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What Ogden officials learned about 'Fizz' — the First Home Investment Zone
Summary
Staff explained the First Home Investment Zone (FIS or 'Fizz'), its affordability and owner-occupancy rules, density requirements, and the limits on tax-increment capture; presenters cautioned that some numeric caps require statutory confirmation.
At the work session Jared Johnson described the First Home Investment Zone (FIS), sometimes called the 'Fizz,' as another state tool municipalities can use to promote owner-occupied and for-sale housing.
Johnson said the FIS rules appear in state code ("title 63 n chapter 3 part 16") and outlined core requirements: at least 25% of homes in a FIS must be affordable, with at…
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