To: Board of County Commissioners
Through: Katherine Smith, Director, Community Resources
Prepared By:
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Elizzebeth Loomis, Division Manager, Community Development, Housing and Homeless Services, Community Resources
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presenter
Presenter: Katherine Smith, Community Resources Director
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Subject:
title
Private Activity Bonds (PAB) Allocation Assignment
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Purpose and Request:
recommended action
This item is presented to approve the allocation assignment of a portion of the County's 2024 Private Activity Bonds (PAB) to the Housing Authority of the City of Aurora (AHA) to directly or indirectly support the issuance of revenue bonds by AHA or another issuing authority in connection with the administration of a 4% Low Income Housing Tax Credit (LIHTC) loan for one or more qualified residential rental projects, including but not limited to The Stanley (the Project). The Board of County Commissioners (BOCC) reviewed the recommendation of the allocation assignment of the 2024 Private Activity Bonds (PAB) to the Housing Authority of the City of Aurora presented by the Community Development Housing and Homeless Services (CDHHS) staff, during a study session on July 9, 2024, and instructed staff to schedule the item for the consent agenda during a business meeting.
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Background and Discussion: The BOCC was presented with an allocation assignment of 2024 Private Activity Bonds (PAB) to the Housing Authority of the City of Aurora for administration of a 4% Low Income Housing Tax Credit (LIHTC) loan for The Stanley, as described below, during a study session on July 9, 2024, and advised staff to schedule the Private Activity Bond allocation assignment approval for consent agenda. The narrative below is a copy of the background and discussion portion of the Board Summary Report (BSR) presented to the BOCC during the July 9, 2024, study session, without any changes.
The Board of County Commissioners approved the 2024 Private Activity Bonds ...
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