The City of Westminster is accepting applications for the 2022 State of Colorado Private Activity Bond (PAB) allocation. The City has $6,416,147 in bonding authority to assign to a project or developer who demonstrates that they can effectively utilize the City’s 2022 PAB in a project that benefits city residents. The bonds may be awarded in full or divided between qualified projects.
The ability to apply PAB to desired development investments in our community strengthens Westminster’s balanced housing portfolio. In recent years the City assigned PAB to affordable housing developments in support of their applications for Low-Income Housing Tax Credits (LIHTC) and to the Colorado Housing and Finance Authority (CHFA) to provide low-interest mortgages and down payments for first time home-buyers.
Application will be accepted through 5:00 p.m. on Wednesday, July 1, 2022.
Please see the application instructions here