Solstice at 54th: the proposed $900,000 in agency aid for 30 workforce homes

Taylorsville's redevelopment agency board was asked on Oct. 7, 2026 to consider Resolution No. 26-04, which would approve an integrated redevelopment deal for Solstice at 54th, a project of 316 for-sale homes by Edge Homes Utah, LLC, according to the meeting notice and an Oct. 2 memorandum to the board. ^[4][1]

Under the proposal, 30 of the units would be set aside for a moderate-income workforce housing program. ^[1]

The proposed assistance

The memorandum, from agency Executive Director Dina Blaes and agency attorney Tracy Cowdell, describes agency assistance of "$30,000 per qualifying unit, not exceeding $900,000 in the aggregate." The developer would give a matching $30,000 credit on each assisted unit, for up to $1,800,000 in combined agency assistance and developer credits. ^[1]

Buyers' household income could not exceed 90% of the Salt Lake County area median income, which the memorandum puts at $113,490 for a family of four. ^[1]

Under the draft incentive agreement, buyers would sign a deed of trust in favor of the agency. Someone who sells within the first 12 months would repay the full agency contribution, and the repayment falls by $2,000 a year after that, with no interest. The deed restrictions would last up to 16 years from recording. ^[2]

The draft agreement makes the agency's payments depend on available housing funds. If the agency does not fund a unit, the developer need not give its credit on that unit, the unit can be sold without the deed restrictions and, if no substitute is agreed, the required number of units drops by one. ^[2]

Sewer work and the agency parcel

The draft resolution would authorize an agency contribution toward sewer improvements "not to exceed Fifty Thousand Dollars ($50,000)" without further board approval. ^[3]

It would also approve the sale of an agency parcel of about 1.28 acres, Salt Lake County tax parcel 21 17 101 101. The buyer and price are bracketed placeholders, and the purchase and sale agreement is to be attached after the board's decision on disposal. ^[3]

No agency money could be spent, and no property conveyed, until Edge Homes or an approved affiliate acquires the privately owned parcels in the project. ^[1][3]

Status

The memorandum says the documents would be revised to reflect board actions and then incorporated into the final resolution. The resolution and incentive agreement in the packet are unsigned and undated. ^[1][2][3]

The Oct. 7 meeting notice lists the resolution and a public discussion of the disposal of public property. The records reviewed do not show what the board decided. ^[4]