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League asks for local examples to support HB492: statewide revolving loans and Salt Lake County grants to unlock housing

Utah League of Cities and Towns — Legislative Policy Committee · February 23, 2026

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Summary

Staff asked members to submit examples where infrastructure (water tanks, sewer) blocks housing so the League can advocate for House Bill 492, a proposal for a $100M statewide revolving loan fund and $140M in Salt Lake County grants to finance system improvements that unlock housing units.

League staff briefed attendees on House Bill 492, a proposal that would create an infrastructure vehicle to unlock planned housing units. Staff described the draft as contemplating a $100 million statewide revolving loan fund and a $140 million grant pool dedicated to Salt Lake County, noting the county's existing bondable dollars made that set-aside possible.

Staff urged cities to forward local examples of projects — for instance, water tanks or sewer upgrades that, if funded, would unlock housing units currently stalled by infrastructure constraints. "If there's a way to get these water tanks built, that in turn unlocks all of these housing units the city has planned for but are stuck for reasons outside of your control," a presenter said and asked members to share examples so the League could connect them with reporters and legislators.

Next steps: staff asked cities to contact the League with local examples and to contact their House members in support of the measure; staff said media inquiries were beginning and requested that cities coordinate story leads through League staff.