City of Lakewood Council Meeting Agenda August 11, 2025
Lakewood Assigns $10.1 Million Bond Cap to Metro West Housing
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Description
The City of Lakewood approved transferring its full $10,116,429 Private Activity Bond allocation to the Housing Authority of the City of Lakewood, d/b/a Metro West Housing Solutions, for affordable housing projects. The assignment enables the Authority to issue tax-exempt bonds for new or existing multi-family projects for low- and moderate-income residents by September 15, 2025.
Contract Details
Contract Amount
$10,116,429 (allocation of 2025 Private Activity Bond Volume Cap)
Vendor
HOUSING AUTHORITY OF THE CITY OF LAKEWOOD COLORADO DBA METRO WEST HOUSING SOLUTIONS
Agency
City of Lakewood, CO
Contract Type
FINANCIAL_SERVICES
Document Date
August 11, 2025
Contract Term
Bonds must be issued by September 15, 2025, or carryforward per statutory terms
Renewal Date
2025-09-15
Renewal Info
Assignment must be utilized by September 15, 2025 or extended under carryforward rules. Future allocations may require further Council action.
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