Utah Low-Income Housing Tax Credits Summary of All Applications Received
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1 COMPETITIVE FEDERAL TAX CREDIT REQUESTS Northwest Real Estate Capital Corp. The Sandstone Affordable: 39 Units 210 W. Mallard Drive, Suite A 105 E. Canyon Commercial Avenue 5 Bldg./47 Units New $947,593 Bond Project: No Boise, Idaho Cedar City, Utah Nonprofit AMI: 42.58% Lori T Iron County Market: 8 Units Extended Use: 50 years Vecino Bond Group, LLC Cairn Point Affordable: 48 Units 305 W commercial St. 900 N 300 E 1 Bldg./60 Units New $1,000,000 Bond Project: No Springfield, MO Cedar City, Utah Forprofit AMI: 42.81% Karl Iron County Market: 12 Units Extended Use: 50 years Housing Management & Development Corporation Hyrum Little Bear Affordable: 5 Units 1100 Grant Avenue 626 West 275 North 5 Bldg./5 Units New $111,676 Bond Project: No Ogden, Utah Hyrum, Utah Nonprofit AMI: 55% Tim Cache County Market: 0 Units Extended Use: 50 years Willow Creek IV-V Associates of Grantsville, LLC Willow Creek IV-V Affordable: 21 Units 236 W. Plum Street 236 W. Plum Street 3 Bldg./21 Units Acq&Rehab $274,564 Bond Project: No Grantsville, Utah Grantsville, Utah Forprofit AMI: 42.52% Scott Tooele County Market: 0 Units Extended Use: 50 years Grand Vista Associates of Payson, LLC Grand Vista Apartments Affordable: 25 Units 650 E 100 N 650 E 100 N 1 Bldg./25 Units Acq&Rehab $391,352 Bond Project: No Payson, Utah Payson, Utah Forprofit AMI: 43.12% Scott Utah County Market: 0 Units Extended Use: 50 years Wingate Village Development, LLC Wingate Village Apartments Affordable: 20 Units 321 E Center St S Willow Tree Road 5 Bldg./22 Units New $513,873 Bond Project: No Moab, Utah Moab, Utah Nonprofit AMI: 42.70% Ben Grand County Market: 2 Units Extended Use: 50 years
2 Housing Plus Wooded Mountain Affordable: 7 Units 6880 S 700 W 2nd Floor 3174 S Wanita Lane 7 Bldg./7 Units New $192,466 Bond Project: No Midvale, Utah Magna, Utah Nonprofit AMI: 55% Daniel Salt Lake County Market: 0 Units Extended Use: 50 years Beaver Housing Authority Mt. Shadows II Affordable: 4 Units 40 N 300 E (P.O. Box 2357) Lot 9 Mountain Shadows Estates 4 Bldg./4 Units New $89,067 Bond Project: No Beaver, Utah Beaver, Utah AMI: 45.00% Max Beaver County Market: 0 Units Extended Use: 50 years Beaver Housing Authority Beaver Meadows Affordable: 12 Units 40 N 300 E (P.O. Box 2357) Approx. 400 W 700 N 12 Bldg./12 Units New $262,300 Bond Project: No Beaver, Utah Beaver, Utah AMI: 48.34% Max Beaver County Market: 0 Units Extended Use: 50 years Beaver Housing Authority Monroe I Affordable: 4 Units 40 N 300 E (P.O. Box 2357) Lot 7, Block 1 4 Bldg./4 Units New $83,620 Bond Project: No Beaver, Utah Monroe, Utah AMI: 47.00% Max Sevier County Market: 0 Units Extended Use: 50 years Horizon Development Enterprises Eagle Pointe Village Affordable: 60 Units 1466 North Hwy 89, Suite E Eagle Mountain Blvd. 40 Bldg./80 Units New $1,000,000 Bond Project: No Farmington, Utah Eagle Mountain, Utah Nonprofit AMI: 43.64% Kirt Utah County Market: 20 Units Extended Use: 50 years Gardner Batt, LLC Central Station Apartments Affordable: 52 Units 423 W 300 S, # West 200 South 1 Bldg./65 Units New $1,000,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Forprofit AMI: 43.37% Michael Salt Lake County Market: 13 Units Extended Use: 50 years
3 Brinshore Development, LLC 255 State Affordable: 50 Units 666 Dundee Road, Suite South State Street 2 Bldg./73 Units New $1,000,000 Bond Project: No Northbrook, IL Salt Lake City, Utah Forprofit AMI: 46.20% Whitney Salt Lake County Market: 23 Units Extended Use: 50 years Housing Assistance Management Enterprise Spark! Affordable: 50 Units 1776 So. West Temple 1500 W North Temple 1 Bldg./73 Units New $994,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Nonprofit AMI: 46.20% Joe Salt Lake County Market: 23 Units Extended Use: 50 years Peter Corroon-Corroon Company, LLC Centro Civico Senior Housing Affordable: 49 Units 76 H Street 145 S 600 W 1 Bldg./61 Units New $805,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Forprofit AMI: 43.36% Peter Salt Lake County Market: 12 Units Extended Use: 50 years Escalante III SLC LLC Escalante III Apartments Affordable: 80 Units 223 West 700 South 1040 N Redwood Road 6 Bldg./80 Units Acq&Rehab $796,780 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Forprofit AMI: 43.80% Marion A Salt Lake County Market: 0 Units Extended Use: 50 years 426 Apartments, LP 426 Apartments Affordable: 40 Units 411 North Grant Street 426 S 500 E 1 Bldg./40 Units New $758,722 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Nonprofit AMI: 25.00% Shawn Salt Lake County Market: 0 Units Extended Use: 50 years Housing Assistance Management Enterprise Capitol Homes Apartments Affordable: 62 Units 1776 So. West Temple 749 S State Street 1 Bldg./93 Units New $1,000,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah AMI: 42.75% Joe Salt Lake County Market: 31 Units Extended Use: 50 years
4 Housing Assistance Management Enterprise Book Cliffs Lodge Affordable: 43 Units 1776 So. West Temple 1159 So. West Temple 1 Bldg./54 Units New $845,700 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah AMI: 44.69% Joe Salt Lake County Market: 11 Units Extended Use: 50 years Diamond Rail Apartments LLC Diamond Rail Apartments Affordable: 55 Units 50 N 600 W, Unit D 535 W 300 N 1 Bldg./80 Units New $1,000,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Forprofit AMI: 43.53% Ivan Salt Lake County Market: 25 Units Extended Use: 50 years Leavitt Land & Investment Driscoll Lane Phase II Affordable: 58 Units 216 S 200 W 1021 S 350 E 3 Bldg./72 Units New $953,501 Bond Project: No Cedar City, Utah Cedar City, Utah Forprofit AMI: 43.81% Brent Iron County Market: 14 Units Extended Use: 50 years Total Competitive Credits : $14,020,214
5 STATE OF UTAH TAX CREDIT REQUESTS Vecino Bond Group, LLC Cairn Point Affordable: 48 Units 305 W commercial St. 900 N 300 E 1 Bldg./60 Units New $80,017 Bond Project: No Springfield, MO Cedar City, Utah Forprofit AMI: 38.75% Karl Iron County Market: 12 Units Extended Use: 50 years Willow Creek IV-V Associates of Granstville, LLC Willow Creek IV-V Affordable: 21 Units 236 W. Plum Street 236 W. Plum Street 3 Bldg./21 Units Acq&Rehab $41,180 Bond Project: No Grantsville, Utah Grantsville, Utah Forprofit AMI: 40.14% Scott Tooele County Market: 0 Units Extended Use: 50 years 426 Apartments, LP 426 Apartments Affordable: 40 Units 411 North Grant Street 426 S 500 E 1 Bldg./40 Units New $160,000 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah Nonprofit AMI: 25.00% Shawn Salt Lake County Market: 0 Units Extended Use: 50 years Housing Assistance Management Enterprise Book Cliffs Lodge Affordable: 43 Units 1776 So. West Temple 1159 So. West Temple 1 Bldg./54 Units New $29,723 Bond Project: No Salt Lake City, Utah Salt Lake City, Utah AMI: 43.06% Joe Salt Lake County Market: 11 Units Extended Use: 50 years Total State Tax Credits : $310,920 General Data* Unit Types SRO/Studio >3
Utah Low-Income Housing Tax Credits Summary of Federal and State Housing Credit Awards
COMPETITIVE FEDERAL TAX CREDIT REQUESTS Housing Management & Development Corp. Brigham & Dan Street, LLC (2) Affordable: 1 Units 1100 Grant Avenue 357 Dan Street 1 Bldg./1 Units New $19,361 Ogden, Utah
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