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2026-05-19 - Community Reinvestment Agency

Summary

Built from the official minutes of the Limited Community Reinvestment Agency (CRA) meeting (approved August 18, 2026). The minutes are not a full transcript.

  • Limited CRA Board meeting held Tuesday, May 19, 2026, called to order at 1:07 p.m. and adjourned at 2:20 p.m.; Director Dugan presided. Directors present: Puy, Petro, Wharton, Carlsen, Dugan and Young.
  • Only business item: a one-hour overview of the CRA budget for Fiscal Year 2026-27, presented by Danny Walz with a summary by Kate Werrett. No vote was taken.
  • Revenues and other funding sources total about $72.6 million. Accomplishments cited: the Disaster Relief Loan Program, the 9 Line Project Area, more than $5 million in housing loans closed, an additional $8 million allocated for housing initiatives, and the launch of the Commercial Development Loan Program.
  • Mayor's Initiatives funded through the Agency: $1 million for Main Street revitalization and beautification, $2.2 million for Civic Center improvements and $3.3 million for 500 West and Granary District improvements.
  • Director request: Petro asked what expenditures are expected under the Mayor's Initiatives allocations and why those areas were chosen.
  • No public comments, no public hearing speakers, no Executive Director, Chair or staff reports, no written briefings or consent items; the tentative closed meeting was not held.

Community Reinvestment Agency budget for Fiscal Year 2026-27

Walz reviewed the funds the Agency manages (Project Area Funds, Housing Funds, Multi-use Funds and the Agency Operations Fund), changes in expenses across funds, project area tax increment revenue, obligated and discretionary spending in project areas and the Mayor's Initiatives. Directors, Jill Love, Blake Thomas (Senior Advisor of Real Estate and Capital Projects) and Walz discussed:

  • the scope of the Public Utilities feasibility study for redevelopment of the Public Utilities campus;
  • infrastructure improvements for the Ballpark site, including management and activation (see Ballpark rezoning follow-up);
  • how administrative fees are calculated across project areas;
  • the Agency's role of funding enhancements and strategic investments rather than basic core and maintenance services, and keeping the Capital Improvement Program fund for basic maintenance (see Capital Improvement Program);
  • funding Mayor's Initiatives to upgrade amenities for large events such as the Temple reopening and the Olympics;
  • the recent cancellation of the Board's approved $400,000 allocation for Main Street light posts because needs along Main Street were reprioritized, with the money remaining in the Strategic Intervention account for other projects;
  • the timing of 500 West and Granary District work, whose scope includes overdue road reconstruction and utility and curb realignment.

Public hearings on the Agency budget were set for May 19 and June 2, 2026 at 7 p.m. with adoption expected in mid-June; see Fiscal Year 2026-27 City Budget and 2026-05-19 - LBA, CRA and Council Formal Meeting.

Sources

  • Community Reinvestment Agency minutes, May 19, 2026 (approved August 18, 2026): https://slc.primegov.com/Public/CompiledDocument/44854
  • Staff present: Rachel Otto (Chief of Staff), Danny Walz (Director), Cara Lindsley (Deputy Director), Mark Kittrell (City Attorney), Keith Reynolds (City Recorder), Jennifer Bruno, Lehua Weaver and Nick Tarbet (Council office), Jill Love, Megan Yuill, Kate Werrett.