Land Use & Zoning
Utah's Moderate Income Housing Act requires municipalities over a certain size to:
ABuild government-funded housing projects
BAnalyze and plan for moderate income housing needs in their general plans✓ Correct
CProvide subsidies to all first-time homebuyers
DRezone all vacant land for high-density residential use
Explanation
Utah's Moderate Income Housing Act requires certain municipalities to assess their housing needs and include affordable housing strategies in their general plans, promoting statewide housing availability.
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Key Terms to Know
Debt-to-Income Ratio (DTI)
A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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