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Private Activity Bond Authority Program (PAB) Board Meeting - July 9, 2025

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General Information

Government Type
State Agency
Entity
Department of Workforce Services
Entity Website
https://jobs.utah.gov/
Public Body
Private Activity Bond Authority Program (PAB)

Notice Information

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Notice Title
Private Activity Bond Authority Program (PAB) Board Meeting - July 9, 2025
Notice Tags
Department of Workforce Services, PAB
Notice Type(s)
Meeting
Event Start Date & Time
July 9, 2025 09:00 AM
Event End Date & Time
July 9, 2025 12:00 PM
Description/Agenda
PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING July 9, 2025, at 9:00 a.m. Olene S. Walker Building 140 East 300 South, Room 211 Salt Lake City, Utah 84111 This meeting will be streamed at: https://utah-gov.zoom.us/j/89424478439 John T. Crandall, Chairman of the Board AGENDA I. Welcome and Introductions Tricia: HCD Staffing update II. Public Comment III. Action Item: Approval of Minutes A. April 9, 2025 Minutes IV. Status Updates A. Status of Accounts B. Project Closing/Groundbreaking/Ribbon Cutting Updates, if applicable C. Relinquished Cap Updates, if applicable V. Action Item: Future Rebalance of Bond Allocation Accounts VI. Action Item: Volume Cap Extension Requests A. Single Family Housing 1. Utah Housing Corporation Second Extension Single Family Allotment for 2025 - $191,297,269.80 ________________________________________ B. Multifamily Housing Projects Extension Number/Project Location 1. Brooklyn Yard First Extension 171 Units - 100% Affordable New Construction 269 Brooklyn Avenue Developer - Brinshore Development SLC, UT 84101 Original Allocation: $29,210,000 [April 2025] 2. Daybreak Phase I Second Extension 203 Units - 100% Affordable New Construction 10821 S Grandville Ave Developer - Wasatch Residential Group South Jordan, UT 84009 Original Allocation: $35,500,000 [January 2025] 3. Daybreak Phase II Second Extension 184 Units - 100% Affordable New Construction 10851 S Grandville Ave Developer - Wasatch Residential Group South Jordan, UT 84009 Original Allocation: $33,000,000 [January 2025] 4. SSL Apartments Second Extension 255 Units - 100% Affordable New Construction 55 East Haven Ave Developer - BCF ARC Fund South Salt Lake, UT 84115 Original Allocation: $50,000,000 [January 2025] 5. The Cooperative 1581 Apartments Second Extension 144 Units - 100% Affordable New Construction 1581 Millcreek Drive Developer - 22 Communities & Garn Development Moab, UT 84532 Original Allocation: $21,620,000 [January 2025] 6. The Cooperative 1881 Apartments Second Extension 198 Units - 100% Affordable New Construction 1881 W North Temple Developer - 22 Communities & Garn Development SLC, UT 84116 Original Allocation: $28,285,000 [January 2025] 7. Ventana Apartments Third Extension 120 Units - 100% Affordable New Construction 970 E Kaneplex Drive Developer - Acumen Development Kanab, UT 84741 Original Allocation: $11,800,000 [October 2024] Additional Allocation Request: $1,500,000 [July 2025] 8. Liberty Corner Fifth Extension 200 Units - 100% Affordable New Construction 1265 S 300 W Developer - Cowboy Partners SLC, UT 84101 Original Allocation - $60,700,000 [April 2024] Additional Allocation - $5,000,000 [July 2024] ________________________________________ VII. Action Item: New Volume Cap Requests Amount Requested/Project Location A. Multifamily Housing Projects 1. Hive on 11th $27,155,000 169 Units - 100% Affordable New Construction 1116 South Richards Street Developer - Lincoln Avenue Communities Salt Lake City, UT 84101 Score: 580 2. Flats at Folsom $30,848,000 188 Units - 100% Affordable New Construction 16 South 800 West Developer - Lincoln Ave Communities Salt Lake City, UT 84104 Score: 562 3. 1300 South Apartments $19,100,000 96 Units - 100% Affordable New Construction 400 W 1215-1225 South; Developer - Hermes Affordable Svcs 390 W 1300 South Score: 557 Salt Lake City, UT 84101 4. The Jefferson Apartments $22,300,000 182 Units - 100% Affordable New Construction 1376-1390 S Jefferson Street Developer - Great Lakes Capital Salt Lake City, UT 84115 Score: 547 5. Senior Living at Millcreek $18,182,933 116 Units - 100% Affordable New Construction 151 12th Street Developer - SLAM Development Ogden, UT 84404 Score: 527 6. Alta North $44,000,000 292 Units - 100% Affordable New Construction 1865 West North Temple Developer - Alta Bay Capital Salt Lake City, UT 84116 Score: 527 7. Whitney Apartments $48,340,000 264 Units - 100% Affordable New Construction (97% complete) 1481 South 400 West Developer - Roers Company Salt Lake City, UT 84115 Score: 487 VIII. Action Item: Other Business and Adjournment A. Private Activity Bond Policy Workgroup B. Next Meeting - Wednesday, October 8, 2025
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Jenn Schumann (jdschumann@utah.gov)
Notice of Electronic or Telephone Participation
To attend virtually: https://utah-gov.zoom.us/j/89424478439 The personal data that you provide, or that is collected from you, when you attend or speak at a public meeting is classified as a public record pursuant to Utah Code 63G-2-301 of the Government Records Access Management Act (GRAMA), and may be made available to the public as provided by Utah Code 63G-2-201. Find our Privacy Notice here. https://jobs.utah.gov/department/privacy.html
Other Information
The personal data that you provide, or that is collected from you, when you attend or speak at a public meeting is classified as a public record pursuant to Utah Code 63G-2-301 of the Government Records Access Management Act (GRAMA), and may be made available to the public as provided by Utah Code 63G-2-201. Find our Privacy Notice here. https://jobs.utah.gov/department/privacy.html

Meeting Information

Meeting Location
140 E 300 S Room 211
Salt Lake City, UT 84111
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Notice Posting Details

Notice Posted On
June 06, 2025 11:11 AM
Notice Last Edited On
July 08, 2025 04:15 PM

Download Attachments

File Name Category Date Added
7.9.25 PAB Board Meeting Audio.m4a Audio Recording 2025/07/09 01:30 PM
Public Agenda_PAB Board Meeting- July 9, 2025.pdf Other 2025/07/01 09:27 AM



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