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House approves $100 million revolving loan to help fund infrastructure for planned housing
Summary
Third Substitute House Bill 492 passed 61–8; sponsors said a $100 million revolving loan facility will finance water, sewer and road capacity to unlock entitled housing units that are not currently being built.
The Utah House passed Third Substitute House Bill 492 on Tuesday, advancing a proposal sponsors described as a tool to unlock housing that is already entitled but not being built because of missing capacity infrastructure.
Representative Roberts, sponsor of the bill, said the state will set up a $100 million revolving loan facility that cities and counties can apply to for infrastructure projects—such as water…
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