Utah Housing Corporation Annual Board Meeting Agenda Packet 2026-06-10
Richards St. Apartments Receives UHC Bond Proceeds for Hive on 11th
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Description
Utah Housing Corporation approved a bond financing and tax credits package for Richards St. Apartments, LP for the 169-unit Hive on 11th project in Salt Lake City.
Contract Details
Contract Amount
Up to $29,870,500 (loaned bond proceeds); plus approx. $26,070,021 (tax credits) and $4,499,550 (State credits)
Vendor
RICHARDS ST. APARTMENTS LP
Agency
Utah Housing Corporation, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Permanent mortgage maturity by July 1, 2050
Renewal Date
2050-07-01
Renewal Info
Bond-funded loan with permanent maturity matching bonds; no recurring renewal.
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