Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council to consider assigning $2.76 million in 2025 private activity bonds to Brighton Housing Authority for Adams Point
Summary
Staff recommended assigning the city's 2025 private activity bond allocation of $2,755,798 to the Brighton Housing Authority for multi-phase Adams Point affordable housing; council signaled support to place the item on next week's consent agenda.
City staff recommended assigning Brighton’s 2025 private activity bond allocation — $2,755,798 — to the Brighton Housing Authority to support the Adams Point affordable housing project, and council signaled support to place the assignment on next week’s consent agenda.
Finance Director Katrina (presenting) told the council that private activity bonds allow qualified private issuers to access tax-exempt borrowing for eligible public-purpose projects under the Tax Reform Act of 1986. "Private activity bonds are not a grant to the City. It's the capacity or ability to borrow money," Katrina said.
Sta…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
