Board Meeting: Private Activity Bond Program (PAB) - Revision 3
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General Information
- Government Type
- State Agency
- Entity
- Governor's Office > Office of Economic Development (GOED)
- Entity Website
- https://business.utah.gov/
- Public Body
- Private Activity Bond Program (PAB)
Notice Information
- Notice Title
- Board Meeting: Private Activity Bond Program (PAB)
- Notice Type(s)
- Meeting
- Event Start Date & Time
- October 7, 2026 09:00 AM
- Event End Date & Time
- October 7, 2026 12:00 PM
- Description/Agenda
- Date: October 7, 2026 Time: 9:00 a.m. - 12:00 p.m. Anchor Location: 1385 South State Street, Salt Lake City, Utah 84115 Virtual Link: https://utah-gov.zoom.us/j/81799838985 Agenda 1. Welcome and Introductions Welcome: New PAB Board Member, Mark Shepherd 2. Roll Call 3. Approval of Minutes - July 8, 2026 * 4. Division of Housing and Community Development Updates - None 5. Board Business a. Adopt Electronic Meeting Resolution * b. Adopt 2027 Meeting Schedule* c. Policy Workgroup Request d. Financial Report, Status of Accounts 6. Private Activity Bond Business a. Project Updates 7. Volume Cap Extension Applications * a. First Extension* Golden Links Manor, Related Affordable Acquisition/Rehabilitation: 31 Units, 100% Affordable 1132 24th Street, Ogden, UT 84401 Original Allocation: $2,639,000 [July 2026] IOOF Tower, Related Affordable Acquisition/Rehabilitation: 28 Units, 100% Affordable 85 W Sunset Avenue, South Salt Lake, UT 84115 Original Allocation: $2,560,000 Railyard Lofts, Pedcor Development Associates, LLC New Construction: 168 Units, 100% Affordable 195 West Rushton Street, Ogden, UT 84401 Original Allocation: $17,370,650 [July 2026] St George Villas, Hampstead Development Acquisition/Rehabilitation: 40 Units, 100% Affordable 351 Tabernacle Street, St George, UT 84770 Original Allocation: $3,319,000 [July 2026] The Winston, CHG Utah, LLC (Chelsea Investments) New Construction: 154 Units, 100% Affordable 1485 South 300 West, Salt Lake City, UT 84115 Original Allocation: $19,300,000 [July 2026] Washington Yards, Brinshore Development New Construction: 141 Units, 100% Affordable 1060 S Washington Street, Salt Lake City, UT 84101 Original Allocation: $16,645,000 [July 2026] b. Second Extension* Historic NW Pipeline, Housing Authority of SLC/HAME New Construction/Rehabilitation: 63 Units, 100% Affordable 315 East 200 South, Salt Lake City, UT 84111 Original Allocation: $13,500,000 [April 2026] The Lupine, Housing Authority of SLC/HAME New Construction: 133 Units, 100% Affordable 333 East 200 South, Salt Lake City, UT 84111 Original Allocation: $18,900,000 [April 2026] Provo Scattered Sites, Provo Housing Authority & Good Housing Partnership * Rehabilitation: 228 Units, 100% Affordable Various Locations: Provo, Utah County Original Allocation: $26,000,000 [April 2026] Supplemental Bond Request: $1,500,000 [October 2026] c. Third Extension Utah Housing Corporation * Single Family Mortgage Allocation Extension Original Allocation: $198,654,857.10 [January 2026] Additional Allocation: $2,000,999.70 [July 2026] Alta North Station, Alta Bay Capital * New Construction: 292 Units, 100% Affordable 1865 West North Temple, Salt Lake City, UT 84116 Original Allocation: $22,365,000 [January 2026] Emeril Apartments, Community Development Corporation of Utah & BlueLine Development * New Construction: 135 Units, 100% Affordable 826 Emeril Ave, Salt Lake City, UT 84116 Original Allocation: $12,900,000 [January 2026 Lotus Forge, Lotus Company * New Construction: 193 Units, 100% Affordable 2270 Lincoln Avenue, Ogden, UT 84401 Original Allocation: $17,000,000 [January 2026] Lotus Vale, Lotus Company * New Construction: 106 Units, 100% Affordable 195 West 7200 South, Midvale, UT 84047 Original Allocation: $11,500,000 [January 2026] Voluntary Partial Relinquishment: $750,000 [July 2026] Total Allocation: $10,750,000 South Salt Lake Affordable, Phase II, BCG ARC Fund * New Construction: 138 Units, 100% Affordable 2250 South State Street, South Salt Lake, UT 84115 Original Allocation: $12,500,000 [January 2026] The Chicago, Great Lakes Capital * New Construction: 119 Units, 100% Affordable 27-41 North Chicago Street, Salt Lake City, UT 84104 Original Allocation: $11,600,000 [January 2026] The Gregory, Great Lakes Capital * New Construction: 169 Units, 100% Affordable 738 West South Temple, Salt Lake City, UT 84104 Original Allocation: $15,800,000 [January 2026] theAmelia, Cole West & Affordable Housing Specialists * New Construction: 144 Units, 100% Affordable 916 South 200 West, Salt Lake City, UT 84101 Original Allocation: $14,500,000 [January 2026] d. Fourth Extension Jefferson Apartments, Great Lakes Capital * New Construction: 182 Units, 100% Affordable 1376-1390 South Jefferson Street, Salt Lake City, UT 84115 Original Allocation: $11,600,000 [October 2025] Lotus Crown, Lotus Company * New Construction: 25 Units, 100% Affordable 2331 Grant Ave, Ogden, UT 84401 Original Allocation: $4,000,000 [October 2025] One Fifty North (FKA Alta Fairpark), Alta Bay Capital * New Construction: 165 Units, 100% Affordable 140 North 1000 West, Salt Lake City, UT 84116 Original Allocation: $20,000,000 [October 2025] Revised Allocation: $12,600,000 [January 2026] Senior Living At Millcreek, SLAM Development * New Construction: 116 Units, 100% Affordable 151 12th Street, Ogden, UT 84404 Original Allocation: $13,386,000 [October 2025] e. Fifth Extension - None 8. New Volume Cap Application Requests a. Multi-Family Application Requests Van Buren Apartments, Roers Companies * New Construction: 209 Units, 100% Affordable 1528 South 300 West, Salt Lake City, UT 84115 Volume Cap Requested: $20,125,000 Score: 315 The Cooperative 1881, Phase 2, 22 Communities * New Construction: 128 Units, 100% Affordable 1879 West North Temple, Salt Lake City, UT 84040 Volume Cap Requested: $14,631,550 Score: 245 Adjourn Steve Waldrip * Needs approval
- 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)
- Notice of Electronic or Telephone Participation
- You are invited to a Zoom webinar! When: This is a recurring webinar Topic: Private Activity Bond Board Meeting Join from PC, Mac, iPad, or Android: https://utah-gov.zoom.us/j/81799838985 Phone one-tap: +16694449171,,81799838985# US +16699006833,,81799838985# US (San Jose) Join via audio: +1 669 444 9171 US +1 669 900 6833 US (San Jose) +1 719 359 4580 US +1 253 205 0468 US +1 253 215 8782 US (Tacoma) +1 346 248 7799 US (Houston) +1 360 209 5623 US +1 386 347 5053 US +1 507 473 4847 US +1 564 217 2000 US +1 646 931 3860 US +1 689 278 1000 US +1 929 205 6099 US (New York) +1 301 715 8592 US (Washington DC) +1 305 224 1968 US +1 309 205 3325 US +1 312 626 6799 US (Chicago) Webinar ID: 817 9983 8985 International numbers available: https://utah-gov.zoom.us/u/kxoZzhAvy
- 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.
Meeting Information
- Meeting Location
-
1385 South State Street
Floor 1
Salt Lake City, UT 84115
Show in Apple Maps Show in Google Maps - Contact Name
- Janell Quiroz
- Contact Email
- jquiroz@utah.gov
Notice Posting Details
- Notice Posted On
- September 16, 2026 08:12 AM
- Notice Last Edited On
- October 09, 2026 06:41 AM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Public Agenda_PAB Board Meeting - Oct 7, 2026.pdf | Public Information Handout | 2026/10/05 10:12 AM |