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Home My WebLink About02/04/2026 - Meeting Materials VA to SALT LAKE CITY CRA UPDATES TO THE REINVESTMENT ADVISORY COMMITTEE FEBRUARY 2026 GALLIVAN CENTER UPDATES Coll W • Gallivan Center has welcomed more than 49,000 ice skaters so far Qthis season with one month remaining, reinforcing its role as a � premier winter and holiday destination. • Ice skating lessons launched in January in partnership with Salt Lake Figure Skating. • Additional winter programming is underway, reflecting the city's strong Olympic legacy and growing hockey culture. • New and expanded community programs—including Craft Night, Open Mic Night, Fusion yoga and dance, and the Winter Wellness Series—continue to see strong participation, supporting inclusive � access, artists, small businesses, and year-round downtown vitality. SALT LAKE `STY C RA SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY BALLPARK NEXT COMMUNITY DESIGN PLAN • Adopted in December 2025, establishes roadmap ~ � ark site.ision Fo for long-term redevelopment of the ball . . g p p • Provides guidance on urban form land use infrastructure needs, and transportation {�r improvements to support redevelopment. �! r5l Next steps: rezoning the property) transferring the = = land to the CRA, additional financial analysis to inform development phasing. • In the interim, the site is being programmed by Cornerstone Technologies, with a busy event ` season expected in the coming year. sic ` eT SALT LAKE CITY ,n 'W i w w ...• 1 - 1 CRA SALT LAKE CIT UNITY REINVESTMENT AGENCY BALLPARK ACTIVATION FUNDING AVAILABILITY • Modeled after the City's ACE Grant program M �3NITv AST,v • Tailored to support community organizations Goy 9ro interested in hosting events at the Ballpark with funding to supplement event costs and Q ¢ provide coordinated venue access. • Funding will provide six awardees with a `n complimentary Ballpark rental (valued at 4 O O O $5)760) and up to $10)000 per event to support event costs. PITCH GRANTS . Call for applications is anticipated to open • SALT LAKE CITY cRA mid-February, with awards announced mid- LJ March, allowing adequate time for event �— `1 SALT LAKE CITY planning and preparation. CRA 1 HOUSING DEVELOPMENT LOAN PROGRAM 5 RESIDENTIAL WEALTH BUILDING I 1' • The FY 2025-26 application period for the Housing Development Loan Program (HDLP) and the Residential Wealth Building (RWB) Pilot Program closed on December 4. * • Received 9 eligible HDLP applications and 2 RWB applications g pp pp RELEASE DATE 25 S8 MILLION a�u • Available funding totals $8. 1 M for HDLP (with $26.4M requested) and $6.4M APPLICATION DEADLINE December 4,2025 / ' for RWB (with $7.9M requested). •��o SLCCRA Applications are in the final stages of evaluation and review, with the CRA NOTICE OF FUNDINGAVARABILIN Finance Committee scheduled to review HDLP requests on February 18 and RESIDENTIAL an advisory committee reviewing RWB applications by late February. WEALTH BUILDING PILOT PROGRAM • Funding recommendations will be presented to the CRA Board for final FY2025-2026 project selection at the March 10 meeting. soot, 6UDEIWFS AND APPIICATMM HAIODOOK SALT LAKE CITY RELEASE CRA October z1.i,zozs APPl1CA711"I DFAOIIIE I� - OcccmbH 4.2011 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY DISASTER RELIEF LOAN PROGRAM (DRLP) M M • Provides financial assistance to targeted businesses and property owners that have experienced significant damage from qualifying events such as fire, flooding, earthquakes, or storms. • Supporting businesses impacted by the Main Street fire in August 2025. • Assistance applications have been received from Whiskey Street, London Belle, and Los Tapatios as they work toward reopening. • White Horse reopened last week! SALT LAKE CITY CRA ARBOR 515 • Opened October 2025 • Adaptive reuse of former 14-story office tower !44 • Includes 96 rent- and income-restricted units (studios to 4-bedrooms) serving households earning 39%- 55% of area median income. • Introduces innovative tenant wealth-building _ model that allows residents to share in long-term ti ; financial benefits. • Strategically located near jobs, transit, and r . � services f - yT - - . . ► • CRA Investment: $12. 65M SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY CITIZENS WEST • Opened December 2025 • The project delivers 80 units ranging from _ studios to three- and four-bedroom homes,servingfamilies and individuals. - - �`- � — - • Affordable to households earning approximately 25%- 50% of the area median income, addressing the need for - f M ` deeply affordable family housing • The development adds much needed homes in a transit- and amenity-rich neighborhood, supporting long-term community stability. • CRA Investment: $3.05M VICTORY HEIGHTS RIBBON CUTTING • Located at 1060 East 100 South, brings affordable housing to an established, opportunity-rich area on Salt Lake City's east side. • Mix of adaptive reuse of a former medical building and new construction, efficiently reinvesting in existing infrastructure. • Delivers approximately 88 studios, three- and four- bedroom rent- and income-restricted homes for ■ ■ � households earning 40%-60°io of area median income. • CRA Investment: $2. 1 M The ribbon-cutting ceremony February 10t'' at 11 :00 a.m. LIBERTY CORNER GROUNDBREAKING � r � � • The multifamily community will deliver 214 affordable housing units, significantly expanding access to housing for working F# families. • The project includes an on-site daycare, supporting family stability and workforce r participation . Ov 4 S T 4444 iON • Liberty Corner represents a targeted r - : investment in housing affordability and neighborhood reinvestment in a high- - w opportunity, transit-accessible area. - • CRA Investment: $6. 1 M SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY CRA STAFF UPDATES col W Kathryn Morelock, the CRA Communications Coordinator, left the Agency in December Qto join the City Council office. � In January, Hayden Callaway joined the CRA as a Project Coordinator. At the end of February, our Senior Project Manager, Lauren Parisi, will be leaving the Agency to relocate to be closer to family. SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY THANK YOU SALT LAKE CITY CRA