Housing Trust Fund Advisory Board Meeting MEMO
General Information
- Government Type
- County
- Entity
- Salt Lake County
- Public Body
- Housing Trust Fund Advisory Board
Notice Information
- Notice Title
- Housing Trust Fund Advisory Board Meeting MEMO
- Notice Tags
- Housing and Community Development
- Notice Type(s)
- Notice
- Event Start Date & Time
- August 10, 2023 08:00 AM
- Event End Date & Time
- August 10, 2023 09:00 AM
- Description/Agenda
- To: Housing Trust Fund Advisory Board 2001 South State Street, S2-950 Salt Lake City, UT 84190 From: Joshua Narvaez, SLCo Housing Trust Fund Program Manager Email: jnarvaez@slco.org Housing Trust Fund Advisory Board, The following memo has been prepared in lieu of the Housing Trust Fund Advisory Board meeting scheduled for August 10, 2023. Coronavirus State and Local Fiscal Recovery Fund (SLFRF) for Affordable Housing RFA Updates: To date, the Housing Trust Fund is nearing the end of contract negotiations with awardees. The anticipated start date to have awardees come into the Government Center to fully execute documentation is August 14th. - Contract negotiations started June 21st and end August 9th o 17- individual contract negotiation meetings for each awarded project o During contract negotiations, awardees requested the Housing Trust Fund Staff reevaluate award structure of a nonprofit receiving the award as a grant to in turn loan it to the project/developer The District Attorneys reviewed and determined the proposed award structure is an acceptable ARPA expenditure and will be structured as; - The loan cannot be forgivable - Payments will be made based on cashflow - The HTF does recognize there may never be cashflow, but any sale proceeds or repayment of the loan from the project to the nonprofit will be paid immediately to the SLCo Housing Trust Fund - Updated award type per project o Citizens West 3 - Grant o Citizens West 4 - Grant o The Howick - Grant to nonprofit to loan to project o 515 Tower (phase I) - Meeting August 9th o Citizens West 2 - Grant o New City Plaza Apartments - Grant to nonprofit to loan to project o Recovery Housing Project - Grant o The Morrissey - Grant to nonprofit to loan to project o Platform 1500 - Grant to nonprofit to loan to project o 9Ten West - Loan o Liberty Corner 4% - Loan o Liberty Corner 9% - Loan o Alliance House - Grant o Project Open 3 - Meeting August 9th o Silos Affordable - Grant o East 72 - Grant o MODA Griffin Apartments - Grant Other Business & Possible Action: - The Housing Trust Fund (HTF) staff requests Advisory Board members to email the Housing Trust Fund Manager topics they would like to discuss with HTF staff in future meetings o Discussion topics should be aligned with goals Advisory Board would like the Housing Trust Fund to achieve
- Notice of Special Accommodations (ADA)
- Reasonable accommodations for individuals with disabilities or those in need of language interpretation services can be provided if five (5) working days' notice is given by calling 385-468-4900 or 385-468-4854. TTY/TDD users should call 7-1-1.
- Notice of Electronic or Telephone Participation
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Meeting Information
- Meeting Location
-
Meeting canceled 8/10/2023 - No location
NA
NA, UT 84190
Show in Apple Maps Show in Google Maps - Contact Name
- Tiffany Marquez
- Contact Email
- tmarquez@slco.org
- Contact Phone
- 385-468-4893
Notice Posting Details
- Notice Posted On
- August 08, 2023 10:32 AM
- Notice Last Edited On
- August 08, 2023 10:32 AM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| 2023 Aug 10 HTFAB Memo.pdf | Other | 2023/08/08 10:30 AM |
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