To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources Department
Prepared By:
prepared
Nancy Sonnenfeld, Community Development Administrator, Community Development, Housing and Homeless Services, Community Resources Department
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Subject:
title
2026 Private Activity Bonds (PAB) Re-Adjusted Allocation
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Purpose and Request:
recommended action
The Board of County Commissioners (BOCC) is requested to approve and authorize the Chair to sign the allocation agreement with the Colorado Housing and Finance Authority (CHFA) regarding the assignment of a portion of the 2026 Private Activity Bonds allocation and the recommended distribution of that allocation.
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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: The Board of County Commissioners (BOCC) heard a funding allocation recommendation for 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 on July 28, 2026.
The BOCC reviewed the funding recommendation and instructed staff to schedule the item for consent agenda during a business meeting. Staff are requesting that the Board approve the allocation agreement with the Colorado Housing and Finance Authority (CHFA) and authorize the Chair to sign the agreement which would assign a portion of Arapahoe County's 2026 Private Activity Bond allocation for the purpose of generating 4% Low Income Housing Tax Credit (LIHTC) financing for the highest-ranking project still in need of Private Activity Bonds recommended for funding.
This allocation adjustment would increase the County's total PAB assignment for the Reserve at South Creek from $4,005,092 to $7,005,092, allowing the project to move forward with its...
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