Olene Walker Housing Loan Fund
Date: October 15, 2026
Time: 9:00am
Anchor Location: Multi-Agency State Office Building, 195 North 1950 West, SLC UT 84115
Virtual Link: https://utah-gov.zoom.us/j/81040058074
Agenda
Welcome and Introductions: Beth Holbrook
Roll Call: Janell Quiroz
Public Comment: Beth Holbrook
Action Items:
Approval of minutes: Beth Holbrook
Quarterly Meeting - September 10, 2026
Financial Report & FY27 Budget Update Thom Kingston
Funding Available (approximate): Funding Requested:
HOME: $13,621,092.33 HOME: $18,302,747.00
HOME Match: $ 675,000.00 Match: $ 0.00
HTF: $ 3,026,181.06 HTF: $13,090,781.00
LIH: $ 1,732,783.93 LIH: $ 3,313,388.00
PDG: $ -0- PD: $ -0-
Total: $19,055,057.32 Total: $34,706,916.00
Electronic Meeting Resolution Brian Swan
2027 - OWHLF board meeting schedule Beth Holbrook
New Business:
1. Discussion of funding availability and awards Dan Murphy
New Applications Received [listed by statute priority, then by score]
A. Homeless Projects [Statute Priority - Homelessness]:
273 Apartments - Blue Line/First Step House Todd Andersen
Score: 459 out of 500 $1M HOME
New Construction - 9% LIHTC - 50 Units - Awarded Sept 25, 2026
Also awarded State LIHTC Sept 25, 2026
273 East 800 South, Salt Lake City, Salt Lake County
Parkhill Commons - Blue Line/Housing Connect Daniel Herbert-Voss
Score: 437 out of 500 $1.25M HOME
New Construction - 9% LIHTC - 70 Units - Awarded Sept 25, 2026
Also awarded State LIHTC Sept 25, 2026
201 East Parkhill Way, Millcreek, Salt Lake County
Safe Haven - GIV Group/Valley Behavioral Health Daniel Herbert-Voss
Score: 435 out of 500 $2M HOME
Acquisition/Rehabilitation - 9% LIHTC - 54 Units - Awarded Sept 25, 2026
Also awarded State LIHTC Sept 25, 2026
550 & 556 West 700 South, Salt Lake City, Salt Lake County
B. Acquisition/Rehab Projects [Statute Priority - Acquisition/Rehabilitation]:
Friendship Manor - Friendship Manor Corporation Daniel Herbert-Voss
Score: 400 out of 500 $1.65M HOME, $2M HTF
Rehabilitation - HUD Permanent Supportive Housing - 178 units
1320 East 500 South, Salt Lake City, Salt Lake County
Landmark - Western Region Nonprofit Housing Corp Daniel Herbert-Voss
Score: 368 out of 500 $1M HOME, $600K HTF
Acquisition/Rehabilitation - 9% LIHTC - 52 units - Awarded Sept 25, 2026
350 West 400 North, Tooele, Tooele County
Northwest Pipeline - Housing Authority of SLC/HAME Daniel Herbert-Voss
Scores: 367 out of 500 $1.47M HOME, $1.53M HTF
Acquisition/Rehabilitation - PAB/4% LIHTC - 63 units - Awarded April 8, 2026
Awarded State Tax Credits on August 27, 2026
315 East 200 South, Salt Lake City, Salt Lake County
St. George Villas - Hampstead Development Daniel Herbert-Voss
Score: 244 out of 500 $1M HOME
Acquisition/Rehabilitation - PAB/4% LIHTC - 40 units - awarded July 8, 2026
351 West Tabernacle Street, St. George, Washington County
C. New Construction [Statute Priority - New Construction]:
The Lupine Apartments - Housing Authority of SLC/HAME Daniel Herbert-Voss
Score: 364 out of 500 $2M HOME, $1M HTF
New Construction - PAB/4% LIHTC - 133 units - Awarded April 8, 2026
Awarded State Tax Credits on August 27, 2026
333 East 200 South, Salt Lake City, Salt Lake County
The Three Ferns - GIV Group Daniel Herbert-Voss
Score: 362 out of 500 $1M HTF
Acquisition/Rehabilitation - 9% LIHTC - 50 units - Awarded Sept 25, 2026
486 26th Street, Ogden, Weber County
The Jefferson Apartments - Great Lakes Capital Daniel Herbert-Voss
Score: 348 out of 500 $2M HOME, $2M HTF
New Construction - PAB/4% LIHTC - 182 units - Awarded July 9, 2025
Awarded State Tax Credits on December 30, 2025
1376-1390 South Jefferson Street, Salt Lake City, Salt Lake County
The Amelia - Cole West/Affordable Housing Specialists Todd Andersen
Score: 337 out of 500 $1.37M LIH
New Construction - PAB/4% LIHTC - 144 units - Awarded January 14, 2026
Awarded State Tax Credits on August 27, 2026
916 South 200 West, Salt Lake City, Salt Lake County
The Chicago - Great Lakes Capital Daniel Herbert-Voss
Score: 327 out of 500 $3.1M HOME/HTF
New Construction - PAB/4% LIHTC - 119 units - Awarded January 14, 2026
Awarded State Tax Credits on August 27, 2026
27-41 North Chicago Street, Salt Lake City, Salt Lake County
Cove Junction Apartments II - Western Region NHC Daniel Herbert-Voss
Score: 316 out of 500 $1.35M HOME/HTF
New Construction - 9% LIHTC - 40 units - Awarded Sept 25, 2026
1534 South Cove View Road, Richfield, Sevier County
Book Cliffs Flats - Green River Partners Todd Andersen
Score: 312 out of 500 $500K LIH
New Construction - 9% LIHTC - 25 units - Awarded Sept 25, 2026
125-195 North Howard Street, Green River, Emery County
Lone Pine Manor - Spire Development Daniel Herbert-Voss
Score: 293 out of 500 $2.9M HOME/LIH
New Construction - 9% LIHTC - 48 units - Awarded Sept 25, 2026
1260 West 1700 North, Salem, Utah County
The Winston Apartments - Chelsea Investment Group Daniel Herbert-Voss
Score: 292 out of 500 $2M HOME, $2M HTF
New Construction - PAB/4% LIHTC - 154 units - Awarded July 8, 2026
Not awarded STC in first round, but have re-applied for STC second round.
1485 South 300 West, Salt Lake City, Salt Lake County
D. Returning Projects Requesting Changes:
Elmbridge - Mountainlands Community Housing Trust Daniel Herbert-Voss
End of 15-Yr LIHTC Period - Investor Exit No New Funds Requested
Loan #HPO1181 - $1M Awarded April 22, 2010 - 76 Units
82 West 750 North, Heber City, Wasatch County
Reports (Please review prior to meeting - Staff will answer questions)
Multifamily Quarterly Progress Report Daniel Herbert-Voss
Energy Star Report Daniel Herbert-Voss
Monitoring Report Update Steve Fox
HomeChoice Quarterly Report Suzanne Jacob
Cash Flow Loan Status Report Daniel Herbert-Voss
TOD Report LuAnn Spangberg
Utah Housing Preservation Fund Lukas Ridd
Next Quarterly Board Meeting: February 11, 2027
Adjourn:
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 Janell Quiroz(jquiroz@utah.gov)
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