Vote Smart's Synopsis:

Vote to concur with house amendments and final pass a bill that establishes a statewide building code for modular homes in the state of Utah.

Highlights:

• Defines terms and definitions regarding affordable housing (Sec. 1). 

• Authorizes a statewide building code for modular building units (Sec. 1). 

• Amends the membership of the Olene Walker Housing Loan Fund Board by adding a member representing the interests of modular housing (Sec. 1). 

• Amends provisions related to reinvestment fee covenants or transfer fee covenants (Sec. 1). 

• Amends provisions of the First-Time Homebuyer Assistance Program (Sec. 1). 

• Authorizes a municipality or county to create a home ownership promotion zone of 10 acres or less (Sec. 1). 

• Specifies the purposes and requirements of a home ownership promotion zone (Sec. 1). 

• Authorizes a home ownership promotion zone to capture tax increment for up to 15 consecutive years to finance the objectives of the home ownership promotion zone S(ec. 1). 

• Authorizes the creation of a home ownership promotion zone to be included in a municipality or county's moderate income housing plan (Sec. 1).

Full Bill Text