FINANCIAL_SERVICESAPPROVED

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

Merchants Capital Finances Flats at Folsom Project

Not to exceed $33,932,800 (short-term construction and permanent loans)Utah Housing CorporationMERCHANTS CAPITALJune 10, 2026

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Description

The Flats at Folsom affordable housing project will be financed through loans by Merchants Capital, using UHC bond proceeds, with permanent financing maturing by 2050.

Contract Details

Contract Amount

Not to exceed $33,932,800 (short-term construction and permanent loans)

Vendor

MERCHANTS CAPITAL

Agency

Utah Housing Corporation, UT

Contract Type

FINANCIAL_SERVICES

Document Date

June 10, 2026

Contract Term

Construction and permanent loan (to July 1, 2050)

Renewal Date

2050-07-01

Renewal Info

No stated renewal; full term to bond maturity.

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