PRIVATE ACTIVITY BOND PROGRAM
NOTICE OF PUBLIC MEETING
January 11, 2023 at 9:00 a.m.
Olene S. Walker Building
140 East 300 South, Room 101 North
Salt Lake City, Utah 84111
This meeting will be streamed at https://utah-gov.zoom.us/j/86784146586.
John T. Crandall, Chairman of the Board
AGENDA
I. Welcome and Introductions
II. Approval of Minutes
A. December 11, 2022 Meeting Minutes
III. Action Items
A. Administrative Rule: Good Standing
IV. Status of Accounts
A. Utah Board of Higher Education Relinquishment Reallocation
V. Volume Cap Extension Requests Extension Requests
A. Multifamily Housing Projects
1. The Nest at Rio Grande Fifth
220 Units - 100% Affordable
New Construction 382 S Rio Grande
Developer - W3 Partners, Janet West SLC, UT 84101
Original Allocation - $29,600,000 [November 8, 2021]
After Additional Allocation Request - $30,960,000 [April 13, 2022]
Current Allocation Request - $33,960,000 [December 14, 2022]
2. Magnolia at Homestead Second
140 Units - 100% Affordable
New Construction 650 W 400 N
Developer - Wasatch Affordable Ventures Logan, UT 84321
Original Allocation - $17,700,000 [July 13, 2022]
3. Homestake Second
124 Units - 79% Affordable
New Construction 1875 Homestake Rd
Developer - J. Fisher Co. Park City, UT 84060
Original Allocation - $24,500,000 [July 13, 2022]
Additional Allocation Requested - $2,500,000 [January 11, 2023]
4. Syracuse Affordable Second
300 Units - 100% Affordable
New Construction 1700 W 300 S
Developer - Wasatch Residential Syracuse, UT 84075
Original Allocation - $45,000,000 [July 13, 2022]
Additional Allocation Requested - $3,000,000 [January 11, 2023]
5. Silvercrest Second
53 Units - 99% Affordable
New Construction 2615 Grant Avenue
Developer - Salvation Army Ogden, UT 84401
Original Allocation - $8,550,000 [July 13, 2022]
6. Howick Second
150 Units - 100% Affordable
New Construction 4101 S Howick St
Developer - Blueline & CDC Utah Millcreek, UT 84107
Original Allocation - $30,000,000 [July 13, 2022]
7. Ville 9 Apartments First
65 Units - 100% Affordable
New Construction/Acquisition/Rehabilitation 1025 N 900 W
Developer - Villa Property Management SLC, UT 84116
Original Allocation - $9,600,000 [October 12, 2022]
8. Glendale Gardens First
120 Units - 100% Affordable
New Construction 406 E 300 S
Developer - Mana 7 Charities & TCB Industries SLC, UT 84111
Original Allocation - $16,000,000 [October 12, 2022]
9. MODA Greenwell First
176 Units - 100% Affordable
New Construction 2459 Quincy Avenue
Developer - J. Fisher Co. Ogden, UT 84401
Original Allocation - $27,550,000 [October 12, 2022]
VI. New Volume Cap Requests Amount Requested
A. Single Family Housing
1. Utah Housing Corporation $154,214,445
Requested Single Family Allotment for 2023
B. Multifamily Housing Projects
1. Price Apartments $20,500,000
168 Units - 100% Affordable Main Street and
New Construction Airport Road
Developer - CJM Development Price, UT 84501
2. Liberty Corner $42,100,000
172 Units - 100% Affordable
New Construction 1285 S 300 W
Developer - Cowboy Partners SLC, UT 84101
3. Silos on 500 $20,000,000
175 Units - 100% Affordable
New Construction 515 S 500 W
Developer - Lowe Holdings SLC, UT 84101
4. 9Ten West $14,486,000
175 Units - 100% Affordable
New Construction 910 W Temple
Developer - Great Lakes Capital SLC, UT 84116
5. Lotus Citywalk $16,000,000
99 Units - 100% Affordable
New Construction 265 22nd St.
Developer - Lotus Development Ogden, UT 84410
6. Lotus Lincoln $18,750,000
99 Units - 100% Affordable
New Construction 1860 Lincoln Ave.
Developer - Lotus Development Ogden, UT 84401
7. MODA Griffin $19,200,000
119 Units - 100% Affordable
New Construction 915 N Temple
Developer - JF Capital SLC, UT 84116
VII. Other Business and Adjournment
B. Next Meeting - Wednesday, April 12, 2023
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 McKenna Marchant at 801-468-0145.