To: Board of County Commissioners
Through: ?Katherine Smith, Director, Community Resources
Prepared By:
prepared
Nancy Sonnenfeld, Community Development Administrator, Community Development and Housing Stability Services, Community Resources
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presenter
Presenter: Lizze Loomis, Manager, Community Development and Housing Stability Services, Community Resources
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Subject:
title
10:30 AM *2026?Private Activity Bonds (PAB) Re-Adjusted Allocation
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Purpose and Request:
recommended action
Community Development and Housing Stability Service (CDHSS) staff is requesting direction?from the Board of County Commissioners?regarding?the reassignment of the County's 2026 Private Activity Bond allocation due to a change in the financing status of a project previously prioritized to receive $3,000,000 of the County's 2026 PAB allocation and subsequently approved by the Board of County Commissioners on March 31, 2026.
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Alignment with Strategic Plan: Economic Resilience and Stability - Maintain and improve affordable housing initiatives, including housing preservation and homeownership support.
Background and Discussion: Private Activity Bonds (PABs) are a tax-exempt bonding authority that may be used to finance eligible projects at a tax-exempt interest rate or to support the issuance of Mortgage Credit Certificates. The State of Colorado administers the PAB allocation program pursuant to state statute (Section 24-32-1701 et seq., C.R.S.), which governs the allocation of the state's annual PAB authority.
On February 17, 2026, the Board of County Commissioners (BOCC) considered and approved the assignment of the County's initial 2026 Private Activity Bond (PAB) allocation totaling $8,011,903 to support eligible affordable housing developments.
In late June 2026, Community Development and Housing Stability Services (CDHSS) staff were notified by the developer of a previously approved project that its financing strategy had changed. The proj...
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