Board Meeting: Private Activity Bond Program (PAB) - Revision 2
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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: Private Activity Bond Program (PAB)
- Notice Tags
- Department of Workforce Services, PAB
- Notice Type(s)
- Meeting
- Event Start Date & Time
- January 14, 2026 09:00 AM
- Event End Date & Time
- January 14, 2026 12:00 PM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING January 14, 2026, at 9:00 a.m. Olene 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/81799838985 Casey Cameron, Chair of the Board Kamron Dalton, Conducting Meeting AGENDA I. Welcome and Introductions II. Public Comment III. Approval of December 10, 2025 Minutes IV. Utah Board of Higher Education Relinquishment Reallocation V. Status Updates A. Status of Accounts B. Project Updates C. Relinquished Cap Updates, if applicable VI. Volume Cap Extension Requests A. AGENDA PLACEHOLDER - For Future Meetings B. Multifamily Housing Projects 1. Alta Fairpark* First Extension 165 Units - 100% Affordable New Construction 140 North 1000 West Developer - Alta Bay Capital Salt Lake City, UT 84116 Original Allocation: $20,000,000 [October 2025] Revised Allocation: $12,600,000 [January 2026] 2. Jefferson Apartments First Extension 182 Units - 100% Affordable New Construction 1376-1390 S Jefferson St Developer - Great Lakes Capital Salt Lake City, UT 84115 Original Allocation: $11,600,000 [October 2025] 3. Kearns Apartments First Extension 82 Units - 100% Affordable New Construction/Rehabilitation 5000 W 5035 S; 4950 W 5100 S Developer - Brinshore/Housing Connect Kearns, UT 84118 Original Allocation: $10,900,000 [October 2025] 4. Lotus Crown First Extension 25 Units - 100% Affordable New Construction 2331 Grant Ave Developer - Lotus Company Ogden, UT 84401 Original Allocation: $4,000,000 [October 2025] 5. Promontory Place First Extension 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] Supplemental Allocation: $3,000,000 [October 2025] 6. Senior Living at Millcreek First Extension 116 Units - 100% Affordable New Construction 151 12th Street Developer - SLAM Development Ogden, UT 84404 Original Allocation: $13,386,000 [October 2025] 7. Camden Court (fka 1300 S Apartments) Second Extension 96 Units - 100% Affordable New Construction 400 W 1215-1225 South; Developer - Hermes Affordable Svcs 390 W 1300 South Original Allocation: $19,100,000 [July 2025] Salt Lake City, UT 84101 8. Flats at Folsom Second Extension 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] 9. The Hive on 11th Second Extension 169 Units - 100% Affordable New Construction 1116 S Richards Street Developer - Lincoln Ave Communities SLC, UT 84101 Original Allocation: $27,155,000 [July 2025] 10. Brooklyn Yard Third Extension 171 Units - 100% Affordable New Construction 269 Brooklyn Avenue Developer - Brinshore Development SLC, UT 84101 Original Allocation: $29,210,000 [April 2025] 11. Daybreak Phase II Fourth 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] 12. The Cooperative 1881 Apartments Fourth 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] 13. Ventana Apartments Fifth 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. New Volume Cap Requests Amount Requested A. PAB Application Overview & Staff Analysis 1. Utah Housing Corporation $198,654,857.10 2. Lotus Forge $17,000,000 193 Units - 100% Affordable New Construction 2261 Grant Ave Developer - Lotus Company Ogden, UT 84401 Score: 350 3. theAmelia $14,500,000 144 Units - 100% Affordable New Construction 2331 Grant Ave Developer - Cole West & Affordable Housing Specialists Centerville, UT 84014 Score: 330 4. Alta North Station $22,365,000 292 Units - 100% Affordable New Construction 1865 West North Temple Developer - Alta Bay Capital Salt Lake City, UT 84116 Score: 315 5. Lotus Vale $11,500,000 106 Units - 100% Affordable New Construction 195 West 7200 South Developer - Lotus Capital Midvale, UT 84111 Score: 270 6. Emeril Apartments $12,900,000 135 Units - 100% Affordable New Construction 826 Emeril Avenue Developer - Community Development Corporation Salt Lake City, UT 84116 Of Utah & BlueLine Development Score: 250 7. South Salt Lake Affordable, Phase II $12,500,000 138 Units - 100% Affordable New Construction 2250 S State Street Developer - BCG ARC Fund South Salt Lake, UT 84115 Score: 240 8. The Gregory $15,800,000 169 Units - 100% Affordable New Construction 738 W South Temple Developer - Great Lakes Capital Salt Lake City, UT 84104 Score: 210 9. The Chicago $11,600,000 119 Units - 100% Affordable New Construction 27-41 North Chicago Street Developer - Great Lakes Capital Salt Lake City, UT 84104 Score: 170 VIII. Other Business and Adjournment A. PAB Board Training - tentatively planned for Mid-March, date TBD B. Next Meeting - Wednesday, April 08, 2026
- 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 Janell Quiroz jquiroz@utah.gov 3 days prior to the meeting.
- Notice of Electronic or Telephone Participation
- Optional Zoom attendance: https://utah-gov.zoom.us/j/81799838985
- 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 A & B
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
- December 23, 2025 01:55 PM
- Notice Last Edited On
- January 14, 2026 02:09 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Agenda_PAB Board Meeting- January 14, 2026.pdf | Public Information Handout | 2026/01/07 03:07 PM |