Utah Housing Corporation Annual Board Meeting Agenda Packet 2026-06-10
JPMorgan Chase Bank N.A. to Purchase Daybreak Phase I Note
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Description
UHC’s Board authorized JPMorgan Chase Bank, N.A. to purchase the permanent Governmental Note for the Daybreak Affordable Phase I development as part of a $35.5M transaction.
Contract Details
Contract Amount
Not to exceed $35,500,000 (Purchase of Governmental Note/Funding Loan)
Vendor
JPMORGAN CHASE BANK NA
Agency
Utah Housing Corporation, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
To mature on or before August 1, 2059
Renewal Date
2059-08-01
Renewal Info
Permanent loan; contract end date matches bond maturity.
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