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Arapahoe County signals approval for Oxford Vista land-bank plan and awards $1.2M in private activity bonds to Progress Park bundle
Summary
County housing staff proposed purchasing 7.5 acres for the Oxford Vista campus extension (potentially up to ~432 units over multiple phases) and recommended allocating $1.2 million in private activity bonds to the Progress Park bundle; commissioners gave consensus 'thumbs up' to move both items forward to the consent process.
Arapahoe County housing staff asked the Board to advance two housing actions: (1) allocate a $1.2 million tranche of private activity bonds (PABs) to the Progress Park bundle and authorize South Metro Housing Options to administer the bonds for Grovewood Community Development; and (2) pursue a county land-banking purchase of 7.5 acres adjoining the Oxford Vista campus as the first step in a multi-phase affordable housing expansion.
Staff said the $1.2 million in PABs would be applied to a bundle that includes Fox Apartments,…
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