Holladay council approves Royal Holladay Hills affordable housing agreement 6-0 in December 2025
After discussions in November and early December 2025, the City Council approved an affordable housing agreement with the redevelopment agency and KMW Development on Dec. 18, 2025. Later agency agendas proposed a $2.5 million budget amendment and an amendment to the agreement.
Continuing story: Utah's housing crunchAuditing Holladay
The Holladay City Council approved an affordable housing agreement for the Royal Holladay Hills project on Dec. 18, 2025, two weeks after a Dec. 4 work session discussion covered in our earlier story. [1]
The December vote
After a continued public hearing, Council Member Ty Brewer moved to approve Resolution 2025-37, an agreement among the city, the Redevelopment Agency of Holladay and KMW Development, LLC relating to affordable housing in the Royal Holladay Hills project. Council Member Drew Quinn seconded. [1]
Council Members Emily Gray, Quinn, Paul Fotheringham, Matt Durham and Brewer and Mayor Rob Dahle voted yes, and the resolution passed 6-0. No conflicts or recusals are recorded. [1]
At the hearing, two speakers asked that the vote wait until Jan. 20, 2026, and a representative of the Block E developer asked for approval that night. [1]
Terms described at the meeting
Fotheringham described about $2.5 million in city money as restricted and said it is a loan until housing is built, delivered for occupancy and deed-restricted. The minutes record: "The loan has provisions for loan forgiveness of the principal as units are built, delivered, and deed-restricted." They also record: "If those units are not delivered, the loan is callable by the City." [1]
Dahle said the city's requirement is for 100 units. The minutes say the units originally proposed for Block D shifted to Block E, which has not been built, and that the agreement covers units at 80% of area median income in Block E. [1]
Agency actions in 2026
The redevelopment agency noticed a Jan. 22, 2026 public hearing on amendments to its fiscal 2025-26 budget, to allocate revenue from affordable housing funds to the costs of an agreement establishing affordable housing in the Cottonwood Mall urban renewal project area. [2]
The agency's agenda for Feb. 5, 2026 lists Resolution 2026-02 amending its budget. The attached exhibit shows $2,000,000 in the Millrock RDA and $500,000 in the Cottonwood Mall RDA, each drawn from restricted tax increment fund balance and listed as a contribution to developers for affordable housing. The posted resolution is unsigned and its vote lines are blank. [3]
The agency's June 11, 2026 agenda lists Resolution 2026-05, amending the affordable housing agreement with KMW Development for the Royal Holladay Hills project. The posted draft, headed Resolution No. 2025-05, would authorize the agency chair to sign the amendment. The amendment itself is referenced as Exhibit A but is not included, and the vote lines are blank. [4]
The loan terms are as described by a council member at the meeting, not taken from the executed agreement. Approval of the agreement and a proposed budget amendment do not show that money was paid or that housing was built.
Sources
- Holladay City Council · Minutes, Dec. 18, 2025 (approved Jan. 8, 2026)
- Utah Public Notice Website · Holladay RDA budget amendment hearing notice, Jan. 22, 2026
- Redevelopment Agency of Holladay · Agenda and proposed Resolution 2026-02, Feb. 5, 2026
- Redevelopment Agency of Holladay · Agenda and draft Resolution 2026-05, June 11, 2026
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.