Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Montezuma County to delegate unused private‑activity bond volume cap to CHFA
Summary
County bond counsel told commissioners the county holds federal private‑activity bond volume cap awards from 2021 and 2022 that will expire if not used; staff brought a resolution to delegate authority to the Colorado Housing and Finance Authority to deploy the cap for multifamily housing closings this year.
Bond counsel for the Colorado Housing and Finance Authority told the Montezuma County Board of County Commissioners at a workshop that the county holds unused private‑activity bond volume cap awards from 2021 and 2022 and is considering a resolution to delegate authority to CHFA so the cap can be used on other multifamily projects this year.
Bond counsel (CHFA) said Colorado receives about $700 million of private‑activity bond volume cap each year under the federal tax code and that a large share (about 48–50 percent) is allocated to CHFA. He told the commission Montezuma…
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
