To: Board of County Commissioners
Through: ??Katherine Smith, Director, Community Resources
Prepared By:
prepared
???Nancy Sonnenfeld, Community Development Administrator, Community Development, Housing and Homeless Services, Community Resources??
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presenter
Presenter: Elizzebeth Loomis, Manager, Community Development, Housing and Homeless Services, Community Resources
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Subject:
title
??2:45 PM *2026 Private Activity Bonds
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Purpose and Request:
recommended action
Community Development Housing and Homeless Services (CDHHS) staff is requesting direction from the Board of County Commissioners regarding the allocation of the County's 2026 Private Activity Bonds, totaling $8,011,903.
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Alignment with Strategic Plan: Economic Resilience and Stability - Support long-term economic resilience through responsible fiscal and investment strategies.
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. Staff are requesting direction to assign Arapahoe County's Private Activity Bond allocation to the Colorado Housing and Finance Authority (CHFA) for the purpose of generating 4% Low-Income Housing Tax Credit (LIHTC) financing for the highest-ranking projects recommended for funding.
In 2026, Arapahoe County received a partial Private Activity Bond allocation totaling $8,011,903. A second allocation representing the remaining portion of the County's 2026 PAB authority is anticipated following receipt of updated census information. The County received seven (7) applications requesting PAB allocations for the 2026 cycle. Community Development, Housing, and Homeless Services (CDH...
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