63N-24-203. Moderate income housing plan reporting requirements.

238 words·~1 min read·/ut/title-63n/chapter-24/63n-24-203

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

Effective 7/1/2026

(1)As used in this section:

(a)"Affordable housing" means, as determined by the division, the number of housing units within a county or municipality where a household whose income is at or below 50% of area median income is able to live in a unit without spending more than 30% of the household's income on housing costs.

(b)"County" means the unincorporated area of a county.

(c)"Low-income housing" means, as determined by the division, the number of Section 42, Internal Revenue Code, housing units within a county or municipality.

(d)"Municipality" means a city or town.

(a)On or before October 1 of each year, the division shall provide a report to the office for inclusion in the office's annual report described in Section 63N-1a-306 .

(b)The report shall include:

(i)an estimate of how many affordable housing units and how many low-income housing units are available in each county and municipality in the state;

(ii)a determination of the percentage of affordable housing available in each county and municipality in the state as compared to the statewide average;

(iii)a determination of the percentage of low-income housing available in each county and municipality in the state as compared to the statewide average; and

(iv)a description of how information in the report was calculated.

Renumbered and Amended by Chapter 393 , 2026 General Session