-income homeowners seeking affordable housing options through expanded financing. It does not appropriate new state funds and aims to increase housing availability by broadening eligible projects under the existing program framework.

HB 436 modifies reporting requirements for municipalities implementing moderate income housing strategies and adds a new transportation priority. It requires municipalities to submit detailed annual reports tracking housing strategies, new home construction, and zoning changes, with stricter compliance standards for those without public transit stations. Crucially, it grants priority consideration for transportation projects if a municipality adds 2.5% or more new residential units annually. The bill affects all "specified municipalities" defined under Utah law, with no new state funding required. It takes effect May 6, 2026, and makes technical updates to existing housing reporting codes.