Private Activity Bond Authority Program (PAB) Board Meeting - October 8, 2025 - Revision 7
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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 - October 8, 2025
- Notice Tags
- Department of Workforce Services, PAB
- Notice Type(s)
- Meeting
- Event Start Date & Time
- October 8, 2025 02:00 PM
- Event End Date & Time
- October 8, 2025 05:00 PM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING October 8, 2025, at 2:00 p.m. Utah State Capitol Building Second Floor Capitol Board Room 350 N State Street Salt Lake City, Utah 84114 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 II. Public Comment III. Approval of July 9, 2025 Minutes IV. Meeting Action Items: A. Action Item: Adoption of 2026 Meeting Dates B. Action Item: Approve Changes to Private Activity Bond Policy C. Action Item: Approve Changes to Administrative Rule R990-200 V. Status Updates A. Status of Accounts B. Project Closing/Groundbreaking/Ribbon Cutting Updates, if applicable VI. Action Item: Volume Cap Extension Requests A. Single Family Housing 1. Utah Housing Corporation Third Extension Single Family Allotment for 2025 - $191,297,269.80 B. Multifamily Housing Projects 1. Camden Court (fka 1300 S Apartments) 96 Units - 100% Affordable New Construction 400 W 1215-1225 South; Developer - Hermes Affordable Svcs 390 W 1300 South Original Allocation: $19,100,000 Salt Lake City, UT 84101 2. Flats at Folsom 188 Units - 100% Affordable New Construction 16 South 800 West Developer - Lincoln Ave Communities Salt Lake City, UT 84104 Original Allocation: $30,848,000 [July 2025] 3. The Hive on 11th 169 Units - 100% Affordable New Construction 1116 S Richards Street Developer - Lincoln Ave Communities SLC, UT 84101 Original Allocation: $27,155,000 [July 2025] 4. Brooklyn Yard Second Extension 171 Units - 100% Affordable New Construction 269 Brooklyn Avenue Developer - Brinshore Development SLC, UT 84101 Original Allocation: $29,210,000 [April 2025] 5. Daybreak Phase II Third 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] 6. SSL Apartments Third 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] 7. The Cooperative 1581 Apartments Third 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] 8. The Cooperative 1881 Apartments Third 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] 9. Ventana Apartments Fourth 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] VII. Action Item: New Volume Cap Requests Amount Requested A. Multifamily Housing Projects 1. Jefferson Apartments $11,600,000 182 Units - 100% Affordable New Construction 1376-1390 S Jefferson St Developer - Great Lakes Capital Salt Lake City, UT 84115 Score: 597 2. Kearns Apartments $10,900,000 82 Units - 100% Affordable New Construction/Rehabilitation 5000 W 5035 S; 4950 W 5100 S Developer - Brinshore/Housing Connect Kearns, UT 84118 Score: 590 3. Alta Fairpark* $20,000,000 165 Units - 100% Affordable New Construction 140 North 1000 West Developer - Alta Bay Capital Salt Lake City, UT 84116 Score: 575 *Project is anticipated to close in 2025 and is held to the 50% test policy 4. Senior Living at Millcreek $13,386,000 116 Units - 100% Affordable New Construction 151 12th Street Developer - SLAM Development Ogden, UT 84404 Score: 567 5. Lotus Crown $4,000,000 25 Units - 100% Affordable New Construction 2331 Grant Ave Developer - Lotus Company Ogden, UT 84401 Score: 493 6. Alta Bay Promontory Place $3,000,000 175 Units - 100% Affordable New Construction - Post Closing Request 1025 W North Temple Developer - Alta Bay Capital Salt Lake City, UT 84116 Original Allocation: $38,500,000 [April 2024] Original Project Closing Date: [December 2024] VIII. Other Business and Adjournment A. Next Meeting - Wednesday, December 10, 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
-
Utah State Capitol Building, Boardroom 2nd floor
350 N State Street
Salt Lake City, UT 84114
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 11:14 AM
- Notice Last Edited On
- November 07, 2025 01:02 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| 10.8.25 PAB Board Meeting Audio Recording.m4a | Audio Recording | 2025/10/11 08:41 AM |
| Agenda_PAB Board Meeting- October 8, 2025.pdf | Other | 2025/10/08 09:53 AM |