New state loan fund and a regional tax‑increment tool aim to spur affordable for‑sale housing Speakers at a Utah League webinar described House Bill 492 (a repurposed $100 million revolving loan fund for infrastructure) and House Bill 507 (creating a Regionally Significant Development Zone that consolidates several tax‑increment tools and sunsets older programs by 2028), and outlined how cities can pair those tools with development agreements to support owner‑occupied starter homes.

Utah is shaking up housing development with a game-changing $100 million loan fund aimed at breaking down barriers for affordable, owner-occupied homes!

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