Private Activity Bond Authority Program (PAB) - Revision 3
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
- July 10, 2024 09:00 AM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING July 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 This meeting will be held virtually. Individuals needing to attend in-person should contact McKenna Marchant (mmarchant@utah.gov) at least 12 hours prior to the start of the meeting. In-person attendance is only available at the Olene Walker Building in Salt Lake City, Utah. John T. Crandall, Chairman of the Board AGENDA I. Welcome and Introductions II. Public Comment III. Approval of Minutes A. April 3, 2024 B. May 24, 2024 IV. Action Items A. Annual PAB Policy Update V. Status of Accounts VI. Volume Cap Extension Requests Extension Requests A. Single Family Housing 1. Utah Housing Corporation Second Requested Single Family Allotment for 2024 $179,431,035 B. Multifamily Housing Projects 1. Alta North Station Third 289 Units - 100% Affordable New Construction 1865 W. North Temple Developer-Alta Bay Capital SLC, UT 84101 Original Allocation-$48,000,000 [October 11, 2023] 2. Lotus Lincoln North (Lotus Riverwalk 3) Third 149 Units - 100% Affordable New Construction 145 E. 18th Street Developer - Lotus Development Ogden, UT 84401 Original Allocation - $26,000,000 [October 11. 2023] 3. 9Ten West Third 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] 4. New City Plaza Second 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] 5. Alta Fairpark Second 147 Units - 100% Affordable New Construction 140 N 1000 W Developer - Alta Bay Capital SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] 6. 2nd South Apartments Second 105 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] 7. Bumper House Second 237 Units - 100% Affordable New Construction 269 Brooklyn Ave Developer - SMH Builders SLC, UT 84101 Original Allocation - $31,000,000 [January 2024] Requested Additional Allocation - $4,200,000 [July 2024] 8. Folsom Apartments Second 105 Units - 100% Affordable New Construction 947 W. South Temple St. Developer - Roers Co. SLC, UT 84114 Original Allocation - $20,400,000 [January 2024] Requested Additional Allocation - $3,600,000 [July 2024] 9. MODA Griffin Second 110 Units - 100% Affordable New Construction 915 W. North Temple Developer - JF Development Group SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] 10. Promontory Place First 175 Units - 100% Affordable New Construction 1025 W North Temple Developer - Alta Bay Capital SLC, UT 84111 Original Allocation - $38,500,000 [April 2024] 11. Liberty Corner First 200 Units - 100% Affordable New Construction 1285 S 300 W Developer - Cowboy Partners SLC, UT 84101 Original Allocation - $60,700,000 [April 2024] Requested Additional Allocation - $5,000,000 [July 2024] VII. New Volume Cap Requests Amount Requested A. Multifamily Housing Projects 1. Provo Commons $25,600,000 129 Units - 100% Affordable New Construction 156 W 500 S Developer - American Development Corp. LLC Provo, UT 84601 2. Daybreak Affordable $30,500,000 176 Units - 100% Affordable New Construction 10821 S Grandville Ave. Developer - Wasatch Residential South Jordan, UT 84009 VIII. Other Business and Adjournment A. Next Meeting - Wednesday, October 9, 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
- June 28, 2024 11:51 AM
- Notice Last Edited On
- December 16, 2024 10:15 AM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| PAB Board Meeting 7-10-24.m4a | Audio Recording | 2024/07/10 01:53 PM |
| 1. PAB Board Meeting Agenda - July 10, 2024.pdf | Other | 2024/07/03 01:43 PM |