NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that on Monday, October 19, 2026, at 9:00 a.m.
Utah Housing Corporation ('UHC') will cause a public hearing to be conducted by its
President or a designee at the offices of Gilmore & Bell, P.C. located at 15 West South
Temple, Suite 1400, Salt Lake City, Utah 84101, for and on behalf of itself and the State
of Utah (the 'State'), regarding a proposal by UHC that, pursuant to the provisions of
Title 63H, Chapter 8, Utah Code Annotated, 1953, as amended (the 'Act'), and a
borrower loan agreement (the 'Borrower Loan Agreement'), UHC make a mortgage loan
(the 'Borrower Loan'), to JF Q25 Partners, LLC, a Utah limited liability company, or an
affiliate thereof (the 'Borrower') in an aggregate principal amount not to exceed
$27,005,000.
Interested individuals may attend and participate in the public hearing via Zoom
or conference call. Please join via Zoom at https://zoom.us and use Meeting ID 975 4090
6928 and password 852843 to join the video meeting, or call toll free number 1-877-230-
5394 and use passcode 2582727 followed by # to join the conference call.
Proceeds of the Borrower Loan, together with other funds, were used by the
Borrower to finance the acquisition, construction and equipping of an approximately 176-
unit multifamily housing rental development located on an approximately 2.06 acre site
at approximately 2459 Quincy Avenue, Ogden Utah 84401 (the 'Project'). The
Borrower will be the initial owner of the Project. The Project is required to be occupied
by persons of low and moderate income as determined by UHC in accordance with Utah
laws and in accordance with the requirements of Section 142(d) of the Internal Revenue
Code of 1986, as amended.
UHC made the Borrower Loan to the Borrower with the proceeds received from a
separate funding loan (the 'Funding Loan') made to UHC pursuant to a funding loan
agreement (the 'Funding Loan Agreement') and evidenced by a tax-exempt multifamily
note issued by UHC in an aggregate principal amount not to exceed $27,005,000 (the
'Governmental Lender Note'). The Governmental Lender Note or the Bonds, as
applicable, were issued as securities the interest on which is excludable from the gross
income of the holder thereof for federal income tax purposes. The Governmental Lender
Note is a special limited obligation of UHC secured by and payable solely from revenues
and other amounts pledged pursuant to the Funding Loan Agreement. The Governmental
Lender Note, and the interest thereon do not constitute an indebtedness or a pledge of the
faith or credit of UHC, the State of Utah or any political subdivision of the State of Utah.
Comments at the public hearing are invited. Written comments may be submitted
to UHC at 2783 S. Leadership Court, Suite 100, West Valley City, Utah, 84120,
Attention: President. Written comments should be mailed in sufficient time to be
received before the Monday, October 19, 2026, public hearing. Additional information
can be obtained from UHC at its office shown above or by calling (801) 902-8200.
Subsequent to the public hearing, the Governor of the State of Utah will consider
approving the issuance of the Governmental Lender Note.
DATED: September 29, 2026
UTAH HOUSING CORPORATION
By: /s/ David C. Damschen
President
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals requiring special accommodations during the meeting should notify UHC at least 24 hours prior to the meeting. Contact the Executive Assistant at 801.902.8200.
Notice of Electronic or Telephone Participation
One or more Trustees of UHC may participate via telephonic conference originated by the President. Within the meanings accorded by Utah law, the Meeting shall be an Electronic Meeting, and the Anchor Location shall be the offices of Gilmore & Bell, P.C. located at 15 West South Temple, Suite 1400, Salt Lake City, Utah 84101