City of Westminster City Council Agenda Packet 2026-05-18
Westminster Assigns 2026 Bond Allocation to Maiker
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Description
The Westminster City Council approved Resolution No. 14 assigning its full 2026 Private Activity Bond allocation of $7,905,503 to the Housing Authority of the County of Adams, doing business as Maiker Housing Partners. The allocation will support tax-exempt bond financing for affordable multifamily housing projects in Westminster, including the Irving Street Seniors Affordable Housing development for seniors.
Contract Details
Contract Amount
$7,905,503 (2026 Private Activity Bond allocation)
Vendor
HOUSING AUTHORITY OF THE COUNTY OF ADAMS STATE OF COLORADO DBA MAIKER HOUSING PARTNERS
Agency
City of Westminster, CO
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Allocation must be used or carried forward prior to September 15, 2026; carryforward option up to three additional years if elected
Renewal Date
2026-09-15
Renewal Info
Allocation must be used or carried forward in accordance with federal tax code; Maiker may file IRS Form 8328 to carry forward unused volume cap for up to three additional years.
Vendor
HOUSING AUTHORITY OF THE COUNTY OF ADAMS STATE OF COLORADO DBA MAIKER HOUSING PARTNERS
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