63N-23-503. Applicability, requirements, and limitations.

325 words·~1 min read·/ut/title-63n/chapter-23/63n-23-503

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/6/2026

(1)A home ownership promotion zone shall promote the following objectives:

(a)increasing availability of housing, including affordable housing;

(b)promotion of home ownership;

(c)overcoming development impediments and market conditions that render an affordable housing development cost prohibitive absent the incentives resulting from a home ownership promotion zone; and

(d)conservation of water resources through efficient land use.

(2)In order to accomplish the objectives described in Subsection

(1), a municipality shall ensure that:

(a)land inside the proposed home ownership promotion zone is zoned as residential, with at least six planned housing units per acre;

(b)at least 60% of the proposed housing units within the home ownership promotion zone are affordable housing units; and

(c)all of the proposed housing units within the home ownership promotion zone are deed restricted to require owner occupation for at least five years.

(3)A municipality may restrict short term rentals in a home ownership promotion zone.

(4)A municipality may not create a home ownership promotion zone if:

(a)the proposed home ownership promotion zone would overlap with a school district and:

(A)the school district has more than one municipality within the school district's boundaries; and

(B)the school district already has 100 acres designated as home ownership promotion zone within the school district's boundaries; or

(A)the school district has one municipality within the school district's boundaries; and

(B)the school district already has 50 acres designated as home ownership promotion zone within the school district's boundaries; or

(b)the area in the proposed home ownership zone would overlap with:

(i)a project area, as that term is defined in Section 17C-1-102 , and created under Title 17C, Chapter 1, Agency Operations, until the project area is dissolved in accordance with Section 17C-1-702 ; or

(ii)an existing housing and transit reinvestment zone.

Renumbered and Amended by Chapter 94 , 2026 General Session