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The Utah Homes Investment Program, a temporary state initiative that places public deposits with banks and credit unions to encourage low-cost loans for housing projects, would be significantly expanded under this bill. Currently limited mainly to new single-family home construction sold as "attainable homes," the program would be broadened to also cover multi-family housing development, affordable rental projects, acquisition of existing housing for rehabilitation, and city-run programs offering low-interest loans to income-eligible homeowners for structural, health, safety, or accessibility improvements. The bill would also let smaller municipalities that operate certain homeless shelters access this financing, remove the current cap limiting the interest rate lenders can charge developers or cities under the program, and push back the program's repeal date from 2028 to 2029. Additionally, it would require the state treasurer, starting after June 30, 2028, to study whether the program produced measurable local economic benefits and report the findings to state officials by October 2028, with the option to hire an outside contractor to conduct that study.