Private Activity Bond Authority Program (PAB) - Revision 1
General Information
- Government Type
- State Agency
- Entity
- Department of Workforce Services
- Entity Website
- https://jobs.utah.gov/
- Public Body
- Private Activity Bond Authority Program (PAB)
Notice Information
- Notice Title
- Private Activity Bond Authority Program (PAB)
- Notice Subject(s)
- Department of Workforce Services
- Notice Type(s)
- Meeting
- Event Start Date & Time
- April 3, 2024 09:00 AM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING April 3, 2024, 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/81541792181 John T. Crandall, Chairman of the Board AGENDA I. Welcome and Introductions II. Public Comment III. Approval of Minutes A. January 10, 2024 IV. Action Items A. Oath of Office - Amelia Powers Gardner B. Administrative Rule Change V. Status of Accounts VI. Volume Cap Extension Requests Extension Requests A. Single Family Housing 1. Utah Housing Corporation First Requested Single Family Allotment for 2024 $177,492,000 B. Multifamily Housing Projects 1. Silos on 500 Fifth 180 Units - 100% Affordable New Construction 515 S 500 W Developer - Lowe Holdings SLC, UT 84101 Original Allocation - $20,000,000 [January 11, 2023] Additional Allocation - $1,335,000 [July 12, 2023] 2. Price Apartments Fifth 168 Units - 100% Affordable New Construction Main St and Airport Rd Developer - CJM Development Price, UT 84501 Original Allocation - $20,500,000 [January 11, 2023] Additional Allocation - $2,000,000 [July 12, 2023] Additional Allocation Requested - $1,200,000 [January 10, 2024] 3. Lotus Citywalk Fifth 97 Units - 100% Affordable New Construction 265 22nd St Developer - Lotus Ogden, UT 84401 Original Allocation-$16,000,000 [January 11, 2023] 4. Alta North Station Second 306 Units - 100% Affordable New Construction 1865 W. North Temple Developer-Alta Bay Capital SLC, UT 84101 Original Allocation-$48,000,000 [October 11, 2023] 5. Lotus Lincoln North (Lotus Riverwalk 3) Second 149 Units - 100% Affordable New Construction 145 E. 18th Street Developer - Lotus Development Ogden, UT 84401 Original Allocation - $26,000,000 [October 11. 2023] 6. 9Ten West Second 180 Units - 100% Affordable New Construction 910 W North Temple Developer - Great Lakes Capital SLC, UT 84116 Original Allocation-$21,300,000 [October 11, 2023] 7. New City Plaza First 299 Units - 100% Affordable Acquisition Rehab 1966 & 1992 S 200 E Developer - Housing Connect SLC, UT 84115 Original Allocation - $34,000,000 [January 2020] Additional Allocation - $1,100,000 [April 2021] Additional after closing - $2,000,000 [July 2022] Additional after closing - $5,500,000 [January 2024] 8. Alta Fairpark First 147 Units - 100% Affordable New Construction 140 N 1000 W Developer - Alta Bay Capital SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] 9. 2nd South Apartments First 104 Units - 100% Affordable New Construction 934-948 W 200 S Developer - Hermes Affordable Services, LLC SLC, UT 84101 Original Allocation - $20,000,000 [January 2024] 10. Bumper House First 237 Units - 100% Affordable New Construction 269 Brooklyn Ave Developer - SMH Builders SLC, UT 84101 Original Allocation - $31,000,000 [January 2024] 11. The Salvation Army Silvercrest First 52 Units - 100% Affordable New Construction 2635 Grant Ave. Developer - Salvation Army Ogden, UT 84401 Original Allocation - $10,100,000 [January 2024] 12. Folsom Apartments First 105 Units - 100% Affordable New Construction 947 W. South Temple St. Developer - Roers Co. SLC, UT 84114 Original Allocation - $22,000,000 [January 2024] 13. MODA Griffin First 110 Units - 100% Affordable New Construction 915 W. North Temple Developer - JF Development Group SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] VII. New Volume Cap Requests Amount Requested A. Multifamily Housing Projects 1. Promontory Place $33,000,000 237 Units - 100% Affordable New Construction 1025 W North Temple Developer - Alta Bay Capital SLC, UT 84111 2. Liberty Corner $60,700,000 200 Units - 100% Affordable New Construction 1285 S 300 W Developer - Cowboy Partners SLC, UT 84101 3. Lotus Citywalk 2 $35,000,000 200 Units - 100% Affordable New Construction 2261 Grant Ave. Developer - Lotus Development Ogden, UT 84401 4. The Catherine Phase 1 $37,068,000 228 Units - 100% Affordable New Construction 1881 W North Temple Developer - 22 Communities LLC SLC, UT 84116 5. The Catherine Phase 1 $24,053,000 110 Units - 100% Affordable New Construction 1881 W North Temple Developer - 22 Communities LLC SLC, UT 84116 VIII. Other Business and Adjournment A. Updated Executive Summary B. Next Meeting - Wednesday, July 10, 2024
- 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.
- Notice of Electronic or Telephone Participation
- NA
Meeting Information
- Meeting Location
-
140 E 300 S
Salt Lake City, UT 84111
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Notice Posting Details
- Notice Posted On
- March 20, 2024 04:04 PM
- Notice Last Edited On
- April 01, 2024 09:23 AM
Download Attachments
File Name | Category | Date Added |
---|---|---|
1. PAB Board Meeting Agenda - April 3, 2024.pdf | Other | 2024/03/20 04:04 PM |