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Provo officials ask state lawmakers to boost penalties, limit investor holdings and expand buyer aid to increase owner-occupied housing
Summary
Provo City staff and councilor George Handley urged state partners to allow stronger local penalties for illegal rental conversions, give cities more development-agreement authority, limit investor ownership concentrations, and expand first-time buyer benefits to essential workers to increase owner-occupied housing.
Provo City officials laid out a package of legislative requests and city strategies designed to increase owner-occupied, attainable housing and curb investor-driven rental conversions.
Councilor George Handley and city staff described three core obstacles driving the shift away from owner-occupancy: a high rental share (handouts cited roughly 62% rental dominance), an affordability gap because incomes in Provo are lower than many neighboring communities, and rising median home prices. "We have an affordability issue in Provo," Handley said, adding that many local households cannot reach the price points of the current market.
City staff asked state lawmakers for several specific changes. Presenter Rachel…
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