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Senate passes housing and transit reinvestment bill to encourage high-density affordable housing near commuter rail
Summary
First Substitute Senate Bill 217 passed the Senate after substitution. The measure authorizes housing and transit reinvestment zones around FrontRunner stations to encourage high-density affordable housing and amenities; sponsor said the substitute includes a cap on tax increments and has local-government support.
Sen. Harper moved and explained the first substitute to Senate Bill 217, the Housing and Transit Reinvestment Zone Act. The substitute incorporates technical changes requested by Salt Lake County and GOED and clarifies a cap on tax-increment financing available to projects. According to the sponsor, the bill authorizes…
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