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2022 Utah Code
Title 35A - Utah Workforce Services Code
Chapter 8 - Housing and Community Development Division
Part 5 - Olene Walker Housing Loan Fund
Section 501 - Definitions.
Universal Citation: UT Code § 35A-8-501 (2022)
Effective 5/9/2017
35A-8-501. Definitions.
As used in this part:
Amended by Chapter 279, 2017 General Session
35A-8-501. Definitions.
As used in this part:
- (1) "Affordable housing" means housing occupied or reserved for occupancy by households whose incomes are at or below certain income requirements at rental rates affordable to such households.
- (2) "Board" means the Housing Board created by this part.
- (3) "Fund" means the Olene Walker Housing Loan Fund created by this part.
- (4)
- (a) "Housing sponsor" means a person who constructs, develops, rehabilitates, purchases, or owns a housing development that is or will be subject to legally enforceable restrictive covenants that require the housing development to provide, at least in part, affordable housing.
- (b) "Housing sponsor" may include:
- (i) a local public body;
- (ii) a nonprofit, limited profit, or for profit corporation;
- (iii) a limited partnership;
- (iv) a limited liability company;
- (v) a joint venture;
- (vi) a subsidiary of the Utah Housing Corporation;
- (vii) a cooperative;
- (viii) a mutual housing organization;
- (ix) a local government;
- (x) a local housing authority;
- (xi) a regional or statewide nonprofit housing or assistance organization; or
- (xii) any other entity that helps provide affordable housing.
- (5) "Rural" means a county in the state other than Utah, Salt Lake, Davis, or Weber.
Amended by Chapter 279, 2017 General Session
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