Board Meeting: Private Activity Bond Program (PAB)
Notice Type(s)
Meeting
Event Start Date & Time
October 7, 2026 09:00 AM
Event End Date & Time
October 7, 2026 12:00 PM
Description/Agenda
Date: October 7, 2026
Time: 9:00 a.m. - 12:00 p.m.
Anchor Location: 1385 South State Street, Salt Lake City, Utah 84115
Virtual Link: https://utah-gov.zoom.us/j/81799838985
Agenda
1. Welcome and Introductions
Welcome: New PAB Board Member, Mark Shepherd
2. Roll Call
3. Approval of Minutes - July 8, 2026 *
4. Division of Housing and Community Development Updates - None
5. Board Business
a. Adopt Electronic Meeting Resolution *
b. Adopt 2027 Meeting Schedule*
c. Policy Workgroup Request
d. Financial Report, Status of Accounts
6. Private Activity Bond Business
a. Project Updates
7. Volume Cap Extension Applications *
a. First Extension*
Golden Links Manor, Related Affordable
Acquisition/Rehabilitation: 31 Units, 100% Affordable
1132 24th Street, Ogden, UT 84401
Original Allocation: $2,639,000 [July 2026]
IOOF Tower, Related Affordable
Acquisition/Rehabilitation: 28 Units, 100% Affordable
85 W Sunset Avenue, South Salt Lake, UT 84115
Original Allocation: $2,560,000
Railyard Lofts, Pedcor Development Associates, LLC
New Construction: 168 Units, 100% Affordable
195 West Rushton Street, Ogden, UT 84401
Original Allocation: $17,370,650 [July 2026]
St George Villas, Hampstead Development
Acquisition/Rehabilitation: 40 Units, 100% Affordable
351 Tabernacle Street, St George, UT 84770
Original Allocation: $3,319,000 [July 2026]
The Winston, CHG Utah, LLC (Chelsea Investments)
New Construction: 154 Units, 100% Affordable
1485 South 300 West, Salt Lake City, UT 84115
Original Allocation: $19,300,000 [July 2026]
Washington Yards, Brinshore Development
New Construction: 141 Units, 100% Affordable
1060 S Washington Street, Salt Lake City, UT 84101
Original Allocation: $16,645,000 [July 2026]
b. Second Extension*
Historic NW Pipeline, Housing Authority of SLC/HAME
New Construction/Rehabilitation: 63 Units, 100% Affordable
315 East 200 South, Salt Lake City, UT 84111
Original Allocation: $13,500,000 [April 2026]
The Lupine, Housing Authority of SLC/HAME
New Construction: 133 Units, 100% Affordable
333 East 200 South, Salt Lake City, UT 84111
Original Allocation: $18,900,000 [April 2026]
Provo Scattered Sites, Provo Housing Authority & Good
Housing Partnership *
Rehabilitation: 228 Units, 100% Affordable
Various Locations: Provo, Utah County
Original Allocation: $26,000,000 [April 2026]
Supplemental Bond Request: $1,500,000 [October 2026]
c. Third Extension
Utah Housing Corporation *
Single Family Mortgage Allocation Extension
Original Allocation: $198,654,857.10 [January 2026]
Additional Allocation: $2,000,999.70 [July 2026]
Alta North Station, Alta Bay Capital *
New Construction: 292 Units, 100% Affordable
1865 West North Temple, Salt Lake City, UT 84116
Original Allocation: $22,365,000 [January 2026]
Emeril Apartments, Community Development Corporation
of Utah & BlueLine Development *
New Construction: 135 Units, 100% Affordable
826 Emeril Ave, Salt Lake City, UT 84116
Original Allocation: $12,900,000 [January 2026
Lotus Forge, Lotus Company *
New Construction: 193 Units, 100% Affordable
2270 Lincoln Avenue, Ogden, UT 84401
Original Allocation: $17,000,000 [January 2026]
Lotus Vale, Lotus Company *
New Construction: 106 Units, 100% Affordable
195 West 7200 South, Midvale, UT 84047
Original Allocation: $11,500,000 [January 2026]
Voluntary Partial Relinquishment: $750,000 [July 2026]
Total Allocation: $10,750,000
South Salt Lake Affordable, Phase II, BCG ARC Fund *
New Construction: 138 Units, 100% Affordable
2250 South State Street, South Salt Lake, UT 84115
Original Allocation: $12,500,000 [January 2026]
The Chicago, Great Lakes Capital *
New Construction: 119 Units, 100% Affordable
27-41 North Chicago Street, Salt Lake City, UT 84104
Original Allocation: $11,600,000 [January 2026]
The Gregory, Great Lakes Capital *
New Construction: 169 Units, 100% Affordable
738 West South Temple, Salt Lake City, UT 84104
Original Allocation: $15,800,000 [January 2026]
theAmelia, Cole West & Affordable Housing Specialists *
New Construction: 144 Units, 100% Affordable
916 South 200 West, Salt Lake City, UT 84101
Original Allocation: $14,500,000 [January 2026]
d. Fourth Extension
Jefferson Apartments, Great Lakes Capital *
New Construction: 182 Units, 100% Affordable
1376-1390 South Jefferson Street, Salt Lake City, UT 84115
Original Allocation: $11,600,000 [October 2025]
Lotus Crown, Lotus Company *
New Construction: 25 Units, 100% Affordable
2331 Grant Ave, Ogden, UT 84401
Original Allocation: $4,000,000 [October 2025]
One Fifty North (FKA Alta Fairpark), Alta Bay Capital *
New Construction: 165 Units, 100% Affordable
140 North 1000 West, Salt Lake City, UT 84116
Original Allocation: $20,000,000 [October 2025]
Revised Allocation: $12,600,000 [January 2026]
Senior Living At Millcreek, SLAM Development *
New Construction: 116 Units, 100% Affordable
151 12th Street, Ogden, UT 84404
Original Allocation: $13,386,000 [October 2025]
e. Fifth Extension - None
8. New Volume Cap Application Requests
a. Multi-Family Application Requests
Van Buren Apartments, Roers Companies *
New Construction: 209 Units, 100% Affordable
1528 South 300 West, Salt Lake City, UT 84115
Volume Cap Requested: $20,125,000
Score: 315
The Cooperative 1881, Phase 2, 22 Communities *
New Construction: 128 Units, 100% Affordable
1879 West North Temple, Salt Lake City, UT 84040
Volume Cap Requested: $14,631,550
Score: 245
Adjourn Steve Waldrip
* Needs approval
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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When: This is a recurring webinar
Topic: Private Activity Bond Board Meeting
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