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Senate advances affordable housing bill with $35.3 million fiscal request, funding details and rural set-aside debated
Summary
Senate debate centered on first substitute SB 39, which would create policy changes and requests roughly $35.3 million in initial funding for gap financing, preservation, rental assistance, and rural technical assistance; the bill passed second reading and was read for a third time after floor discussion about rural distribution and fiscal priorities.
Senators debated first substitute Senate Bill 39, a multi-part affordable housing package that the sponsor presented as the result of two years of multi-stakeholder work. The bill combines policy changes with an immediate funding request and program design intended to expand and preserve affordable housing across Utah.
Sponsor remarks described the bill’s major funding requests and policy elements: $15 million in gap financing intended to be leveraged…
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