Utah legislation · 2026 General Session
Utah SB309: Single-family Home Rental Modifications
Status: Failed, March 6, 2026
This bill addresses rentals of single-family homes.
What the bill says
A resolution: (A) to rezone or subdivide land to transition single-family homes from institutional investor ownership to owner-occupied attainable homes within the qualified transition zone; (B) to require, as conditions of approving development within the qualified investment zone, that the developer sell the property as a deed-restricted property and prohibit homeowner association fees; and (C) to provide matching funding at a minimum of 20% of the requested grant amount; (iv) a detailed budget for use of a grant and matching funds; (v) if the municipality submits an application for an addit.
From the introduced text, February 19, 2026:
a resolution: (A) to rezone or subdivide land to transition single-family homes from institutional investor ownership to owner-occupied attainable homes within the qualified transition zone; (B) to require, as conditions of approving development within the qualified investment zone, that the developer sell the property as a deed-restricted property and prohibit homeowner association fees; and (C) to provide matching funding at a minimum of 20% of the requested grant amount; (iv) a detailed budget for use of a grant and matching funds; (v) if the municipality submits an application for an additional grant amount after an initial grant, evidence of a decrease in the number of single-family homes owned by an institutional investor within the qualified transition zone since the initial grant; and (vi) other information the office determines necessary to evaluate the application. (b) When evaluating an application for a grant, the office shall consider: (i) the likelihood the municipality's proposal will accomplish the purpose described in Subsection (1) ; (ii) the cost of the proposal; (iii) the extent to which any matching funding sources or existing or planned partnerships may benefit the proposal; and (iv) the viability and sustainability of the proposal. (4) (a) In accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, the office shall make rules governing: (i) subject to Subsection (4)(b) , the uses …