FINANCIAL_SERVICESAPPROVED

Utah Housing Corporation Annual Board Meeting Agenda Packet 2026-06-10

Freddie Mac Chosen for Hive on 11th Permanent Financing

Not to exceed $29,870,500 (permanent loan)Utah Housing CorporationFREDDIE MACJune 10, 2026

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Description

Freddie Mac was approved as the permanent lender for UHC’s Hive on 11th affordable apartment project; Walker & Dunlop will purchase the loan.

Contract Details

Contract Amount

Not to exceed $29,870,500 (permanent loan)

Vendor

FREDDIE MAC

Agency

Utah Housing Corporation, UT

Contract Type

FINANCIAL_SERVICES

Document Date

June 10, 2026

Contract Term

Permanent loan, maturing by July 1, 2050

Renewal Date

2050-07-01

Renewal Info

Permanent financing for bond transaction; end date matched to bond maturity.

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