salt-lake-city-council-formal-meeting-agenda-june-4-2024_b56.pdf
Salt Lake City Approves Negotiation with Housing Authority for Senior Housing Project
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Description
Salt Lake City Council authorized the Administration to negotiate final terms of a $5.6 million assistance package with the Housing Authority of Salt Lake City for the Fairmont Heights Senior Housing project. The agreement may take the form of a below-market ground lease or direct loan to the developer.
Contract Details
Contract Amount
$5.6 million (Community Development Block Grant funds)
Vendor
HOUSING AUTHORITY OF SALT LAKE CITY
Agency
City of Salt Lake, UT
Contract Type
OTHER
Document Date
June 4, 2024
Renewal Info
Final terms, including form (loan or ground lease), remain under negotiation; tax credit-related deadlines apply.
More from HOUSING AUTHORITY OF SALT LAKE CITY
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