Utah Housing Corporation Monthly Board Meeting Agenda Packet April 2026
Citibank to fund Kearns Apartments tax-exempt loan
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Description
Utah Housing Corporation approved a tax-exempt Funding Loan from Citibank, N.A. of up to $11,990,000 to finance the Kearns Apartments multifamily development. The loan, maturing no later than June 1, 2074, will support construction and rehabilitation of 82 affordable units.
Contract Details
Contract Amount
Tax-exempt mortgage loan not to exceed $11,990,000
Vendor
CITIBANK N.A.
Agency
Utah Housing Corporation, UT
Contract Type
FINANCIAL_SERVICES
Document Date
April 23, 2026
Contract Term
Maturity on or before June 1, 2074
Renewal Date
2074-06-01
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