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House advances $6 million for Utah Housing Trust Fund amid debate over larger appropriation
Summary
HB111 would appropriate funds to the Utah Housing Trust Fund to leverage private investment for affordable housing. Lawmakers debated an amendment to raise the requested amount from $6 million to $10 million and arguments focused on prioritization, leveraging, rural needs and whether the larger figure was realistic given other budget priorities; the House passed the bill and transmitted it to the Senate.
The Utah House debated House Bill 111, a proposal to appropriate funds to the Utah Housing Trust Fund aimed at expanding affordable housing options across the state.
Representative Adair, the bill sponsor, described a housing trust fund as a lever to attract private investment and to subsidize projects that fill gaps in affordable housing, particularly for low-income renters and rural areas. He cited leverage estimates and argued that a modest state…
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