Garfield County uses $4.1 million in bonds to support affordable housing

Garfield County uses $4.1 million in bonds to support affordable housing

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 the…