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Council agrees to allocate Lafayette’s 2025 private‑activity bond cap to preserve Helios Station townhomes
Summary
Lafayette councilors on July 2 directed staff to prepare a formal allocation of the city’s 2025 private activity bond cap to a preservation project (Helios Station) after reviewing two competing requests, one for large new construction at Willoughby Corner and another to rehabilitate 30 existing townhomes.
Lafayette City Council on July 2 discussed two requests for the city’s 2025 private activity bond allocation and directed staff to prepare a formal allocation to fund the preservation and rehabilitation of 30 townhomes at Helios Station.
Background: Private activity bonds (PABs) are federal tax‑exempt bond authority that local governments can allocate to qualified projects — commonly affordable housing — to lower borrowing costs. Colorado’s statewide PAB cap is split between statewide entities and individual municipal allocations; Lafayette’s 2025 share equals roughly $1.99 million in bonding…
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