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Carlin council transfers 2025 private activity bond cap to Nevada Rural Housing Authority
Summary
After an NRHA presentation, Carlin’s council unanimously approved Resolution #2025-12 to transfer the city’s 2025 private activity bond volume cap to the Nevada Rural Housing Authority, a non-budgetary move intended to enable tax-exempt bond financing for local housing projects.
The Carlin City Council voted unanimously July 9 to transfer the city’s 2025 private activity bond volume cap to the Nevada Rural Housing Authority. Mayor Dana Holbrook said he was "comfortable moving forward" after NRHA’s presentation and the council adopted Resolution #2025-12 without objection.
Katie Coleman of NRHA described the request as a non-budgetary measure that allows NRHA to issue tax-exempt bonds for projects in qualifying rural areas and highlighted the agency’s track record: "our homeownership program has assisted 11,000 families with $2.5 billion in mortgages," she said, and she added that NRHA recently helped three Carlin families with $632,000 in mortgages. Councilmembers asked clarifying questions about what qualifies as ‘rural’ and about the Passmore Place project’s status; Bill Brewer noted eligibility definitions are established by statute and said Passmore Place is awaiting tax-credit decisions with construction targeted in spring 2026.
The action transfers local allocation rights to NRHA rather than leaving the cap unused; the council’s motion was made by Denise Taylor and seconded by Cameron Kinney. The resolution does not obligate city funds, according to NRHA’s presentation. The council provided no conditions to the transfer during the vote. The next procedural step is implementation of the transfer paperwork with NRHA by city staff.
