Utah Housing Corporation Annual Board Meeting Agenda Packet 2026-06-10
UHC Amends Financing for Daybreak Affordable Phase I
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Description
UHC amended the financing structure for Daybreak I Holdings, LP’s 203-unit affordable project, switching to Freddie Mac’s TEL program and continuing the $35.5M tax-exempt mortgage loan.
Contract Details
Contract Amount
$35,500,000 (mortgage loan)
Vendor
DAYBREAK I HOLDINGS LP
Agency
Utah Housing Corporation, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 10, 2026
Contract Term
Maturity on or before August 1, 2059
Renewal Date
2059-08-01
Renewal Info
Project loan extended/amended; new structure uses Freddie Mac TEL program. Final maturity August 2059.
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