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Since 1983, El Paso County has financed the development of thousands of units of multifamily housing through the issuance of tax-exempt bonds. This is primarily accomplished through the issuance of Private Activity Bonds (PAB), which are typically coupled with federal Low Income Housing Tax Credits (LIHTC). These projects range from newly constructed complexes to acquired and rehabilitated properties in return for a lower interest rate on the loans and potential tax credits. In exchange, each project sets aside some or all of their units for County residents of low- to moderate-income. While some of these projects are no longer subject to these restrictions, the following developments still provide some of their units for affordable housing pursuant to County guidelines.

Click here for a Private Activity Bond Program flyer!

El Paso County PAB Specifics

Pre-application meetings are required before submitting a PAB application. Be sure to schedule your meeting early in the development process.

  • Issuer Closing Fee = .40% (40bps)
  • Annual Compliance Fee = .15% (15 bps)
  • Due to the highly competitive nature of Private Activity Bonds, PAB will only be awarded for 51-55% of the eligible basis.
  • EPC uses the same application for PAB and Housing Trust Fund (HTF).

Recent El Paso County Multi-Family PAB Partnerships

For more information, or to schedule your
pre-application meeting, contact:

Randi Davis
Housing Analyst
9 E. Vermijo Avenue
Colorado Springs, CO 80903

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