Board Meeting of the Private Activity Bond Authority Program - Revision 3
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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 Program (PAB)
Notice Information
- Notice Title
- Board Meeting of the Private Activity Bond Authority Program
- Notice Tags
- Department of Workforce Services, Housing and Community Development
- Notice Type(s)
- Meeting
- Event Start Date & Time
- April 9, 2025 09:00 AM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING April 9, 2025, at 9:00 a.m. Olene S. Walker Building 140 East 300 South, Room 211 Salt Lake City, Utah 84111 This meeting will be streamed at: https://utah-gov.zoom.us/j/89424478439 John T. Crandall, Chairman of the Board AGENDA I. Welcome and Introductions A. HCD Staffing Update II. Public Comment III. Action Item: Approval of Minutes A. January 8, 2025 Minutes IV. Status Updates A. Status of Accounts B. Project Closing/Groundbreaking/Ribbon Cutting Updates, if applicable C. Relinquished Cap Updates, if applicable V. Action Item: Future Rebalance of Bond Allocation Accounts A. Manufacturing Balance to Pool Account B. Exempt Facilities Balance to Pool Account C. 50% of Pool Account transferred to Manufacturing D. Multi-family Account VI. Action Item: Volume Cap Extension Requests Extension Request A. Single Family Housing 1. Utah Housing Corporation First Single Family Allotment for 2025 - $186,608,276 B. Multifamily Housing Projects 1. Alta Fairpark Fifth 147 Units - 100% Affordable New Construction 140 North 1000 West Developer-Alta Bay Capital SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] Additional Allocation - $2,000,000 [April 2025] 2. 9th Note [Moda Griffin] Fifth 110 Units - 100% Affordable New Construction 915 W North Temple Developer - JF Properties SLC, UT 84116 Original Allocation - $21,500,000 [January 2024] 3. Liberty Corner Fourth 200 Units - 100% Affordable New Construction 1265 S 300 W Developer - Cowboy Partners SLC, UT 84101 Original Allocation - $60,700,000 [April 2024] Additional Allocation - $5,000,000 [July 2024] 4. Provo Commons Apartments Third 129 Units - 100% Affordable New Construction 156 W 500 S Developer - M13 Construction, Incorporated Provo, UT 84601 Original Allocation - $25,600,000 [July 2024] 5. Ventana Apartments Second 120 Units - 100% Affordable New Construction 570 E Kaneplex Drive Developer - Acumen Development Kanab, UT 84741 Original Allocation - $11,800,000 [October 2024] 6. Lotus Fluence Second 225 Units - 100% Affordable New Construction 120 N Washington Blvd. Developer - Lotus Advantage Ogden, UT 84404 Original Allocation - $32,500,000 [October 2024] 7. Folsom Apartments Second 108 Units - 100% Affordable New Construction 947 W. South Temple Developer - Roers Companies SLC, UT 84114 Original Allocation - $24,137,592 [October 2024] 8. The Cooperative 1581 Apartments First 144 Units - 100% Affordable New Construction 1581 Millcreek Drive Developer - 22 Communities Moab, UT 84532 Original Allocation - $21,620,000 [January 2025] 9. The Cooperative 1881 Apartments First 198 Units - 100% Affordable New Construction 1581 W North Temple Developer - 22 Communities SLC, UT 84116 Original Allocation - $21,620,000 [January 2025] 10. Daybreak Phase I First 203 Units - 100% Affordable New Construction 10821 S Grandville Ave Developer - Wasatch Residential Group South Jordan, UT 84009 Original Allocation - $35,500,000 [January 2025] 11. Daybreak Phase II First 184 Units - 100% Affordable New Construction 10851 S Grandville Ave Developer - Wasatch Residential Group South Jordan, UT 84009 Original Allocation - $33,000,000 [January 2025] 12. SSL Apartments First 255 Units - 100% Affordable New Construction 55 East Haven Ave Developer - BCF ARC Fund South Salt Lake, UT 84115 Original Allocation - $50,000,000 [January 2025] VII. Action Item: New Volume Cap Requests Amount Requested A. Multifamily Housing Projects 1. Brooklyn Yard $29,210,000 171 Units - 100% Affordable New Construction 269 Brooklyn Avenue Developer - Brinshore Development SLC, UT 84101 Score: 567 2. The Flats at Folsom $34,000,000 188 Units - 100% Affordable New Construction 16 S 800 W Developer - Lincoln Avenue Communities SLC, UT 84104 Score: 562 VIII. Other Business and Adjournment A. Next Meeting - Wednesday, July 9, 2025
- 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 Jennifer Schumann 801-468-0145 jdschumann@utah.gov
- Notice of Electronic or Telephone Participation
- NA
Meeting Information
- Meeting Location
-
140 E 300 S
Room 211
Salt Lake City, UT 84111
Show in Apple Maps Show in Google Maps - Contact Name
- Janell Quiroz
- Contact Email
- jquiroz@utah.gov
Notice Posting Details
- Notice Posted On
- April 01, 2025 08:45 AM
- Notice Last Edited On
- July 09, 2025 05:24 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Audio Record PAB Board Meeting 4.9.25.m4a | Audio Recording | 2025/04/09 03:14 PM |
| Draft - PAB Board Meeting Minutes - April 9, 2025.pdf | Meeting Minutes | 2025/05/07 01:37 PM |
| 1. PAB Board Meeting Agenda - April 9, 2025.pdf | Public Information Handout | 2025/04/01 08:57 AM |