CRA Recommends $2 Million Loan to Abstract Development
City of Salt LakeCity · Salt Lake City, UT- Disclosed value
- $2,000,000
- From agenda
- Document date
- Oct 13, 2026
- Term
- 5 years
The 30-second brief
The CRA recommended a $2 million Commercial Development Loan Program award to Abstract Development Group for the 1345 South Jefferson mixed-use project. The proposed five-year loan would support a development with market-rate housing and approximately 4,000 square feet of ground-floor commercial retail space.
Abstract Development Group holds this financial services contract with City of Salt Lake.
Term as filed: 5 years.
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Contract details
- Contract type
- Financial Services
- Amount
- $2,000,000
- Document date
- October 13, 2026
- Term
- 5 years
- Agency
- City of Salt Lake
- Source document
- Salt Lake City Community Reinvestment Agency Agenda 2026-10-13 (Agenda)
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Questions about this contract
Who was awarded the financial services contract by City of Salt Lake?
Abstract Development Group was awarded this financial services contract by City of Salt Lake, as recorded on October 13, 2026. The contract value is $2,000,000.
How much is the Abstract Development Group contract with City of Salt Lake worth?
The Abstract Development Group contract with City of Salt Lake is valued at $2,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Salt Lake City Community Reinvestment Agency Agenda 2026-10-13 (Agenda), dated October 13, 2026 from City of Salt Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Abstract Development Group hold?
Abstract Development Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Salt Lake currently buying?
Explore City of Salt Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.