63N-3-1202. Creation of Redevelopment Matching Grant Program — Eligibility and program requirements — Rulemaking — Reporting.
| (1) |
There is created the Redevelopment Matching Grant Program administered by the office. |
Terms Used In Utah Code 63N-3-1202
| (2) |
Subject to appropriations from the Legislature, the office shall award grants to:
| (a) |
local governments that meet the qualifications described in Subsection (3), to provide support for projects or services that increase the supply of affordable and high quality living units; and |
| (b) |
water conservancy districts, special districts, and special service districts that meet the qualifications described in Subsection (4), to provide support for projects or services that conserve or develop water assets. |
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| (3) |
To qualify for a grant, a local government shall:
| (a) |
demonstrate that the local government has approved a development application after January 1, 2021, that allows for the creation of new or additional affordable housing units, attached or detached, at a density of at least eight units per acre; |
| (b) |
demonstrate that the project for which grant funds are sought is not subject to a land use referendum or initiative; |
| (c) |
provide an equal amount of matching funds; and |
| (d) |
certify that the local government will spend grant funds:
| (i) |
on a project or service that increases the supply of affordable and high quality living units; |
| (ii) |
within six months of receiving the grant; and |
| (iii) |
in accordance with the American Rescue Plan Act. |
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| (4) |
To qualify for a grant, a water conservancy district, special district, or special service district shall:
| (a) |
provide an equal amount of matching funds; and |
| (b) |
certify that the water conservancy district, special district, or special service district will spend grant funds:
| (i) |
on a project or service that conserves or develops water assets; and |
| (ii) |
in accordance with the American Rescue Plan Act. |
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| (5) |
In awarding grants to local governments, the office may award an initial grant to a local government in an amount of up to $2,500,000, and an additional grant of up to $1,500,000, if the project includes a minimum of 1,000 housing units or a minimum of 40 units per acre. |
| (6) |
The office may not award more than 35% of the total amount of grant funds available for projects to conserve or develop water assets. |
| (7) |
In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office may make rules establishing the eligibility and reporting criteria for grants, including:
| (a) |
the form and process of applying for grants; |
| (b) |
the method and formula for determining grant amounts; and |
| (c) |
the reporting requirements of grant recipients. |
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| (8) |
The office shall annually prepare and submit a report describing the distribution and uses of grants to the Governor’s Office of Planning and Budget and to the Office of the Legislative Fiscal Analyst. |
| (9) |
In addition to the report described in Subsection (8), the office shall include in the annual written report described in Section 63N-1a-306 a report on the grant program. |
Enacted by Chapter 499, 2023 General Session
