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Officials review HTRZ tool and how Ogden might use it at Union Station and Capitol Square
Summary
City staff explained Housing and Transit Reinvestment Zones (HTRZ) as a tax-increment financing tool tied to transit stops, outlined affordability and density thresholds, and identified Union Station and the former Rite Aid block (Capitol Square) as potential local candidates.
Jared Johnson, community economic development for Ogden City, gave a detailed overview of Housing and Transit Reinvestment Zones and how the city might use them to support transit-oriented affordable housing.
Johnson said the statutory framework ("title 63 n chapter 3 part 6") defines HTRZ affordable housing and sets local requirements. "The affordable housing percentage requirement says that at least 12% of the total units must be affordable, and this must include at least 9% of the units have to be at 80% AMI, and at least 3% have to be at the 60% AMI," Johnson said. He noted that local…
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