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Commissioners back tax-abatement letter to accelerate Noosh Village middle-income housing bonds
Summary
The board approved a confirmation letter to support Noosh Village's MEHA bond application and to waive the 90-day wait, enabling the project — 75 units at 80–120% AMI on 9 acres — to advance; OEDIT and local officials said the MIHA program allows flexibility to adjust AMI if needed.
County and state housing officials briefed the board on Noosh Village, a proposed 75-unit middle-income housing development on nine acres adjacent to Granby. County commissioners approved a letter confirming the county's willingness to provide local tax abatement and to eliminate the statutory 90-day wait so bond underwriting can proceed immediately.
A local project representative (speaker 25, referenced in the record as Nicole) described the project as 75 rental units priced to serve households at roughly 80%–120% area median income (AMI) with the ability to seek flexibility up to 140% AMI if necessary. Hilary Cooper (speaker 20) from the Office of Economic Development and International Trade (OEDIT) described the Middle Income Housing Authority (MIHA) bond program, encouraged local flexibility on AMI determinations and said underwriting would analyze local needs.
Commissioners asked about market demand at the proposed AMI band and recognized other local projects serving lower-income brackets; members said the Noosh Village project would complement those efforts. The board moved to approve the tax-exemption confirmation and authorized the chair to sign the supporting letter to eliminate the 90-day wait so the conditional MEHA participant can move forward with offering bonds.
