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2026-05-12 - Community Reinvestment Agency

Summary

Built from the official minutes (approved July 14, 2026). The minutes are not a full transcript. Meeting materials are posted at data.slc.gov.

  • Called to order at 1:33 p.m.; Director Dugan presided. Directors present: Puy, Petro, Wharton, Carlsen, Dugan and Young. Agency leadership: Mayor Erin Mendenhall, Director Danny Walz and Deputy Director Cara Lindsley.
  • General comments: Chair Puy reported findings from the City Attorney's Office that Eva Lopez Chavez had established a primary residence outside Council District 4 and, under state law, forfeited her seat; Jennifer Bruno outlined the 30-day appointment process. No public comments (District Four Council Vacancy Appointment).
  • Public hearing on Fiscal Year 2025-26 Budget Amendment No. 3: Kate Werrett gave a brief overview; no public comments. Moved by Puy, seconded by Young to close the hearing; 6-0.
  • Minutes of January 13, February 10 and March 24, 2026 approved: moved by Puy, seconded by Young; 6-0.
  • Resolution 10 of 2026 adopted: moved by Petro, seconded by Carlsen to approve the Fiscal Year 2026 Budget Amendment No. 3 of the Agency; AYE Petro, Puy, Wharton, Carlsen, Dugan, Young; 6-0 (Community Reinvestment Agency Third Budget Amendment).
  • Resolution 11 of 2026 adopted: moved by Carlsen, seconded by Puy to approve the Fiscal Year 2025-26 funds for the Residential Wealth-Building Pilot Program Funding Allocations; AYE Petro, Puy, Wharton, Carlsen, Dugan; ABSENT Young; 5-0 (Residential Wealth-Building Funding Allocations).
  • Staff announcements by Walz: Commercial Development Loan Program applications accepted through May 15, 2026 with up to 10 million dollars available (Commercial Development Loan Program Allocations); the Affordable Housing Construction and Preservation Dashboard updated through March 2026; the City passed 1,000 family-sized and 1,000 deeply affordable housing units supported by City and Agency investments; a Developer Summit with Utah Clean Energy on May 19, 2026 on electric commercial kitchens and possible Sustainable Development Policy updates.
  • No Executive Director or Chair reports; no written briefings or consent items; closed meeting not held. Adjourned 2:09 p.m.

Budget Amendment No. 3, Fiscal Year 2025-26

The amendment adjusts the final Agency budget for property tax increments, interlocal and reimbursement agreements, and operations, and addresses 1.6 million dollars in additional interest revenue, a 2.3 million dollar Library accounting adjustment and a 1 million dollar transfer from the Central Business District to Secondary Housing. Werrett called it the final annual tax increment adjustment for the fiscal year. Details: Community Reinvestment Agency Third Budget Amendment.

Residential Wealth-Building funding allocations

Allison Rowland introduced; Browne Sebright and Tracy Tran presented the program, applications, thresholds, evaluation and the selection committee's recommendations. Nearly 6.4 million dollars was set aside; two developments (23 townhomes and eight single-family homes) for households at 80 to 100 percent of Area Median Income were recommended. Directors discussed administrative cost differences, long-term affordability and stewardship, sustainability goals and family-sized housing. Puy asked for data on how many children would live in the developments; Sebright noted privacy limits on collecting household data. Details: Residential Wealth-Building Funding Allocations.

Sources