529 West 400 North mixed-income housing loan
95-unit mixed-income, mixed-use project, 74 units affordable at or below 50% AMI. The Council was asked to modify a Housing Trust Fund loan to substitute Project Open 2 LLC for North 4th LLC.
In review
- Type
- Development agreement
- Location
- 529 West 400 North
- Homes
- 95
- Applicant
- North 4th LLC / Project Open 2 LLC
- City Council: Housing Trust Fund loan modification for North 4th LLC and Project Open 2 LLC
- City Council work session: Housing Trust Fund loan modification for North 4th LLC and Project Open 2 LLC
In brief
529 West 400 North mixed-income housing loan appears on 2 recorded agendas, from the City Council work session meeting of May 5, 2020 to the City Council meeting of May 19, 2020.
The most recent agenda collected for it, the City Council meeting of May 19, 2020, listed it with no result recorded.
Follow the money and project delivery
529 West 400 North mixed-income housing loan
- Council action
No approval or denial linked in the records collected.
- Money in the record
land: amount not given — Modification of Housing Trust Fund loan originally made for land acquisition Record → · May 19, 2020
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
May 19, 2020 · City Council
Housing Trust Fund loan modification for North 4th LLC and Project Open 2 LLC
Pending
The Council was to consider approving a Housing Trust Fund loan modification for a 95-unit mixed-income, mixed-use development (74 units affordable at or below 50 percent of area median income), removing North 4th LLC from the original land-acquisition loan because the land moved to Project Open 2 LLC.
May 5, 2020 · City Council work session
Housing Trust Fund loan modification for North 4th LLC and Project Open 2 LLC
Pending
The Council was to be briefed on a request to modify a Housing Trust Fund loan so North 4th LLC is removed and Project Open 2 LLC, which now holds the land, is substituted. The mixed-income, mixed-use project would have 95 units, 74 of them affordable at or below 50 percent of area median income. The original City loan was for buying the land.
- Applicant: North 4th LLC / Project Open 2 LLC
- Units: 95 (74 affordable at or below 50% AMI)
- Tentative Council action: May 19, 2020