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House approves education‑housing redevelopment tool with school‑district opt‑out
Summary
Third substitute Senate Bill 230 creates an "education housing development" authority to encourage high‑density student housing near colleges and universities; local school districts may opt out of tax increment financing. The House passed the bill after members raised local concerns and several declared conflicts of interest.
Representative Alexander, sponsor of third substitute Senate Bill 230, told the House the proposal creates an "education housing development" mechanism similar to a redevelopment agency but without eminent domain and with a specific allowance for local school districts to opt out of tax‑increment financing. Alexander said the concept grew out of university‑area housing pressures in Provo and elsewhere and is intended to…
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