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Senate advances housing‑loss mitigation bill; sponsors ask for fiscal review
Summary
Senate sponsors circled and discussed SB122, a state policy to inventory housing lost to state projects and require replacement or mitigation funding; debate focused on whether the bill applies only to state agencies, how replacement costs would be valued, and an unconfirmed fiscal estimate of about $4.4 million annually.
Senator Kitchen presented Senate Bill 122 as a low‑cost, supply‑side approach to preserve affordable housing when state projects remove units from the market.
"The point of SB122 is to preserve existing housing," Senator Kitchen said, outlining that the bill would require state agencies to inventory housing lost when projects (for example road widenings) displace housing and to replace units or support development through the Olene Walker Housing Trust Fund.
Kitchen said Salt Lake County’s vacancy rate…
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