Utah SB0221 amends housing and transit reinvestment zone laws, redefining terms and modifying requirements and limitations.

Utah SB0221 amends the Utah Code to redefine terms like "base year" and "extraterritorial affordable housing" in housing and transit reinvestment zones. It modifies requirements and exceptions for boundary adjustments, approval of investment zone proposals, and provisions regarding existing community reinvestment projects. The bill also makes technical and conforming changes to ensure alignment with the objectives of these zones, including promoting higher utilization of public transit, increasing housing availability, and improving efficiencies in parking and transportation.

Utah SB0221 amends housing and transit reinvestment zone laws, redefining terms and modifying requirements and limitations.

Utah SB0221 amends the Utah Code to redefine terms like "base year" and "extraterritorial affordable housing" in housing and transit reinvestment zones. It modifies requirements and exceptions for boundary adjustments, approval of investment zone proposals, and provisions regarding existing community reinvestment projects. The bill also makes technical and conforming changes to ensure alignment with the objectives of these zones, including promoting higher utilization of public transit, increasing housing availability, and improving efficiencies in parking and transportation.