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Changes to HTRZ rules; HB535 and a $100M housing infrastructure fund highlighted
Summary
Changes to Housing and Transit Reinvestment Zones (HTRZ) require earlier property-owner implementation agreements and allow limited extraterritorial owner-occupied affordable housing; House Bill 535 tightens public-notice rules for property dispositions and House Bill 492 establishes a $100 million housing infrastructure loan program.
Carson Eers summarized several other enacted measures that will affect local redevelopment practice.
HTRZ changes: Housing and Transit Reinvestment Zones (HTRZ) may now span multiple light-rail or bus-rapid-transit stations (up to 250 non-contiguous acres within distance limits) and include retroactive implementation obligations. Eers said approved HTRZs must enter agreements with property owners to identify necessary densities and start entitlement or participation agreements as soon as possible; if two years pass without those agreements, projects must return to the approving committee to report status. HTRZ provisions also permit using increment to support owner-occupied affordable housing outside the core zone under specified density and affordability conditions.
HB535 (property disposition): The bill requires additional public notice for real-property dispositions (sales or long leases over 10 years). For parcels under $500,000, a conspicuous physical sign must be posted; for parcels over $500,000 additional website posting and a public meeting announcement are required. The law exempts easements, cemetery plots and similar conveyances.
HB492 (housing infrastructure): The Legislature created a $100 million state housing infrastructure partnership program (a revolving low-interest loan fund) to help local governments finance infrastructure supporting owner-occupied affordable housing; Salt Lake County received a separate grant program for county-specific infrastructure needs.
Eers advised local officials to review existing HTRZ and disposition practices, update governing documents and prepare for forthcoming implementation guidance and rulemaking.
