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Council approves intent to issue housing revenue bonds to finance low- and middle-income housing
Summary
Denver City Council adopted a resolution declaring its intent to support issuance of private activity housing revenue bonds and mortgage credit certificates to finance affordable residential projects; staff said the bonds are used mainly for developments paired with low-income housing tax credits.
Denver City Council on Aug. 18 adopted a resolution (25-11-26) declaring the city's intent to use its best efforts to issue housing revenue bonds or mortgage credit certificates to finance residential facilities for low- and middle-income households. The council vote was unanimous on the item.
Why it matters: the declaration begins the city's formal commitment process for private activity bond authority that allows developers…
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