Tag: Canyon Vista Project

By Julianne O’Driscoll | Post Independent Garfield County commissioners voted unanimously Monday to allocate almost $4.1 million in private activity bonds to the Colorado Housing and Finance Authority (CHFA) to support local affordable housing projects. Private activity bonds are tax-exempt loans used to fund private development projects, according to the Colorado Division of Housing. Every year, the Internal Revenue Service assigns each state a private activity bond limit. Colorado then allocates the bonds to cities and counties based on area population. This year, Garfield County received a private activity bond cap of nearly $4.1 million based on a population count of 62,722.  Local governments decide how to use the bonds. Garfield County on Monday authorized the...