Olene Walker Housing Loan Fund
Quarterly Board Meeting
May 14, 2026 - 9:00 am
Olene Walker Building
140 East 300 South - Room 201
Salt Lake City, Utah
Zoom Link
https://utah-gov.zoom.us/j/81040058074
A G E N D A
Welcome Beth Holbrook
Public Comment:
ACTION ITEMS:
Item 1: Approval of Minutes: Beth Holbrook
Quarterly Meeting - February 12, 2026
Item 2: HCD Updates Tricia Davis Winter
Item 3: Legislative Appropriations Update Tricia Davis Winter
Item 4: Financial Report & FY 2026 Budget Update Kaylee Beck
Funding Available (total - approximate): Funding Requested (total):
HOME: $5.6M HOME: $4,000,000
HTF: $244K HTF: $0
LIH: $135K LIH: $135K
Predevelopment: $200K Predevelopment: $150K
NEW BUSINESS:
Item 1: New Applications Received (listed by statute priority and then by score):
Homeless Projects [Statute Priority - Homelessness]:
The Refuge Utah (Provo) - The Refuge Utah Daniel Herbert-Voss
Score: 204 out of 500
New Construction - OWHLF-Only - 48 Units Requesting $2M HOME Funds
866 North 400 West, Orem, Utah County
Acquisition/Rehab Projects [Statute Priority - Acquisition/Rehabilitation]:
None Submitted
New Construction Projects [Ranked by Score]:
Emeril Apartments (SLC) - CDC of Utah/Blue Line Development Daniel Herbert-Voss
Score: 335 out of 500
New Construction - PAB/4% LIHTC - 135 Units Requesting $2M HOME Funds
826 Emeril Avenue, Salt Lake City, Salt Lake County
Predevelopment Grants:
Blanding Partners, LLC (Blanding) - Future 9% LIHTC Project Todd Andersen
Rural Pre-Development Grant - 30 Units Requesting $50K LIH PD Funds
650 South Main Street, Blanding, San Juan County
Book Cliffs Flats (Green River) - Future 9% LIHTC Project Todd Andersen
Rural Pre-Development Grant - 25 Units Requesting $50K LIH PD Funds
125-195 North Howard Street, Green River, Emery County
Wasatch CTE Homebuilding Project (Heber City) - Homeowner Daniel Herbert-Voss
Rural Pre-Development Grant - 30 Units Requesting $50K LIH PD Funds
1422 East 600 South, Heber City, Wasatch County
Item 2: Returning Multifamily Projects (listed alphabetically):
Bud Bailey I & II (Millcreek) - Housing Connect Daniel Herbert-Voss
RMCRC Refinancing (OWHLF Re-Subordination) - 136 Units
$1,065M HOME Funds (Jan 26, 2012 & Jan 24, 2013) No New Funds Requested
3970 South Main Street, Millcreek, Salt Lake County
Clark Cove Cottages (Grantsville) - Tooele County HA Daniel Herbert-Voss
Requesting New Ownership (End of LIHTC Period) - 24 Units
Awarded $430,000 State LIH/RD (April 10, 2010) No New Funds Requested
316 East Clark Street, Grantsville, Tooele County
2. Senior Living at Millcreek (Ogden) - SLAM Development Daniel Herbert-Voss
Requesting Loan Change, Add'l Funds - Cash Flow - 116 Units
Awarded $2,000,000 HOME (October 9, 2025) Requesting $135K LIH Funds
Score: 347 out of 500
151 12th Street, Ogden, Weber County
Item 3: Reports (Please review prior to meeting - Staff will answer questions)
1. Multifamily Quarterly Progress Report Daniel Herbert-Voss
2. Single Family Report Progress Report Kathryn Halterman
3. Energy Star Report Daniel Herbert-Voss
4. Monitoring Report Update Steve Fox
5. Home Choice Quarterly Report Josh Runhaar
6. Cash Flow Loan Status Report Daniel Herbert-Voss
7. TOD Report Dan Adams
8. Utah Housing Preservation Fund Lukas Ridd
9. Landlord Incentive Program Kathryn Halterman
Next Quarterly Board Meeting: September 10, 2026
Adjourn:
Notice of Special Accommodations (ADA)
NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the ADA, individuals needing special accommodations during this meeting should notify Dan Murphy at danmurphy@utah.gov at least three (3) working days prior to meeting.
Notice of Electronic or Telephone Participation
Zoom attendance available at https://utah-gov.zoom.us/j/81040058074
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