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Montezuma County to let CHFA use expiring private-activity bond cap to support multifamily housing
Summary
County bond counsel told commissioners the county holds carryforward private-activity bond volume cap from 2021 and 2022; officials were asked to delegate authority so CHFA can allocate the expiring 2021 cap to projects statewide.
Bond counsel to the Colorado Housing and Finance Authority told the Montezuma County Board of County Commissioners that the county holds carryforward private-activity bond volume cap that will expire unless used this year.
The county currently holds $1,429,096 of volume cap from a 2021 statewide balance award and $2,050,279 from a 2022 award, the counsel said. He described a resolution for the board to delegate authority to the Colorado Housing and Finance Authority…
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