Private Activity Bond Authority Program (PAB) - Revision 11
This is a Notice Revision
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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 Tags
- Department of Workforce Services
- Notice Type(s)
- Meeting
- Event Start Date & Time
- January 10, 2024 09:00 AM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING January 10, 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. December 13, 2023, Meeting Minutes IV. Action Items V. Status of Accounts A. Utah Board of Higher Education Relinquishment Reallocation - $139,458,000.00 B. IRS calendar year 2024 multiplier increase C. 2024 Allocation Balances VI. Volume Cap Extension Requests Extension Requests A. Multifamily Housing Projects 1. Silos on 500 Fourth 175 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 Fourth 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 3. Liberty Corner Fourth Extension 172 Units - 100% Affordable New Construction 1285 S 300 W Developer - Cowboy Partners SLC, UT 84101 Original Allocation - $42,100,000 [January 11, 2023] 4. Torman Plaza (Lotus Citywalk) Fourth Extension 97 Units - 100% Affordable New Construction 265 22nd St Developer - Lotus Ogden, UT 84401 Original Allocation-$16,000,000 [January 11, 2023] 5. Alta North Station First Extension 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] 6. Lotus Lincoln North First Extension 149 Units - 100% Affordable New Construction 145 E. 18th Street Developer - Lotus Development Ogden, UT 84401 Original Allocation - $26,000,000 [October 11. 2023] 7. 9Ten West First Extension 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] VII. New Volume Cap Requests Amount Requested A. Single Family Housing 1. Utah Housing Corporation $177,492,000 Requested Single Family Allotment for 2024 B. Multifamily Housing Projects 1. New City Plaza $5,500,000 299 Units - 100% Affordable Senior & Non-Elderly Disabled Housing 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] 2. Alta Fairpark $21,500,000 147 Units - 100% Affordable New Construction 140 N 1000 W Developer - Alta Bay Capital SLC, UT 84116 3. 2nd South Apartments $20,000,000 104 Units - 100% Affordable New Construction 934-948 W 200 S Developer - Hermes Affordable Services, LLC SLC, UT 84101 4. Bumper House $31,000,000 237 Units - 100% Affordable New Construction 269 Brooklyn Ave Developer - SMH Builders SLC, UT 84101 5. The Salvation Army Silvercrest $10,100,000 52 Units - 100% Affordable Senior Housing (age 62+) New Construction 2635 Grant Ave. Developer - Salvation Army Ogden, UT 84401 6. Folsom Apartments $22,000,000 105 Units - 100% Affordable New Construction 947 W. South Temple St. Developer - Roers Co. SLC, UT 84114 7. MODA Griffin $21,500,000 110 Units - 100% Affordable New Construction 915 W. North Temple Developer - JF Development Group SLC, UT 84116 VII. Other Business and Adjournment A. Next Meeting - Wednesday, April 3, 2024 a. The application deadline has been adjusted to February 8, 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 Kathryn Halterman at (435)421-2675.
- 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
- September 28, 2023 01:22 PM
- Notice Last Edited On
- April 04, 2024 01:49 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| GMT20240110-160049_Recording.m4a | Audio Recording | 2024/01/16 09:55 AM |
| DRAFT Minutes 1.10.24.pdf | Meeting Minutes | 2024/01/24 05:59 PM |
| 1. PAB Board Meeting Agenda - January 10, 2024.pdf | Other | 2024/01/05 08:48 AM |