FINANCIAL_SERVICESAPPROVED

Town of Firestone Board of Trustees Regular Meeting Agenda Packet 2026-06-17

Firestone Assigns 2026 Bond Allocation to CHFA

$1,277,624 (2026 Private Activity Bond allocation)Town of FirestoneCOLORADO HOUSING & FINANCE AUTHORITYJune 17, 2026

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Description

The Town of Firestone approved Resolution 26-50 and executed an Assignment of Allocation transferring its full 2026 Private Activity Bond cap of $1,277,624 to the Colorado Housing and Finance Authority. CHFA will use the allocation to issue revenue bonds or mortgage credit certificates to support affordable housing and single-family mortgage lending in Firestone and statewide.

Contract Details

Contract Amount

$1,277,624 (2026 Private Activity Bond allocation)

Vendor

COLORADO HOUSING & FINANCE AUTHORITY

Agency

Town of Firestone, CO

Contract Type

FINANCIAL_SERVICES

Document Date

June 17, 2026

Contract Term

Assignment of 2026 PAB allocation; Revenue Bonds to be issued within one year of Assignment; allocation usable prior to September 15, 2026

Renewal Date

2026-09-15

Renewal Info

One-time assignment of 2026 Private Activity Bond allocation; allocation must be used for bonds issued before September 15, 2026 or carried forward per federal and state law. Future years will require separate allocations and assignments.

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