Ogden RDA approves $1M loan for a 116-unit senior housing project, 5-2

The Ogden City Council, sitting as the city's Redevelopment Agency, voted 5-2 on Oct. 13 to approve Resolution 2026-8, a participation and incentive agreement that includes a $1 million loan to Senior Living at Millcreek, LLC for age-restricted senior housing at 151 12th Street. Jeremy Peterson and Dave Graf voted no. Alicia Washington, Flor Lopez, Ken Richey, Kevin Lundell and Richard Hyer voted yes. ^[1][2][3]

City staff told the board the 2.8-acre site is the former Cinepoint Theater. The developer plans 116 units, all restricted to households earning no more than 55% of area median income, which staff put at about $58,000 for a family of three. Staff said the state requires a 15-year compliance period followed by a 35-year extended use period. ^[2]

Staff said nine funding sources are lined up for the project and the city's $1 million would fill the remaining gap, about 2.5% of the total development cost. The money would come from the agency's housing fund, which collects a set-aside from tax increment in redevelopment areas. ^[2]

Staff said Weber County has almost 36,000 residents age 65 and older, about 13% of the population, and that the vacancy rate in this income-targeted senior niche is about 5%. ^[2]

Staff proposed the loan at 2.5% interest with a 40-year amortization. The board amended the rate to 3.5% before approving the resolution. ^[2][3]

During public input on the item, some residents questioned whether the city should finance more income-restricted housing and asked about the effect on infrastructure and density. Others supported the project, citing demand and high housing costs for seniors. ^[2]

The board also voted to set a Nov. 17 public hearing on proposed Resolution 2026-9, which would approve the Wildcat Square Community Reinvestment Area plan and budget. The plan itself was not adopted. ^[1][2]