Olene Walker Housing Loan Fund
Quarterly Board Meeting
July 2, 2024 - 9:00 am
Olene Walker Administration Building
140 East 300 South - Room 211A & B
Salt Lake City, Utah
Zoom Link
https://utah-gov.zoom.us/j/86255132023
A G E N D A
Welcome Beth Holbrook
Public Comment
ACTION ITEMS:
Item 1: Approval of Minutes Beth Holbrook
Quarterly Meeting - April 11, 2024
Electronic Meeting - April 16, 2024
Item 2: Financial Report & FY25 Budget Kaylee Beck
Item 3: Utah Housing Preservation Fund - Update Lukas Ridd
Item 3: Staffing - Update Dan Murphy
Item 4: Predevelopment Grant policy - Update Dan Murphy
Item 5: Buy America, Build America Act (BABA) policy Jennifer Domenici
NEW BUSINESS:
Item 1: New Multifamily Projects (listed by statute priority and then score [highest to lowest])
Homeless Projects (Statute Priority - Homelessness):
The Point at Fairpark (SLC) - Switchpoint Dan Murphy
Acquisition/Rehabilitation
Score: 270 out of 500
Hart (Provo) - Community Action Services Dan Murphy
Acquisition/Rehabilitation
Score: 204 out of 500
Acquisition/Rehabilitation Projects (Statute Priority - Acquisition/Rehabilitation):
New City Plaza (SLC) - Housing Connect - Additional OW Funds Dan Murphy
Acquisition/Rehabilitation
Score: 354 out of 500
Interstate Group Home (Cedar City) - Access Foundation Dan Murphy
Acquisition Only
Score: 328 out of 500
3. Brick House Group Home (St. George) - Access Foundation Dan Murphy
Acquisition/Rehabilitation
Score: 263 out of 500
New Construction Projects - Other Multifamily Projects [Ranked by Score]:
1. 2nd South (SLC) - Hermes Affordable Dan Murphy
Score: 325 out of 500
2. Citizens West II (SLC) - GIV Group - Change Funding Source Dan Murphy
Score: 322 out of 500
3. Citizens West III (SLC) - GIV Group - Change Funding Source Dan Murphy
Score: 320 out of 500
4. Bumper House (SLC) - SMH Builders Dan Murphy
Score: 270 out of 500
5. Valley West (Gunnison) - Rio West Properties Dan Murphy
Score: 255 out of 500
6. Liberty Corner (SLC) - Cowboy - Additional OW Funds Dan Murphy
Score: 247 out of 500
7. Alta Fairpark (SLC) - Alta Bay Capital Dan Murphy
Score: 195 out of 500
8. Promontory Point (SLC) - Alta Bay Capital Dan Murphy
Score: 182 out of 500
9. Alta North Station (SLC) - Alta Bay Capital Dan Murphy
Score: 180 out of 500
Item 2: Existing/Returning Multifamily Projects [No Additional Funding]
1. Ridgeview (Moab) - Four Corners BH - Loan Forgiveness Dan Murphy
2. The Willows (Moab) - Four Corners BH - Sale/Loan Forgiveness Dan Murphy
3. Aspen Cove (Moab) - Four Corners BH - Employee Housing Dan Murphy
Item 3: Reports (Please review prior to meeting - Staff will answer questions)
1. Single Family Default List Katye Halterman
2. Multifamily Quarterly Progress Report Daniel Herbert-Voss
3. Single Family Report Katye Halterman
4. Energy Star Report Daniel Herbert-Voss
5. Monitoring Report Update Steve Fox
6. Home Choice Quarterly Report Josh Runhaar
7. Cash Flow Loan Status Report Daniel Herbert-Voss
8. TOD Report Dan Adams
9. Utah Housing Preservation Fund Lukas Ridd
10. Landlord Incentive Program Katye Halterman
Next Quarterly Board Meeting: October 10, 2024
Adjourn:
Notice of Special Accommodations (ADA)
NOTICE OF SPECIAL ACCOMMODATION DURING PUBLIC MEETINGS In compliance with the ADA, individuals needing special accommodations during this meeting should notify Dan Murphy at danmurphy@utah.gov at least three (3) working days prior to meeting.
Notice of Electronic or Telephone Participation
Electronic or Telephone participation may be utilized with the following Zoom link: https://utah-gov.zoom.us/j/86255132023