PRIVATE ACTIVITY BOND PROGRAM
NOTICE OF PUBLIC MEETING
April 20, 2023 at 12:00 p.m.
Olene S. Walker Building
140 East 300 South, Room 112
Salt Lake City, Utah 84111
This meeting will be streamed at https://utah-gov.zoom.us/j/87434255254.
John T. Crandall, Chairman of the Board
AGENDA
I. Welcome and Introductions
II. Approval of Minutes
A. January 11, 2023 Meeting Minutes
B. March 22, 2023 Meeting Minutes
III. Status of Accounts
IV. Volume Cap Extension Requests Extension Requests
A. Single Family Housing
1. Utah Housing Corporation First
$154,214,445
Requested Single Family Allotment for 2023
B. Multifamily Housing Projects
1. Magnolia at Homestead Third
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]
2. Homestake Third
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]
Current Allocation - $27,000,000 [January 11, 2023]
3. Syracuse Affordable Third
300 Units - 100% Affordable
New Construction 1700 W 300 S
Developer - Wasatch Residential Syracuse, UT 84075
Original Allocation - $45,000,000 [July 13, 2022]
Current Allocation - $48,000,000 [January 11, 2023]
4. Silvercrest Third
53 Units - 99% Affordable
New Construction 2615 Grant Avenue
Developer - Salvation Army Ogden, UT 84401
Original Allocation - $8,550,000 [July 13, 2022]
5. Howick Third
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]
6. Ville 9 Apartments Second
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]
7. Glendale Gardens Second
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]
8. MODA Greenwell Second
176 Units - 100% Affordable
New Construction 2459 Quincy Avenue
Developer - J. Fisher Co. Ogden, UT 84401
Original Allocation - $27,550,000 [October 12, 2022]
9. Price Apartments First
168 Units - 100% Affordable Main Street and
New Construction Airport Road
Developer - CJM Development Price, UT 84501
Original Allocation - $20,500,000 [January 11, 2023]
10. Liberty Corner First
172 Units - 100% Affordable
New Construction 1285 S 300 W
Developer - Cowboy Partners SLC, UT 84101
Original Allocation - $42,100,000 [January 11, 2023]
11. Silos on 500 First
175 Units - 100% Affordable
New Construction 515 S 500 W
Developer - Lowe Holdings SLC, UT 84101
Original Allocation - $20,000,000 [January 11, 2023]
12. 9Ten West First
175 Units - 100% Affordable
New Construction 910 W Temple
Developer - Great Lakes Capital SLC, UT 84116
Original Allocation - $14,486,000 [January 11, 2023]
13. Lotus Citywalk First
99 Units - 100% Affordable
New Construction 265 22nd St.
Developer - Lotus Development Ogden, UT 84410
Original Allocation - $16,000,000 [January 11, 2023]
14. Lotus Lincoln First
99 Units - 100% Affordable
New Construction 1860 Lincoln Ave.
Developer - Lotus Development Ogden, UT 84401
Original Allocation - $18,750,000 [January 11, 2023]
V. New Volume Cap Requests Amount Requested
A. Multifamily Housing Projects
1. SPARK! $5,000,000
200 Units - 100% Affordable
New Construction 1500 W North Temple
Developer - Brinshore SLC, UT 84116
2. Skyline Apartments $19,367,000
112 Units - 100% Affordable
New Construction 430, 443, 448 N Fairfield Rd
Developer - Hampstead Layton, UT 84041
B. Multifamily Housing Projects
1. Spor Mountain (Ares) $10,000,000
Fluorspar Mining Project
New Construction Millard County
Developer - Ares Strategic Mining
VI. Other Business and Adjournment
A. Next Meeting - Wednesday, July 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.