Utah 2026 General Session Status: To Executive 2 R cosponsors

SB 277 — Utah Homes Investment Program Amendments

Last action — Senate/ filed

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been sent to the executive. Introduced February 09, 2026. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Odds of enactment

Moderate chance

Based on the sponsor, cosponsors, and committee posture, this bill has a moderate chance of becoming law.

Upgrade to see the exact probability and what's driving it.

A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 46% · moderate confidence

  • To Executive

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Bill Text

What changed in the latest version

65 added · 66 removed

Plain-language change summary

The recent changes to SB 277 expand the types of housing projects eligible for loan financing under the Utah Homes Investment Program. This includes multi-family housing, affordable rental projects, and grants for low-interest loans to help homeowners with improvements. Additionally, the state treasurer is now allowed to work with third parties for studying the program's economic impact. These amendments aim to increase support for affordable housing initiatives, which could help address housing shortages and improve community living conditions.

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SB0277S02 compared with SB0277S01 {Omitted text} shows text that was in SB0277S01 but was omitted in SB0277S02 inserted text shows text that was not in SB0277S01 but was inserted into SB0277S02 DISCLAIMER:
SB0277S02 compared with SB0277 {Omitted text} shows text that was in SB0277 but was omitted in SB0277S02 inserted text shows text that was not in SB0277 but was inserted into SB0277S02 DISCLAIMER:
S B ▸ allows a municipality with an eligible shelter to obtain financing through the progr0m;
▸ 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 th7t analyzes the economic effect of the program;
S ▸ following the end of the {Utah Homes Investment Program (program)} program, directs Bhe state treasurer to complete a study that analyzes the economic effect of the program;
S ▸ allows the state treasurer to contract with a third party to complete the study;
0 ▸ allows the state treasurer to contract with a third party to complete the study;
0 SB0277S01 compared with SB0277S02 ▸ removes the limitation on the rate at which a qualified depository may offer loan financing to a developer or city;
7 SB0277 compared with SB0277S02 ▸ removes the limitation on the rate at which a qualified depository may offer loan financing to a developer or city {of the first or second class} ;
- 2 - SB0277S01 compared with SB0277S02 [(1)] (2) "Attainable home" means a residence that costs the purchaser no more than the amount a qualifying residential unit may be purchased in accordance with Section 63H-8-501 at the time the state treasurer deposits with a qualified depository.
- 2 - SB0277 compared with SB0277S02 [(1)] (2) "Attainable home" means a residence that costs the purchaser no more than the amount a qualifying residential unit may be purchased in accordance with Section 63H-8-501 at the time the state treasurer deposits with a qualified depository.
- 3 - SB0277S01 compared with SB0277S02 (ii) using the deposit to acquire and rehabilitate [single-family homes] residential units within the [city limits of the city of the first or second class] qualifying city's boundaries;
- 3 - SB0277 compared with SB0277S02 (ii) using the deposit to acquire and rehabilitate [single-family homes] residential units within the [city limits of the city of the first or second class] qualifying city's boundaries;
(iii) offering for sale [the rehabilitated single-family home] each rehabilitated residential unit as an attainable home{[,{]} ;
(iii) offering for sale [the rehabilitated single-family home] each rehabilitated residential unit as an attainable home, including in the deed of sale for an attainable home a restriction, in favor of the [city of the first or second class] qualifying city, that the attainable home be owner-occupied for no fewer than five years;
and} {(iv)} including in the deed of sale for an attainable home a restriction, in favor of the [city of the first or second class] qualifying city, that the attainable home be owner-occupied for no fewer than five years;{[ and]} {[(iv){]} {(b)} } expanding an existing effort to acquire and rehabilitate [single-family homes as described in Subsections (7)(c)(ii) and (iii).] residential units as attainable homes as described in Subsections (8)(a)(ii) {through (iv)} and (iii);
and (iv) expanding an existing effort to acquire and rehabilitate [single-family homes as described in Subsections (7)(c)(ii) and (iii).] residential units as attainable homes as described in Subsections (8) (a)(ii) and (iii);
(c){(b)} an affordable rental project that includes revenue sharing with tenants;
(b) an affordable rental project that includes revenue sharing with tenants;
or (d){(c)} a program operated by a qualifying city that:
or (c) a program operated by a qualifying city that:
and - 4 - SB0277S01 compared with SB0277S02 (ii) executes a valid agreement with the political subdivision or the Utah Housing Corporation to develop housing meeting the requirements of Subsections (9)(a)(i)(A) and (B);
and - 4 - SB0277 compared with SB0277S02 (ii) executes a valid agreement with the political subdivision or the Utah Housing Corporation to develop housing meeting the requirements of Subsections (9)(a)(i)(A) and (B);
[(a) shall offer loan financing to a developer or city of the first or second class of a qualified project at a rate no higher than 150 basis points above the federal funds effective rate at the time of the deposit;] - 5 - SB0277S01 compared with SB0277S02 [(b)] (a) shall return the amount of deposit:
[(a) shall offer loan financing to a developer or city of the first or second class of a qualified project at a rate no higher than 150 basis points above the federal funds effective rate at the time of the deposit;] - 5 - SB0277 compared with SB0277S02 [(b)] (a) shall return the amount of deposit:
- 6 - SB0277S01 compared with SB0277S02 Section 5.
- 6 - SB0277 compared with SB0277S02 Section 5.
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Action History

  1. Senate/ filed

  2. Senate/ strike enacting clause

  3. House/ to Senate

  4. House/ failed

  5. House/ 3rd reading

  6. House/ 2nd reading

  7. House/ Rules to 3rd Reading Calendar

  8. LFA/ fiscal note publicly available for SB0277S02

  9. LFA/ fiscal note sent to sponsor for SB0277S02

  10. LFA/ bill sent to agencies for fiscal input for SB0277S02

  11. LFA/ bill assigned to staff for fiscal analysis for SB0277S02

  12. LFA/ fiscal note publicly available for SB0277S01

  13. House/ return to Rules due to fiscal impact [House Rules Committee]

  14. House/ comm rpt/ substituted [House Economic Development and Workforce Services Committee]

  15. LFA/ fiscal note sent to sponsor for SB0277S01

  16. House Comm - Favorable Recommendation [House Economic Development and Workforce Services Committee]

  17. House Comm - Substitute Recommendation [House Economic Development and Workforce Services Committee]

  18. LFA/ bill sent to agencies for fiscal input for SB0277S01

  19. LFA/ bill assigned to staff for fiscal analysis for SB0277S01

  20. House/ to standing committee [House Economic Development and Workforce Services Committee]

  21. House/ 1st reading (Introduced)

  22. House/ received from Senate

  23. Senate/ to House

  24. Senate/ passed 3rd reading

  25. Senate/ 3rd reading

  26. Senate/ passed 2nd reading

  27. Senate/ 2nd reading

  28. Senate/ placed on 2nd Reading Calendar

  29. Senate/ committee report favorable [Senate Economic Development and Workforce Services Committee]

  30. Senate/ received fiscal note from Fiscal Analyst

  31. LFA/ fiscal note publicly available for SB0277

  32. Senate Comm - Favorable Recommendation [Senate Economic Development and Workforce Services Committee]

  33. LFA/ fiscal note sent to sponsor for SB0277

  34. Senate/ to standing committee [Senate Economic Development and Workforce Services Committee]

  35. Senate/ 1st reading (Introduced)

  36. Senate/ received bill from Legislative Research

  37. LFA/ bill sent to agencies for fiscal input for SB0277

  38. LFA/ bill assigned to staff for fiscal analysis for SB0277

  39. Numbered Bill Publicly Distributed

  40. Bill Numbered but not Distributed

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 102 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (102)

102 members have not signed on to this bill.

Show all 102 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 277?
SB 277 is sponsored by Val L. Peterson (Republican) and Keven J. Stratton (Republican).
What is the current status of SB 277?
This bill has been sent to the executive. Introduced February 09, 2026. It awaits signature.
Where can I track SB 277?
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