Utah § 10-21-402 Affordable home ownership density bonus for multi-family residential units.

Utah Statutes

§ 10-21-402 — Affordable home ownership density bonus for multi-family residential units.

Utah·Title 10 Utah Municipal Code·Ch. 10-21 Municipalities and Housing Supply·Part 10-21-4 Optional Tools for Municipalities to Promote Housing Supply

(1)As used in this section:

(1)(a) "Affordable housing" means the same as that term is defined in Section 10-21-401.

(1)(b) "Owner-occupier" means the same as that term is defined in Section 10-21-401.

(1)(c) "Qualifying affordable home ownership multi-family density bonus" means municipal approval of a density of at least 20 residential units per acre.

(2)If a municipality approves a qualifying affordable home ownership multi-family density bonus, either through a zoning ordinance or a development agreement, the municipality may adopt requirements for the qualifying affordable home ownership multi-family density bonus area to ensure:

(2)(a) at least 20% more residential units per acre than are otherwise allowed in the area;

(2)(b) at least 60% of the total units in the multi-family resi

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(1) As used in this section:
(1)(a) "Affordable housing" means the same as that term is defined in Section 10-21-401.
(1)(b) "Owner-occupier" means the same as that term is defined in Section 10-21-401.
(1)(c) "Qualifying affordable home ownership multi-family density bonus" means municipal approval of a density of at least 20 residential units per acre.
(2) If a municipality approves a qualifying affordable home ownership multi-family density bonus, either through a zoning ordinance or a development agreement, the municipality may adopt requirements for the qualifying affordable home ownership multi-family density bonus area to ensure:
(2)(a) at least 20% more residential units per acre than are otherwise allowed in the area;
(2)(b) at least 60% of the total units in the multi-family residential building be deed-restricted to owner-occupancy for at least five years;
(2)(c) at least 25% of the total units in the multi-family residential building qualify as affordable housing;
(2)(d) at least 25% of the total units in a multi-family residential building to be no larger than 1,600 square feet; or
(2)(e) the applicant creates a preferential qualifying buyer program in which a unit in a multi-family residential building is initially offered for sale, for up to 30 days, to a category of preferred qualifying buyers established by the municipality, in accordance with provisions of the Fair Housing Act, 42 U.S.C. Sec. 3601.
(3) A municipality may offer additional incentives in a qualifying affordable home ownership multi-family density bonus area for multi-family residential units to promote owner-occupied, affordable housing.

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