The purpose of this rule is to establish standards and procedures for administering the two-year pilot program to provide loan guarantees on behalf of borrowers to ensure the repayment of low-income ADU loans, and to encourage lenders to provide capital to homeowners to facilitate the construction of accessory dwelling units to rent to low-income renters, to expand the availability of low-income housing in the state.

KEY: Single family housing modifications, accessory dwelling units

Date of Last Change: February 22, 2022

Authorizing, and Implemented or Interpreted Law: 35A-8-504.5