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Pueblo commissioners weigh rolling private activity bonds to fund Tava Square 108-unit affordable housing project
Summary
Rocky Mountain Communities presented the Tava Square proposal Aug. 5 and asked Pueblo County to roll this year’s private activity bond allocation toward the project; commissioners discussed options, timelines and next steps but took no binding vote.
Pueblo County commissioners discussed on Aug. 5 whether to roll the county’s 2025 private activity bond (PAB) allocation to Tava Square, a proposed 108-unit affordable housing development on Pueblo’s West side, during a Board of County Commissioners work session.
The request came from Ashley Winans, senior development manager for Rocky Mountain Communities, who said the nonprofit is seeking assigned PABs to support a 4% Low-Income Housing Tax Credit application in a noncompetitive round. “We are looking at a project on the West Side Of Pueblo to develop, a 108 new affordable housing units,” Winans said, and described staging the development in two phases with a community center and resident services between phases.
Private activity bonds are important to the project because they lower long-term financing costs; Winans told the board that, with current interest rates, those bonds “help us to be able to actually make the project work.” Tammy Torres, a county director who answered…
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