Utah Housing Corporation Annual Board Meeting Agenda Packet 2026-06-10
California Bank & Trust to Provide Construction Loan for Hive on 11th
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Description
Utah Housing Corporation authorized use of California Bank & Trust for short-term construction financing on the Hive on 11th affordable housing project, as part of a tax-exempt bond deal.
Contract Details
Contract Amount
Not to exceed $29,870,500 (short-term construction loan)
Vendor
CALIFORNIA BANK & TRUST
Agency
Utah Housing Corporation, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Construction phase (exact term not specified)
Renewal Info
Construction loan for bond-funded project; not subject to renewal by UHC.
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