DOCSLIB.ORG

NEW ISSUE RATING: Moody’S Aa3

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NEW ISSUE RATING: Moody’S Aa3 NEW ISSUE RATING: Moody’s Aa3 Interest on the 2017 Series B Bonds is taxable as ordinary income for federal income tax purposes. See “Legality and Tax Status” herein. $10,700,000 UTAH HOUSING CORPORATION Single Family Mortgage Bonds, 2017 Series B (Federally Taxable) Dated: Date of Delivery Due: As shown below The Utah Housing Corporation Single Family Mortgage Bonds, 2017 Series B (Federally Taxable) (the “2017 Series B Bonds”) are being issued under and pursuant to a General Indenture of Trust, dated as of August 1, 2012 (the “General Indenture”), between Utah Housing Corporation (“UHC”) and ZB, National Association dba Zions Bank, as trustee (the “Trustee”), and a 2017 Series B Indenture, dated as of December 1, 2017, between UHC and the Trustee. The 2017 Series B Bonds are issuable only as fully registered bonds without coupons and will be registered in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC”), New York, New York. DTC will act as securities depository of the 2017 Series B Bonds. Individual purchases will be made in book-entry form only, in the principal amount of $1,000 or any integral multiple of $1,000 in excess thereof. Purchasers will not receive certificates representing their interest in 2017 Series B Bonds purchased. Interest on the 2017 Series B Bonds is payable on July 1, 2018 and thereafter semiannually on July 1 and January 1 of each year. Principal and interest on the 2017 Series B Bonds are payable by the Paying Agent to DTC, which will be responsible for remitting such principal and interest to its Participants, which will be responsible for remitting such principal and interest to the Beneficial Owners of the 2017 Series B Bonds, as described under the caption “DESCRIPTION OF THE 2017 SERIES B BONDS – Book-Entry Provisions” herein. The 2017 Series B Bonds are subject to redemption prior to maturity, including special redemption at par under certain circumstances, as more fully described herein. $10,700,000 2.69% Term Bonds Due January 1, 2048 Price 100% CUSIP 917436 7B7 (Plus accrued interest) The 2017 Series B Bonds are special obligations of Utah Housing Corporation, payable solely from and secured by the pledge pursuant to the Indenture of the revenues and assets derived from the proceeds of the Bonds, including the money and securities held in the Funds and Accounts created by the Indenture. Such pledge and lien of the Indenture on revenues and other assets is on parity with the pledge and lien of other Bonds outstanding under the Indenture. Neither the State of Utah nor any political subdivision thereof is obligated to pay the 2017 Series B Bonds and neither the faith and credit nor the taxing power of the State of Utah or of any political subdivision thereof is pledged to the payment of the principal or redemption price of or interest on the 2017 Series B Bonds. UHC has no taxing power. The 2017 Series B Bonds are offered when, as and if received by the Underwriter, subject to the approval of legality by Gilmore & Bell, P.C., Salt Lake City, Utah, and certain other conditions. It is expected that definitive 2017 Series B Bonds will be available for delivery in Salt Lake City, Utah, on or about December 14, 2017. Dated: November 9, 2017 UTAH HOUSING CORPORATION STATE OF UTAH BOARD OF TRUSTEES Lerron E. Little, Chair Robert P. Majka, Vice Chair David Damschen (Ex officio—Utah State Treasurer) G. Edward Leary (Ex officio—Utah State Commissioner of Financial Institutions) Jon Pierpont (Ex officio—Executive Director, Utah Department of Workforce Services) Cathy G. Burrows Mark B. Cohen Brett Mills Patricia Sheffield PRESIDENT AND CEO Grant S. Whitaker BOND COUNSEL Gilmore & Bell, P.C. Salt Lake City, Utah UHC COUNSEL Jones, Waldo, Holbrook & McDonough, P.C. Salt Lake City, Utah TRUSTEE AND PAYING AGENT ZB, National Association dba Zions Bank Salt Lake City, Utah No dealer, broker, salesman or other person has been authorized by UHC or the Underwriter to give any information or to make any representations other than those contained in this Official Statement and, if given or made, such other information or representations must not be relied upon as having been authorized by any of the foregoing. This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the 2017 Series B Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer, solicitation or sale. The information set forth herein has been obtained from UHC and other sources which are believed to be reliable, but it is not guaranteed as to accuracy or completeness and is not to be construed as a representation by the Underwriter. The information and expressions of opinion herein are subject to change without notice, and neither the delivery of this Official Statement nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of UHC or any other parties described herein since the date as of which such information is presented. In connection with this offering, the Underwriter may over-allot or effect transactions which stabilize or maintain the market price of the 2017 Series B Bonds offered hereby at a level above that which might otherwise prevail in the open market. Such stabilizing, if commenced, may be discontinued at any time. _____________ TABLE OF CONTENTS INTRODUCTION ................................................... 1 Redemption Fund ........................................... 32 CONTINUING DISCLOSURE ............................... 2 Investment of Moneys Held by the UTAH HOUSING CORPORATION ...................... 2 Trustee ..................................................... 32 Operations to Date ............................................ 4 Program Covenants; Enforcement of DESCRIPTION OF THE 2017 SERIES B Mortgage Loans....................................... 33 BONDS ...................................................... 6 Additional Requirements Pertaining to General Terms ................................................... 6 2017 Series B Mortgage Loans ............... 33 Special Redemption .......................................... 7 Assignment or Disposition of Mortgage Optional Redemption ........................................ 7 Loans; Amendment of Mortgage Sinking Fund Redemption ................................ 8 Loans ....................................................... 33 Additional Bonds ............................................ 10 Creation of Liens ............................................ 34 Defeasance ...................................................... 10 Events of Default ............................................ 34 Estimated Weighted Average Lives of Remedies ........................................................ 34 the Term 2017 Series B Bonds ................ 10 Majority Bondholders Control Book-Entry Provisions .................................... 11 Proceedings ............................................. 36 SOURCES AND USES OF FUNDS ..................... 13 Modifications of Indenture and Sources of Funds ............................................. 13 Outstanding Bonds .................................. 36 Uses of Funds.................................................. 13 Defeasance...................................................... 37 SECURITY FOR AND SOURCES OF SUMMARY OF CERTAIN PROVISIONS OF PAYMENT OF THE BONDS ................. 13 THE CONTINUING DISCLOSURE Pledge ............................................................. 13 CERTIFICATE ....................................... 37 Debt Service Reserve Fund ............................. 13 Definitions ...................................................... 37 ASSUMPTION’S REGARDING REVENUES, Provision of Annual Bond Disclosure DEBT SERVICE REQUIREMENTS, Reports .................................................... 38 OPERATING EXPENSES AND Content of Annual Bond Disclosure CERTAIN OTHER MATTERS .............. 14 Reports .................................................... 38 Delays after Defaults on Mortgage Reporting of Significant Events ..................... 39 Loans ....................................................... 15 Termination of Reporting Obligation ............. 40 Nonorigination of Mortgage Loans ................. 15 Dissemination Agent ...................................... 40 SINGLE FAMILY MORTGAGE PROGRAM ..... 17 Amendment; Waiver ...................................... 40 Introduction ..................................................... 17 Additional Information ................................... 40 Requirements for Mortgage Loans ................. 17 Default ............................................................ 41 Participation Documents ................................. 18 Beneficiaries ................................................... 41 Program Descriptions...................................... 19 LEGALITY FOR INVESTMENT ........................ 41 Sale of Servicing to UHC ............................... 20 LEGALITY AND TAX STATUS ......................... 41 Servicing Procedures ...................................... 20 NO LITIGATION.................................................. 41 SUMMARY OF CERTAIN PROVISIONS OF UNDERWRITING ................................................ 41 THE INDENTURE .................................. 21 RATING ................................................................ 42 Definitions of Certain Terms .......................... 21 ADDITIONAL INFORMATION.........................
Load more

Recommended publications
  • 2019 UHC Compliance Manual
    Housing Credit Compliance Manual 1 Revised August 2019 Table of Contents Introduction ........................................................................................................................................ 7 Foreword ............................................................................................................................................. 7 Background .......................................................................................................................................... 7 1. Program Fundamentals .................................................................................................................... 9 Project Lifecycle .............................................................................................................................................. 9 Before Credit Period ........................................................................................................................................ 9 Eligible Basis ................................................................................................................................................... 9 Claiming Credits .............................................................................................................................................. 9 LURA ............................................................................................................................................................. 10 Credit Period ................................................................................................................................................
    [Show full text]
  • Single Family Mortgage Bonds 2019 Series a (Federally Taxable)
    NEW ISSUE – Book-Entry-Only Rating: Moody’s “Aa2” See “RATING” herein The interest on the 2019 Series A Bonds is included in gross income for federal income tax purposes. In the opinion of Gilmore & Bell, P.C., Bond Counsel to UHC, under existing law, the interest on the 2019 Series A Bonds is exempt from Utah individual income taxes. See “TAX MATTERS” herein. $162,505,000 UTAH HOUSING CORPORATION Single Family Mortgage Bonds 2019 Series A (Federally Taxable) Interest from: Date of Delivery Due: see inside front cover The Utah Housing Corporation Single Family Mortgage Bonds, 2019 Series A (Federally Taxable) (the “2019 Series A Bonds”) are being issued under and pursuant to a General Indenture of Trust, dated as of October 1, 2019, between Utah Housing Corporation (“UHC”) and Zions Bancorporation, National Association, as trustee (the “Trustee”), and a 2019 Series A Indenture, dated as of October 1, 2019, between UHC and the Trustee. The 2019 Series A Bonds are issuable only as fully registered bonds without coupons and will be registered in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC”), New York, New York. DTC will act as securities depository for the 2019 Series A Bonds. Individual purchases will be made in book-entry form only in the principal amount of $5,000 and integral multiples thereof. Purchasers will not receive certificates representing their interest in 2019 Series A Bonds. Interest on the 2019 Series A Bonds is payable semiannually on January 1 and July 1 of each year, commencing July 1, 2020.
    [Show full text]
  • Utah Treasurer David Damschen Resigns from Office to Succeed Utah Housing Corporation President and CEO Grant Whitaker
    Utah Treasurer David Damschen resigns from office to succeed Utah Housing Corporation President and CEO Grant Whitaker Grant Whitaker retires after 42 years at Utah Housing Corporation. David Damschen to assume role of Utah Housing Corporation president and CEO on May 3. SALT LAKE CITY – April 12, 2021 – Utah State Treasurer David Damschen today announced his resignation as state treasurer effective April 30. The Utah Housing Corporation (UHC) Board of Trustees has selected him to succeed Grant Whitaker as president and CEO of UHC, where he will begin his service on May 3. Whitaker is retiring after 42 years with the organization, including 12 years at its helm. UHC was created as a public corporation by state legislation in 1975 to provide affordable financing of single-family homes and apartments for people of low and moderate income. Receiving no taxpayer appropriated money, the organization provides financing and down payment assistance to homebuyers and resources to developers building or renovating affordable apartment projects. “While Utah Housing’s mission has remained unchanged, the activities surrounding that mission have evolved. We have stretched limited resources and identified new means to serve a population that continues to grow,” Whitaker said. “Immediately after I was selected as the president and CEO, America entered into the Great Recession. My team implemented programs and changes that enabled us to not only weather that storm but to build a stronger and more nimble entity that provides Utahns more diverse types of financial assistance.” Under Whitaker’s leadership, UHC has evolved to meet the challenges of a dynamic Utah housing market by providing diverse financing programs.
    [Show full text]
  • Private Activity Bond Authority Board Meeting
    PRIVATE ACTIVITY BOND AUTHORITY BOARD MEETING Department of Workforce Services Housing & Community Development 1385 South State Street, Suite 400 Salt Lake City, Utah MINUTES – Pending approval and are subject to change Wednesday, October 10, 2018 Members Present Representing John T. Crandall (Chairman) Governor’s Office of Economic Development Grant S. Whitaker Utah Housing Corporation David Damschen State Treasurer Ricky Hatch Weber County Wally Ritchie City of Ivins Chip Dawson South Jordan City Wayne Cushing Salt Lake County Bryan E. Thompson Utah County Excused Members Ginger Chinn Governor’s Office of Economic Development David A. Feitz Utah State Board of Regents Staff and Visitors Jess Peterson Community Development Office Keith Heaton Community Development Office John Brereton Affordable Housing Advisors Debbie Kurzban Attorney General’s Office Kevin Peterson America West Amy Rowland CDFA Mark Cornelius Cowboy Partners Troy Hart Housing Authority County of Salt Lake Adam Paul JF Capital Clay Hardman Gilmore & Bell Blake Wade Gilmore & Bell Chris Parker GIV Matt Schwartz Domain Jay Minnick Triago Mark Cornelius Cowboy Corey Johnson Wasatch Soren Simonssen Broadway-Heritage Village Patrick Szymanski DWS WELCOME AND INTRODUCTIONS The Private Activity Bond Authority (PAB) Board Meeting was held in Salt Lake City, Utah, at the Housing & Community Development’s Offices and called to order at 9:00 a.m., by John T. Crandall, Chairman. APPROVAL OF MINUTES Chair Crandall requested a motion to approve the minutes from the July 11, 2018 Private Activity Bond Authority Board Meeting. Suggested changes were sent to Jess and those changes were made before the minutes were sent out. Grant Whitaker moved and Wayne Cushing seconded a motion to approve the minutes from the July 11, 2018 Private Activity Bond Authority Board Meetings.
    [Show full text]
  • Completed Housing Credit Projects by County Utah Housing Corporation
    Completed Housing Credit Projects by County Utah Housing Corporation Total Project Name Address City County Units Manager Phone Country Village 380 West 600 North Beaver Beaver 12 435-438-2935 CROWN at Beaver City II Scattered Sites Beaver Beaver 5 435-438-2935 CROWN at Beaver III Scattered Sites Beaver Beaver 4 435-438-2935 CROWN at Mountain Shadows Scattered Sites Beaver Beaver 4 435-438-2935 CROWN at Tushar Mountain Scattered Sites Beaver Beaver 4 435-438-2935 Mountain Shadows II Scattered Sites Beaver Beaver 4 435-438-2935 CROWN at Milford Scattered Sites Milford Beaver 4 435-438-2935 CROWN at Beaver County Scattered Sites Minersville/Milford Beaver 5 435-438-2935 Box Elder Commons 380 North 300 East Brigham City Box Elder 15 435-257-5990 Brigham Scattered Sites Brigham City Box Elder 3 801-627-5851 Brigham Place Apartments 168 East 800 South Brigham City Box Elder 72 435-723-1051 Brigham Place - II 240 East 850 South Brigham City Box Elder 48 435-723-1051 Brittany Greens Apartments 460 Westland Drive Brigham City Box Elder 90 435-734-1838 Cottonwood Grove 960 Cotton Grove Drive Brigham City Box Elder 56 435-723-4455 Cottonwood Grove II 880 West 575 South Brigham City Box Elder 56 435-723-4455 Foothill Manor I 659 North 100 East Brigham City Box Elder 14 435-734-2535 Foothill Manor II 650 North Main Brigham City Box Elder 14 435-734-2535 Woodlands Senior Apartments 441 East 900 South Brigham City Box Elder 48 435-723-2200 Ashfield Apartments 2711 West 450 North Tremonton Box Elder 48 435-257-5990 Bear River Valley Apartments 777 West
    [Show full text]
  • NEW ISSUE RATING: Moody's Aa3
    NEW ISSUE RATING: Moody’s Aa3 Interest on the 2017 Series A Bonds is taxable as ordinary income for federal income tax purposes. See “Legality and Tax Status” herein. $30,000,000 UTAH HOUSING CORPORATION Single Family Mortgage Bonds, 2017 Series A (Federally Taxable) Dated: Date of Delivery Due: As shown below The Utah Housing Corporation Single Family Mortgage Bonds, 2017 Series A (Federally Taxable) (the “2017 Series A Bonds”) are being issued under and pursuant to a General Indenture of Trust, dated as of August 1, 2012 (the “General Indenture”), between Utah Housing Corporation (“UHC”) and Zions Bank, a division of ZB, National Association, as trustee (the “Trustee”), and a 2017 Series A Indenture, dated as of April 1, 2017, between UHC and the Trustee. The 2017 Series A Bonds are issuable only as fully registered bonds without coupons and will be registered in the name of Cede & Co., as nominee of The Depository Trust Company (“DTC”), New York, New York. DTC will act as securities depository of the 2017 Series A Bonds. Individual purchases will be made in book-entry form only, in the principal amount of $1,000 or any integral multiple of $1,000 in excess thereof. Purchasers will not receive certificates representing their interest in 2017 Series A Bonds purchased. Interest on the 2017 Series A Bonds is payable on July 1, 2018 and thereafter semiannually on July 1 and January 1 of each year. Principal and interest on the 2017 Series A Bonds are payable by the Paying Agent to DTC, which will be responsible for remitting such principal and interest to its Participants, which will be responsible for remitting such principal and interest to the Beneficial Owners of the 2017 Series A Bonds, as described under the caption “DESCRIPTION OF THE 2017 SERIES A BONDS – Book-Entry Provisions” herein.
    [Show full text]
  • Affordable Housing Reference Guide
    DEVELOPERS // HOMEOWNERS // RENTERS // TRANSITIONAL & SPECIAL-NEEDS HOUSING AFFORDABLE HOUSING REFERENCE GUIDE SALT LAKE CITY HOUSING AND NEIGHBORHOOD DEVELOPMENT SLCGOV.COM/HAND // TEL 801-535-7712 // FAX 801-535-6078 INTRODUCTION 5000 DOORS The 5000 Doors Affordable Housing Reference Guide was developed by Salt Lake City Housing & Neighborhood Development as a tool for developers of affordable housing; homeowners looking to purchase or preserve their home; and renters looking for affordable housing options. One of the most important outcomes of the 5000 Doors initiative is to strengthen the relationships between partners providing affordable housing. This collaboration is an ongoing effort making an all encompassing reference guide an evolving document that will be updated on a regular basis at the 5000 Doors website, slc5000doors.com. For additional information on any of the organizations listed here or if your organization would like to be included in this guide please contact the Salt Lake City Division of Housing & Neighborhood Development. Michael Akerlow, Director Housing & Neighborhood Development [email protected] Nichol Bourdeaux, Deputy Director Housing & Neighborhood Development [email protected] CONTACT Todd Reeder Housing Development Programs Specialist [email protected] 801-535-7115 slc5000doors.com TABLE OF CONTENTS DEVELOPERS Developing affordable housing can be a very complex endeavor as it often 1 requires several layers of financing and a unique operating model. The organizations listed in this section can assist in financial analysis, affordable housing development subsidies, tax credits, development education and policy. > Finance > Development > Technical Assistance HOMEOWNERS Homeownership can be a challenge whether you are considering 2 homeownership for the first time, looking to find an affordable home, or simply want to preserve and rehabilitate your current home.
    [Show full text]
  • UTAH HOUSING CORPORATION 2479 S. Lake Park Blvd
    UTAH HOUSING CORPORATION MONTHLY MEETING MAY 27 , 2021 1:30 PM MDT UTAH HOUSING CORPORATION 2479 S. Lake Park Blvd. • West Valley City, Utah 84120 (801)902-8200 • 1-800-284-6950 • Facsimile (801)902-8350 AGENDA 2479 S. Lake Park Blvd. West Valley City, UT 84120 801.902.8200 www.utahhousingcorp.org NOTICE OF MONTHLY MEETING UTAH HOUSING CORPORATION May 27, 2021 PUBLIC NOTICE is hereby given that Utah Housing Corporation (UHC) will hold a Monthly Meeting commencing at 1:30 p.m. Thursday, May 27, 2021. Trustees of UHC will participate via in person or video conference originated by the President. Within the meanings accorded by Utah law, the Meeting shall be an Electronic Meeting, and the Anchor Location shall be the UHC Offices at 2479 South Lake Park Blvd., West Valley City, Utah. In compliance with the Americans with Disabilities Act, persons requesting special accommodations during the meeting should notify UHC not less than 24 hours prior to the meeting. To join the meeting, please go to https://zoom.us/j/92402269757?pwd=R2puM3dLb3lnVDF6N0RheW5ReVlvZz09. The agenda will be substantially as follows: 1. Approval of minutes: • April 29, 2021 Monthly Meeting 2. Disclosure of Trustees’ Interests 3. Resolution 2021-16 Authorizing the issuance of not to exceed $300,000,000 GNMA MBS 4. Resolution 2021-17 Authorizing the issuance of Single Family Tax-Exempt MBS Backed Securities of an amount not to exceed $250,000,000 5. Reports/Non-Action Items • GRAMA overview • Update - Trustee appointments/re-appointments • Operational/office status update • Board workshop • Legislative/public relations update • Financial Reports UTAH HOUSING CORPORATION David C.
    [Show full text]
  • State of Utah 2016 Federal Housing Credit Program Allocation Plan
    State of Utah 2016 Federal Housing Credit Program Allocation Plan Approved By UHC Trustees July 30, 2015 Approved By Governor Gary R. Herbert August 4, 2015 State of Utah Housing Credit Program Qualified Allocation Plan 1. GENERAL OVERVIEW ............................................................................................................................................... 1 THE HOUSING CREDIT PROGRAM AND ALLOCATION PLAN .......................................................................... 2 INTRODUCTION ........................................................................................................................................................... 3 FAIR HOUSING ............................................................................................................................................................. 5 GOVERNMENT RECORDS ACCESS AND MANAGEMENT ACT ........................................................................... 5 OVERVIEW OF ALLOCATION PLAN ......................................................................................................................... 6 HOUSING CREDIT PROGRAM TRAINING ................................................................................................................ 7 A. Application Training ................................................................................................................................................... 7 B. Housing Credit Program Training .............................................................................................................................
    [Show full text]
  • State of Utah 2021 Federal and State
    State of Utah 2021 Federal and State Housing Credit Program Allocation Plan Approved By UHC Trustees June 25, 2020 Approved By Governor Gary R. Herbert July 3, 2020 Table of Contents INTRODUCTION .......................................................................................................................................................... 7 CONDITIONS AND DISCLAIMERS ........................................................................................................................... 8 APPLICATION TRAINING ........................................................................................................................................ 11 APPLICATION PROCESS .......................................................................................................................................... 11 NOTICE TO APPLICANTS: ............................................................................................................................................... 11 A. Applicant Disqualification ............................................................................................................................ 11 B. Market Saturation Ineligibility ...................................................................................................................... 12 C. Ineligible Project Types ................................................................................................................................ 12 COMMON APPLICATION AND SHARING OF INFORMATION WITH OTHER FINANCIAL SOURCES ......... 12
    [Show full text]
  • Sign This Letter
    September 24, 2021 The Honorable Chuck Schumer The Honorable Nancy Pelosi U.S. Senate U.S. House of Representatives Washington, DC 20510 Washington, DC 20515 The Honorable Mitch McConnell The Honorable Kevin McCarthy U.S. Senate U.S. House of Representatives Washington, DC 20510 Washington, DC 20515 To Leader Schumer, Leader McConnell, Speaker Pelosi, and Leader McCarthy: e, the undersigned 1,577 organizations, call on Congress to take bold action to achieve the large-scale, sustained investments and anti-racist reforms necessary to ensure that Wthe lowest-income and most marginalized renters have an affordable place to call home. The Build Back Better Act is a once-in-a-generation opportunity to advance the HoUSed campaign’s top priorities and create foundational and lasting change by expanding rental assistance, repairing public housing, and investing in the national Housing Trust Fund. We strongly encourage all members of congress to support the policy priorities articulated below in the Build Back Better Act. We urge congressional leaders to ensure that as the Build Back Better Act advances in Congress, the allocation for housing investments through the House Financial Services and Senate Banking Committee remain at the highest level possible and that funding levels for rental assistance, public housing and the Housing Trust Fund receive no less than the amounts included in the bill approved by the House Financial Services Committee on September 14. Any cuts to the overall budget reconciliation package or changes to program levels must not come at the expense of proven solutions for households with the greatest needs. To help address America’s housing and homelessness crisis, the forthcoming economic recovery package must: 1.
    [Show full text]
  • Notice of Regular Meeting of Utah Housing Corporation July 29, 2010
    2479 S. Lake Park Blvd. West Valley City, UT 84120 P 801.902.8290 F 801.902.8390 www.utahhousingcorp.org Grant S. Whitaker President & CEO NOTICE OF REGULAR MEETING OF UTAH HOUSING CORPORATION JULY 29, 2010 PUBLIC NOTICE is hereby given that Utah Housing Corporation will hold a Regular Meeting at the offices of Utah Housing Corporation (UHC) 2479 South Lake Park Blvd., West Valley City, Utah, commencing at 1:30 p.m. Thursday July 29, 2010. One or more Trustees of UHC may participate via telephonic conference originated by the President. In that event and within the meanings accorded by Utah law, the Meeting shall be an Electronic Meeting, and the Anchor Location shall be the offices of UHC located at 2479 Lake Park Blvd., West Valley City, Utah. In compliance with the Americans with Disabilities Act, persons requesting special accommodations during the meeting should notify UHC not less than 24 hours prior to the meeting. The agenda will be substantially as follows: 1. Approval of minutes: June 18, 2010 Special Meeting 2. Resolution 2010-13 approving the 2011 Qualified Allocation Plan for Low Income Housing Tax Credits 3. Resolution 2010-14 awarding 4% Federal Tax Credits 4. Resolution 2010-15 a reimbursement resolution for State Street Plaza, Salt Lake City, Utah 5. Resolution 2010-16 a reimbursement resolution for Liberty Peak Apartments, Summit County, Utah 6. Resolution 2010-17 approving the issuance and sale of not to exceed $10,000,000 Multifamily Housing Revenue Bonds (Providence Place Apartments) Salt Lake City, Utah 7. Resolution 2010-18 approving the issuance and sale of not to exceed $28,000,000 Multifamily Housing Revenue Bonds (Fireclay II Apartments) Murray, Utah 8.
    [Show full text]