$3.15 million set-aside authorized for local qualifying mortgages
GARFIELD COUNTY, CO –Garfield County has authorized the Colorado Housing and Finance Authority (CHFA) to utilize $3.15 million in private activity bond (PABs) capacity to help first-time homebuyers, qualified veterans, and other qualifying homebuyers purchase a single-family home. The Internal Revenue Service (IRS) assigns each state an annual bonding authority, or capacity on PABs, which is allocated to municipalities and counties on a per-capita basis. Investors may then purchase the bonds, which are used to help finance various housing developments; mortgage loans; and mortgage credits for first-time homebuyers. Karen Harkin, community relationship manager for CHFA, told the Board of County