Housing Authority of Utah county Awards Financial Services Contract to Lotus Company (June 2025)

Utah Housing Corporation approved Resolution 2025-20 to issue up to $35,750,000 in tax-exempt mortgage revenue notes to finance the Lotus Fluence Apartments in Ogden. The funding will support acquisition, construction, and equipping of a 225-unit affordable multifamily development at or below 60% AMI.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $35,750,000

Contract type

FINANCIAL_SERVICES

Contract term

Bonds maturing on or before August 1, 2059; interest rate not to exceed 12% per annum

Renewal date

2059-08-01

Renewal

Single-series multifamily mortgage revenue note financing the Lotus Fluence Apartments, with bonds maturing no later than August 1, 2059; no annual UHC fee indicated.

Document type

Meeting Minutes

Source document

housing-authority-of-utah-county-meeting-minutes-2025-06-12_203.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Housing Authority of Utah county?

Lotus Company was awarded this financial services contract by Housing Authority of Utah county, as recorded on June 12, 2025. The contract value is Not to exceed $35,750,000.

How much is the Lotus Company contract with Housing Authority of Utah county worth?

The Lotus Company contract with Housing Authority of Utah county is valued at Not to exceed $35,750,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a meeting minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in housing-authority-of-utah-county-meeting-minutes-2025-06-12_203.pdf (Meeting Minutes), dated June 12, 2025 from Housing Authority of Utah county. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lotus Company hold?

Lotus Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Housing Authority of Utah county currently buying?

Explore Housing Authority of Utah county's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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