Olene Walker Housing Loan Fund
Quarterly Board Meeting
April 10, 2025 - 9:00am
Olene Walker Administration Building
140 East 300 South - Room 211A & B
Salt Lake City, Utah
Zoom Link
https://utah-gov.zoom.us/j/85485380755
A G E N D A
Welcome Beth Holbrook
Public Comment:
ACTION ITEMS:
Item 1: Approval of Minutes: Beth Holbrook
Quarterly Meeting - January 9, 2025
Electronic Meeting - March 11, 2025
Item 2: Financial Report & FY 2025 Budget Update: Kaylee Beck
Item 3: Staffing update - PAB Dan Murphy
Item 4: Legislative Appropriations:
1. First Time Homebuyer Program (Utah Housing Corporation) Jenn Schumann
$20,000,000 one-time funding
2. Critical Home Repair (Habitat 4 Humanity - Salt Lake) Ambra Peterson
$100,000 one-time funding
3. Shared Subordination Loan Program Dan Murphy
$92,500 one-time, $263,200 ongoing funding
4. Shared Equity Revolving Loan Fund Program Dan Murphy
(Housing Solutions Foundation)
$2,000,000 one-time funding
5. Housing Choice Voucher Incentive Program Katye Halterman
$350,000 one-time funding
6. Utah Housing Preservation Fund - Update Lukas Ridd
NEW BUSINESS:
Item 1: Returning Multifamily Projects (listed by score [highest to lowest])
Interstate Group Home (Cedar City) - Access Foundation Daniel Herbert-Voss
New First Mortgage and Lien Position Change
Score: 328 out of 500
Brick House Group Home (St. George) - Access Foundation Daniel Herbert-Voss
New First Mortgage and Lien Position Change
Score: 267 out of 500
Alta Fairpark (Salt Lake City) - Alta Bay Capital Daniel Herbert-Voss
Unit Reconfiguration (147 to 162 units)
Score: 182 out of 500
Item 2: Reports (Please review prior to meeting - Staff will answer questions)
1. Multifamily Quarterly Progress Report Daniel Herbert-Voss
2. Single Family Report Progress Report Kathryn Halterman
3. Energy Star Report Daniel Herbert-Voss
4. Monitoring Report Update Steve Fox
5. Home Choice Quarterly Report Suzanne Stout
6. Cash Flow Loan Status Report Daniel Herbert-Voss
7. TOD Report Dan Adams
8. Utah Housing Preservation Fund Lukas Ridd
9. Landlord Incentive Program Kathryn Halterman
Next Quarterly Board Meeting: July 10, 2025
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.