Tag: Housing Bond

By Sage Kelley | Colorado Politics The Arvada City Council voted to roll the city’s nearly $8 million bond into 2026 to potentially help create large-scale affordable housing amidst shortages throughout the region. The council met with the city’s Housing Manager Carrie Espinosa on Tuesday to discuss how the city should move forward with the 2025 Private Activity Bond, ultimately voting 4-1 to combine it with next year’s funds. Arvada received $7.9 million of private activity bonds from the State of Colorado Department of Local Affairs for 2025, with the intention to use the bonds to support private or public developers in making an affordable housing project. According to the request for proposal, affordable was defined as housing costs that are less than 30% of gross income fo...