To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources Department
Prepared By:
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?Nancy Sonnenfeld, Community Development Administrator, Community Development, Housing and Homeless Services (CDHHS), Community Resources Department
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Subject:
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2026 Private Activity Bond (PAB) 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 agreements with the Colorado Housing and Finance Authority (CHFA) and South Metro Housing Options (SMHO) regarding the assignment of the 2026 Private Activity Bonds allocation totaling $8,233,226.00 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 assignment of the initial $8,011,903.00 in 2026 County PAB funds on February 17, 2026. On March 2, 2026, the BOCC heard a funding allocation recommendation for the assignment of the additional $221,323.00 which was added to the County's 2026 PAB authority.
The BOCC reviewed the funding recommendations and instructed staff to schedule the item for consent agenda during a business meeting. Staff are requesting that the Board approve the allocation agreements with the Colorado Housing and Finance Authority (CHFA) and South Metro Housing Options (SHMO) and authorize the Chair to sign the agreements which would assign 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 projects recommended for funding.
Private Activity Bonds (PABs) are a tax-exempt bonding authority that may be used to finance eligible projects ...
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