Private Activity Bond Authority Program (PAB) Board Meeting - July 9, 2025 - Revision 8
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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
- Private Activity Bond Authority Program (PAB) Board Meeting - July 9, 2025
- Notice Tags
- Department of Workforce Services, PAB
- Notice Type(s)
- Meeting
- Event Start Date & Time
- July 9, 2025 09:00 AM
- Event End Date & Time
- July 9, 2025 12:00 PM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING July 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 Tricia: HCD Staffing update II. Public Comment III. Action Item: Approval of Minutes A. April 9, 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 VI. Action Item: Volume Cap Extension Requests A. Single Family Housing 1. Utah Housing Corporation Second Extension Single Family Allotment for 2025 - $191,297,269.80 ________________________________________ B. Multifamily Housing Projects Extension Number/Project Location 1. Brooklyn Yard First Extension 171 Units - 100% Affordable New Construction 269 Brooklyn Avenue Developer - Brinshore Development SLC, UT 84101 Original Allocation: $29,210,000 [April 2025] 2. Daybreak Phase I Second Extension 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] 3. Daybreak Phase II Second Extension 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] 4. SSL Apartments Second Extension 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] 5. The Cooperative 1581 Apartments Second Extension 144 Units - 100% Affordable New Construction 1581 Millcreek Drive Developer - 22 Communities & Garn Development Moab, UT 84532 Original Allocation: $21,620,000 [January 2025] 6. The Cooperative 1881 Apartments Second Extension 198 Units - 100% Affordable New Construction 1881 W North Temple Developer - 22 Communities & Garn Development SLC, UT 84116 Original Allocation: $28,285,000 [January 2025] 7. Ventana Apartments Third Extension 120 Units - 100% Affordable New Construction 970 E Kaneplex Drive Developer - Acumen Development Kanab, UT 84741 Original Allocation: $11,800,000 [October 2024] Additional Allocation Request: $1,500,000 [July 2025] 8. Liberty Corner Fifth Extension 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] ________________________________________ VII. Action Item: New Volume Cap Requests Amount Requested/Project Location A. Multifamily Housing Projects 1. Hive on 11th $27,155,000 169 Units - 100% Affordable New Construction 1116 South Richards Street Developer - Lincoln Avenue Communities Salt Lake City, UT 84101 Score: 580 2. Flats at Folsom $30,848,000 188 Units - 100% Affordable New Construction 16 South 800 West Developer - Lincoln Ave Communities Salt Lake City, UT 84104 Score: 562 3. 1300 South Apartments $19,100,000 96 Units - 100% Affordable New Construction 400 W 1215-1225 South; Developer - Hermes Affordable Svcs 390 W 1300 South Score: 557 Salt Lake City, UT 84101 4. The Jefferson Apartments $22,300,000 182 Units - 100% Affordable New Construction 1376-1390 S Jefferson Street Developer - Great Lakes Capital Salt Lake City, UT 84115 Score: 547 5. Senior Living at Millcreek $18,182,933 116 Units - 100% Affordable New Construction 151 12th Street Developer - SLAM Development Ogden, UT 84404 Score: 527 6. Alta North $44,000,000 292 Units - 100% Affordable New Construction 1865 West North Temple Developer - Alta Bay Capital Salt Lake City, UT 84116 Score: 527 7. Whitney Apartments $48,340,000 264 Units - 100% Affordable New Construction (97% complete) 1481 South 400 West Developer - Roers Company Salt Lake City, UT 84115 Score: 487 VIII. Action Item: Other Business and Adjournment A. Private Activity Bond Policy Workgroup B. Next Meeting - Wednesday, October 8, 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 Jenn Schumann (jdschumann@utah.gov)
- Notice of Electronic or Telephone Participation
- To attend virtually: https://utah-gov.zoom.us/j/89424478439 The personal data that you provide, or that is collected from you, when you attend or speak at a public meeting is classified as a public record pursuant to Utah Code 63G-2-301 of the Government Records Access Management Act (GRAMA), and may be made available to the public as provided by Utah Code 63G-2-201. Find our Privacy Notice here. https://jobs.utah.gov/department/privacy.html
- Other Information
- The personal data that you provide, or that is collected from you, when you attend or speak at a public meeting is classified as a public record pursuant to Utah Code 63G-2-301 of the Government Records Access Management Act (GRAMA), and may be made available to the public as provided by Utah Code 63G-2-201. Find our Privacy Notice here. https://jobs.utah.gov/department/privacy.html
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
- June 06, 2025 11:11 AM
- Notice Last Edited On
- October 21, 2025 02:47 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| 7.9.25 PAB Board Meeting Audio.m4a | Audio Recording | 2025/07/09 01:30 PM |
| Draft - PAB Board Meeting Minutes - July 9, 2025.pdf | Meeting Minutes | 2025/08/08 04:20 PM |
| Public Agenda_PAB Board Meeting- July 9, 2025.pdf | Other | 2025/07/01 09:27 AM |