Millcreek Community Reinvestment Agency Minutes April 13 2026
Millcreek CRA approves housing participation agreement
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Description
The Millcreek Community Reinvestment Agency approved Resolution 26-02, entering into a performance-based participation agreement with MC29 Development LLC for a 23-unit owner-occupied condominium project on Villa Vista Avenue. The CRA will contribute up to $50,000 per unit, or a maximum of $1,150,000, contingent on verified construction milestones and in coordination with Utah Housing Corporation financing. The project is designed to support attainable homeownership for qualified first-time buyers.
Contract Details
Contract Amount
Up to $50,000 per unit for 23 units (maximum $1,150,000)
Vendor
MC29 DEVELOPMENT LLC
Agency
City of Millcreek, UT
Contract Type
OTHER
Document Date
April 13, 2026
Renewal Info
Participation agreement funding is capped at $50,000 per unit for 23 units and is disbursed only after Utah Housing Corporation verifies construction milestones and issues reimbursement; the agreement is contingent on a separate development agreement to be approved later.
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Millcreek City Council Meeting Minutes April 13 2026
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