9/1/2021 - Meeting Minutes MINUTES
FROM THE MEETING OF THE
REDEVELOPMENT ADVISORY COMMITTEE
Wednesday, September 1, 2021
4:00 p.m.
This meeting was an electronic meeting pursuant to Salt Lake City Emergency Proclamation No. 2 of 2020
(2)(b).
Chairperson Doughty read the following statement:
I, Brian Doughty, Chair of the Redevelopment Advisory Committee, hereby determine that conducting the
Redevelopment Advisory Committee meeting at an anchor location presents a substantial risk to the health and
safety of those who may be present,and that the City and County building has been ordered closed to the public for
health and safety reasons.
1. Roll Call
The following members were present:
Brian Doughty, Chairperson
Mojdeh Sakaki,Vice-Chairperson
Nic Peterson, Member
Claudia O'Grady, Member
Rosa Bandiernha, Member
The following members were absent:
Jason Head, Member
Mark Isaac, Member
Also Present:
Danny Walz, RDA Director
Tammy Hunsaker, RDA Deputy Director
Kort Utley, RDA Senior Project Manager
Ashley Ogden, RDA Project Manager
Allison Parks, Senior City Attorney
Felina Lazalde, RDA Office Facilitator
Robyn Stine, RDA Office Manager
2. Briefing by the Staff
None
3. Approval of the minutes of the August 4,2021 meeting
Ms. O'Grady made a motion to approve the minutes from the August 4, 2021 meeting. Ms. Sakaki seconded the
motion. Upon roll call, the motion passed unanimously.
4. Business
A. Guiding Framework Update—Kort Utley, Senior Project Manager
Kort Utley explained that in the fall of 2019 the RDA Board of Directors(Board)adopted the RDA Guiding Framework
(Framework)which is an operational guide that includes the Agency mission, values and project evaluation process
outlining the process staff uses to identify public benefits potential projects provide. Mr. Utley said staff always
viewed the Framework as a "living document"that would be adjusted and updated as needed. He added that
because of that, there have been revisions made,which is why it was presented to the Redevelopment Advisory
Committee(RAC)to inform them of the updates. In addition to some minor language changes, other updates include:
Under Values:
• Changing Economic Growth to Economic Opportunity and updating language.
• Changing Community Impact to Equity&Inclusion and updating the value language.
Under Livability Benchmarks:
• Updating specific targets under each benchmark to better define what the Agency will require.
Discussion:
- RAC members said the changes in the language are very good, and that the clarification in the benchmarks
and values make it more concise.
- There was a question raised regarding walkability and what benchmark that might fall in to. It was stated it
was absorbed into the other criteria in creating a vibrant street frontage and interface between public and
private spaces.
Next Steps:
- Staff will consider RAC's feedback and return to RAC for a recommendation on the proposed revisions that
will be forwarded to the RDA Board.
B. Westside Community Initiative—Tammy Hunsaker, Deputy Director
Tammy Hunsaker said in early 2021 the Board directed Agency staff to develop a new program specifically for the
utilization of the Inland Port Housing Funds which were allocated to the RDA by the Utah State legislature. She
explained in that legislation, 10%of all tax increment collected by the Inland Port Authority is to be designated to the
RDA's NWQ Housing Fund,which will be renamed the Westside Community Initiative(WCI)for affordable housing
purposes. Ms. Hunsaker said the purpose of the WCI is the implementation of transformative housing and mixed-use
projects with a focus on homeownership and affordability as a way of building community cohesion and personal
wealth.
Ms. Hunsaker said housing projects will be leveraged with additional public benefits including neighborhood services,
economic opportunities, and transit-oriented development. She then shared the goals for this program:
• Develop Land with a Long-Term Approach to Continuously Serve a Community-Defined Purpose
•Create Opportunities for Revenue Generation while Balancing the Implementation of Public Benefits
•Assist the Westside in Mitigating Gentrification and Displacement
•Give Lower Income Households the Opportunity to Build Wealth Through Ownership
• Engage Community Members in Development Decisions
• Leverage Resources for Other Neighborhood Development Purposes
•Collaborate with Other Partners to Broaden the Pool of Funding and Expertise
•Carry Out Efforts with a"Collective Impact"Approach
Ms. Hunsaker said that while funding would come primarily from the Inland Port Housing Differential, the Board could
allocate additional funding sources on an annual basis, and there could be potential revenue generation from the
WCI program. The three funding revenues would go to the WCI Housing Fund.
Ms. Hunsaker explained the various activities that staff is proposing to be eligible through this new program such as:
a. Strategic Acquisition that may include distressed properties, properties located at target locations, and other
opportunities that align with the City's objectives. Properties will be redeveloped as elevated real estate
development projects that have profound impacts on people, particularly low-income and vulnerable
populations,to uplift others,create economic opportunities, improve health outcomes, and influence the
physical and socioeconomic landscape of Salt Lake City.
b. Shared Equity Development would have two parts to it.
i. Land Trust Development where the Agency would retain ownership of land and provide for eh sale
or rental of housing to lower-income households. To ensure potential homeowners and renters
benefit in perpetuity, resale prices and rents of the housing would be capped to maintain
affordability.
ii. Multifamily Cooperative Housing Development which the Agency would facilitate the development
of cooperating housing projects to provide a homeownership framework bringing people together to
own the building which they live.A housing cooperative(Co-op) is a type of residential housing
option that is a corporation whereby the owners do not own their units outright, but each resident is
a shareholder in the corporation based in part on the relative size of the unit they live in.This
housing model provides low-income households a way to accumulate personal wealth through
equity accumulation and mortgage interest deductions.
c. Residential&Mixed-use development would focus on traditional rental housing development.
d. Other Public Benefits would include infrastructure improvements, housing for a broad array of AMIs,job
creation, and small-business development.
Ms. Hunsaker said that though these are primarily housing funds,staff believes they can implement projects that
leverage other public benefits for the neighborhood and to engage the community to learn what they would want to
carry out in their neighborhood. She added that the Agency will promote the homeownership component as well as
continue the efforts implementing rental housing development on the Westside.
Discussion:
- A concern was made regarding the viability of affordable homeownership under the co-op model.
- A question was raised on whether if tax credits could be used on a co-op project.
- A recommendation was made to consider a condo association where the Agency would be able to ensure
affordability.
- Staff mentioned that the RDA could remain the landowner and provide a ground lease to the co-op entity
ensuring affordability in perpetuity.
Next Steps:
- Staff will continue to research multi-family cooperative housing and bring an update back to RAC at a future
meeting.
C. Strategic Alignment of RDA Values and Resources—Tammy Hunsaker, Deputy Director
Ms. Hunsaker said that staff has been reviewing Agency policies and programs in a strategic effort to improve the
RDA's approach to community investment. She said that staff has identified exciting policies and programs that could
be revised and new programs that could be developed so the RDA could better target resources and align with
community needs including to:
• Ensure the inclusion of equitable development strategies.
• Set sustainable development standards and incentives.
• Distribute funding on a competitive basis to ensure resources are allocated to projects providing the highest
level of public benefit.
• Increase threshold requirements for funding access.
• Make resources available to a diverse array of partners.
• Expand resources available, better target funding and improve tracking of financial indicators to ensure the
financial sustainability of the RDA.
• Take a long-term approach to development project while retaining ongoing interest.
The following are programs and policies that RDA staff are currently working on and anticipate bringing before RAC
and the RDA Board in the coming months for feedback and direction.
Program/Policy Description Initial Board
Discussion
Equity Work Plan An administrative work plan that identifies goals and actions to align RDA Q3 2021
programs and tools with equity principles.The RDA will not have a stand-alone
equity policy but will rather infuse equity principles into applicable policies and
programs.
Guiding Framework for Update to the current policy,resolution R-22-2019 adopted in November of 2019, Q4 2021
Mission and Values to strengthen equity and sustainability components within the framework.
Sustainability Policy A new policy that will establish minimum standards and incentives for sustainable Q4 2021
building practices to increase resiliency and reduce negative impacts on the
environment.
RDA Housing Minor update to the current policy, resolution R-4-2021 adopted in February Q4 2021
Allocation Funds 2021,to contemplate the Westside Community Initiative.
Policy
Westside Community A new program intended to utilize Inland Port Housing Funds to advance Q4 2021
Initiative community wealth building through affordable homeownership, increase the
supply of affordable rental housing, implement cooperative housing projects,and
revitalize distressed properties on the City's west side.
Shared Equity A new program that facilitates the development of shared-equity housing Q1 2022
Housing Program projects.The RDA will retain long-term ownership of the land and provide for the
sale or rental of housing to lower-income households.
Commercial Revisions to the RDA Loan Program,resolution R-37-2016 adopted in October of Q1 2022
Development Loan 2016,to better leverage resources,target community needs,support smaller-
Program scale projects,and facilitate anti-displacement strategies.
Housing Development Update to the current policy,resolution R-7-2021 adopted in March of 2021,to Q1 2022
Loan Program include a financing option for accessory dwelling units("ADUs").
Storefront Activation A new program intended to facilitate the occupancy of ground-floor commercial Q2 2022
Program space by local and underrepresented businesses.
Discussion:
- A question was asked about the Housing Development Loan Program and "ADUs". Ms. Hunsaker said staff
is considering several options regarding the HDLP and ADUs, but the details have not yet been worked out.
- A question was asked about the storefront activation program. Ms. Hunsaker said that staff has considered
options including a tax increment reimbursement to developers and the Agency leasing the retail space and
subleasing to guarantee a constant revenue stream for the developer, but details have not been finalized.
D. North Temple Implementation Plan—Cara Lindsley, Senior Project Manager
Item was bumped to the October RAC meeting due to time.
5. Adjournment
There being no further business the meeting was adjourned.
BrianDoughty(Nov3,2 176:14 MDT)
Brian Doughty, Chairperson
This document along with the digital recording constitute the official minutes of the Redevelopment Advisory
Committee held September 1, 2021.
2021 -09-01 RAC Minutes final
Final Audit Report 2021-11-03
Created: 2021-11-03
By: Robyn Stine(robyn.stine@slcgov.com)
Status: Signed
Transaction ID: CBJCHBCAABAAAIi_LUmhjEuzBTuojmpd4DjANIO5BgEn
"2021 -09-01 RAC Minutes final" History
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