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UT HB0541

Bill

Official Source

Status

Failed

3/6/2026

Primary Sponsor

Verona Mauga

Click for details

Origin

House of Representatives

2026 General Session

AI Summary

  • Expands program eligibility to include existing homes (previously limited to new construction or newly constructed but not yet inhabited properties)
  • Sets maximum assistance at $20,000 for new construction and $10,000 for existing homes
  • Caps total funding for existing home purchases at $1,000,000
  • Maintains maximum qualifying home purchase price of $450,000 or corporation-established limit
  • Effective date: May 6, 2026

Legislative Description

First-Time Homebuyer Assistance Program Amendments

Housing

Last Action

House/ filed in House file for bills not passed

3/6/2026

Committee Referrals

Economic Development and Workforce Services2/13/2026
Rules2/11/2026

Full Bill Text

No bill text available