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Arapahoe County reallocates $5 million in private activity bonds to Starlight affordable housing project
Summary
County commissioners agreed informally to move a $5 million private activity bond allocation to South Metro Housing Options’ Starlight project, a 74‑unit affordable development on Littleton Boulevard aimed at households earning 30–70% of area median income and prioritizing youth aging out of foster care.
Arapahoe County commissioners agreed informally to reallocate $5,000,000 in private activity bond (PAB) allocation to South Metro Housing Options’ Starlight project, a proposed 74‑unit affordable multifamily development on Littleton Boulevard that targets households earning between 30% and 70% of area median income and includes an emphasis on young adults aged 18–24 who are aging out of foster care.
The county’s Community Resources staff recommended the reallocation after one of the projects previously awarded the county’s largest slice of the PAB allocation informed the county it would not move forward. “We are therefore recommending that the $5,000,000 be added to the South Metro Housing Options Starlight…
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