Utah legislation · 2026 General Session
Utah SB277: Utah Homes Investment Program Amendments
Status: Failed, March 6, 2026
This bill modifies provisions related to the Utah Homes Investment Program.
What the bill says
From the substitute text, March 3, 2026:
0 Utah Homes Investment Program Amendments 2026 GENERAL SESSION STATE OF UTAH Chief Sponsor: Keven J. Stratton House Sponsor: Val L. Peterson LONG TITLE General Description: This bill modifies provisions related to the Utah Homes Investment Program. Highlighted Provisions: This bill: - expands the projects for which a qualified depository may offer loan financing to a developer or city under the Utah Homes Investment Program (program) to include: - multi-family housing development projects that meet specified criteria; - affordable rental projects; - acquisition of housing development projects that meet specified criteria; and - city-operated programs that provide low-interest loans to income-eligible homeowners to make improvements; - allows a municipality with an eligible shelter to obtain financing through the program; - following the end of the program, directs the state treasurer to complete a study that analyzes the economic effect of the program; - allows the state treasurer to contract with a third party to complete the study; - removes the limitation on the rate at which a qualified depository may offer loan financing to a developer or city; and - makes technical and conforming changes. Money Appropriated in this Bill: None Other Special Clauses: None Utah Code Sections Affected: AMENDS: 51-12-101 Effective 05/06/26 Repealed 07/01/27 , as last amended by Laws of Utah 2025, Chapter 391 51-12-102 Effective 05/06/26 Repealed …
Sponsors
- Keven Stratton (R, 24) · primary sponsor
- Peterson, Val L. (R, 56)
Latest actions
- : Senate/ filed
- : Senate/ strike enacting clause
- : House/ to Senate
- : House/ failed
- : House/ 3rd reading
- : House/ 2nd reading
- : House/ Rules to 3rd Reading Calendar
- : LFA/ fiscal note publicly available for SB0277S02
- : LFA/ fiscal note sent to sponsor for SB0277S02
- : LFA/ bill sent to agencies for fiscal input for SB0277S02
Votes
- House/ failed (March 4, 2026): 9 yea, 61 nay, failed
- House Comm - Substitute Recommendation (February 27, 2026): 6 yea, 0 nay, passed
- House Comm - Favorable Recommendation (February 27, 2026): 6 yea, 1 nay, passed
- Senate/ passed 3rd reading (February 25, 2026): 21 yea, 0 nay, passed
- Senate/ passed 2nd reading (February 24, 2026): 25 yea, 0 nay, passed
- Senate Comm - Favorable Recommendation (February 13, 2026): 4 yea, 0 nay, passed
Subjects: Government Operations (State Issues), Business, Credit Unions, Public Budgeting, Housing, Appropriations, Economic Development, Construction and Fire Codes
Common questions
- What is SB277?
- SB277 is a bill in the Utah Legislature (2026 General Session): Utah Homes Investment Program Amendments.
- What does SB277 do?
- This bill modifies provisions related to the Utah Homes Investment Program.
- What is the status of SB277?
- Failed as of March 6, 2026. Latest action: Senate/ filed (March 6, 2026).
- Who sponsored SB277?
- Keven Stratton (R, 24), with 1 co-sponsor.
- Where is the official record for SB277?
- On the Utah Legislature website: https://le.utah.gov/~2026/bills/static/SB0277.html
Source: official Utah record. Tracked by Delilah, AI for legislation across all 50 states and Congress.