Since 1983, El Paso County has supported the development of thousands of multifamily housing units through the issuance of tax-exempt bonds. This is primarily accomplished through Private Activity Bonds (PAB), which are often paired with federal Low-Income Housing Tax Credits (LIHTC) to help finance affordable housing developments throughout the community.
Private Activity Bonds are issued as conduit, or “pass-through,” financing, meaning repayment responsibility remains solely with the borrower—not El Paso County or local taxpayers. This financing structure allows El Paso County to support important community development projects while creating no direct debt obligation for County government or County residents.
Projects financed through this program include both newly constructed developments and the acquisition or rehabilitation of existing properties. In exchange for access to lower interest rate financing and potential tax credit benefits, project owners agree to reserve a portion or all of their units for low- to moderate-income residents of El Paso County.
