State Codes and Statutes

Statutes > Utah > Title-09 > Chapter-04 > 9-4-706

9-4-706. Entities authorized to receive fund money.
The executive director, with the approval of the board, may grant or lend fund money tohousing sponsors. "Housing sponsor" includes a person who constructs, develops, rehabilitates,purchases, or owns a housing development that is or will be subject to legally enforceablerestrictive covenants that require the housing development to provide, at least in part, residentialhousing to low and moderate income persons. A housing sponsor includes:
(1) a local public body;
(2) a nonprofit, limited profit, or for profit corporation;
(3) a limited partnership;
(4) a limited liability company;
(5) a joint venture;
(6) a subsidiary of the Utah Housing Corporation or any subsidiary of the subsidiary ofthe Utah Housing Corporation;
(7) a cooperative;
(8) a mutual housing organization;
(9) a local government;
(10) a local housing authority;
(11) a regional or statewide nonprofit housing or assistance organization; or
(12) any other type of entity or arrangement that helps provide affordable housing forlow and moderate income persons.

Amended by Chapter 159, 2002 General Session

State Codes and Statutes

Statutes > Utah > Title-09 > Chapter-04 > 9-4-706

9-4-706. Entities authorized to receive fund money.
The executive director, with the approval of the board, may grant or lend fund money tohousing sponsors. "Housing sponsor" includes a person who constructs, develops, rehabilitates,purchases, or owns a housing development that is or will be subject to legally enforceablerestrictive covenants that require the housing development to provide, at least in part, residentialhousing to low and moderate income persons. A housing sponsor includes:
(1) a local public body;
(2) a nonprofit, limited profit, or for profit corporation;
(3) a limited partnership;
(4) a limited liability company;
(5) a joint venture;
(6) a subsidiary of the Utah Housing Corporation or any subsidiary of the subsidiary ofthe Utah Housing Corporation;
(7) a cooperative;
(8) a mutual housing organization;
(9) a local government;
(10) a local housing authority;
(11) a regional or statewide nonprofit housing or assistance organization; or
(12) any other type of entity or arrangement that helps provide affordable housing forlow and moderate income persons.

Amended by Chapter 159, 2002 General Session


State Codes and Statutes

State Codes and Statutes

Statutes > Utah > Title-09 > Chapter-04 > 9-4-706

9-4-706. Entities authorized to receive fund money.
The executive director, with the approval of the board, may grant or lend fund money tohousing sponsors. "Housing sponsor" includes a person who constructs, develops, rehabilitates,purchases, or owns a housing development that is or will be subject to legally enforceablerestrictive covenants that require the housing development to provide, at least in part, residentialhousing to low and moderate income persons. A housing sponsor includes:
(1) a local public body;
(2) a nonprofit, limited profit, or for profit corporation;
(3) a limited partnership;
(4) a limited liability company;
(5) a joint venture;
(6) a subsidiary of the Utah Housing Corporation or any subsidiary of the subsidiary ofthe Utah Housing Corporation;
(7) a cooperative;
(8) a mutual housing organization;
(9) a local government;
(10) a local housing authority;
(11) a regional or statewide nonprofit housing or assistance organization; or
(12) any other type of entity or arrangement that helps provide affordable housing forlow and moderate income persons.

Amended by Chapter 159, 2002 General Session