(1) A home ownership promotion zone shall promote the following objectives: (a) increasing availability of housing, including affordable housing; (b) promotion of home ownership; (c) overcoming development impediments and market conditions that render an affordable housing development cost prohibitive absent the incentives resulting from a home ownership promotion zone; and (d) conservation of water resources through efficient land use. (2) In order to accomplish the objectives described in Subsection (1), a municipality shall ensure that: (a) land inside the proposed home ownership promotion zone is zoned as residential, with at least six planned housing units per acre; (b) at least 60% of the proposed housing units within the home ownership promotion zone are affordable housing units; and (c) all of the proposed housing units within the home ownership promotion zone are deed restricted to require owner occupation for at least five years. (3) A municipality may restrict short term rentals in a home ownership promotion zone. (4) A municipality may not create a home ownership promotion zone if: (a) the proposed home ownership promotion zone would overlap with a school district and: (i) (A) the school district has more than one municipality within the school district's boundaries; and (B) the school district already has 100 acres designated as home ownership promotion zone within the school district's boundaries; or (ii) (A) the school district has one municipality within the school district's boundaries; and (B) the school district already has 50 acres designated as home ownership promotion zone within the school district's boundaries; or (b) the area in the proposed home ownership zone would overlap with: (i) a project area, as that term is defined in Section 17C-1-102, and created under Title 17C, Chapter 1, Agency Operations, until the project area is dissolved in accordance with Section 17C-1-702; or (ii) an existing housing and transit reinvestment zone. Renumbered and Amended by Chapter 94, 2026 General Session
‹ Prev All Utah sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.