As used in this chapter:

1. (1) "Governmental entity" means:

   1. (a) an agency, as that term is defined in Section 63G-10-102;
   2. (b) the School and Institutional Trust Lands Administration created in Section 53C-1-201;
   3. (c) the School and Institutional Trust Lands Board of Trustees created in Section 53C-1-202; or
   4. (d) a political subdivision, as that term is defined in Section 63L-11-102.

2. (2) "Grant" means:

   1. (a) to convey, in whole or in part, with or without consideration; and
   2. (b) to contract or partner with an entity for the development of moderate income housing.

3. (3) "Moderate income housing" means a dwelling that is:

   1. (a) offered for sale to an owner-occupier at a purchase price affordable to a household with a gross income of no more than 120% of the area median income for the county in which the residential unit is offered for sale and is deed restricted for no fewer than five years; or
   2. (b) offered for rent at a rental price affordable to a household with a gross income of no more than 80% of the area median income for the county in which the residential unit is offered for rent.
4. (4) "Municipality" means the same as that term is defined in Section 10-1-104.
5. (5) "Owner-occupier" means an individual who owns, solely or jointly, a housing unit in which the individual lives as the individual's primary residence.

Amended by Chapter 391, 2025 General Session