A Resolution Authorizing the Assignment of the City of Arvada's Private Activity Bond Allocation to the Housing Authority of the County of Adams, State of Colorado, d/b/a Maiker Housing Partners, Pursuant to the Colorado Private Activity Bond Ceiling Allocation Act
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Presenter: Sam Bradley, Housing Development Specialist The City of Arvada received a Private Activity Bond (PAB) allocation of $8,306,668 in 2026 from the State of Colorado to support development in Arvada. Arvada's Housing Division offered a competitive opportunity to housing developers to apply for the bonds. City staff recommends splitting the 2026 bonds between two affordable projects, one being the Vantage Pointe Apartments project located in unincorporated Adams County. Staff recommends assigning $3,006,688 in PAB to the Adams County Housing Authority (d/b/a Maiker Housing Partners) for the development of Vantage Pointe Apartments, as a joint effort between Arvada and Adams County. The project is expected to meet its PAB threshold with Arvada's assignment, apply for low-income housing tax credits (LIHTC) and begin construction in 2027. Arvada has requested that a portion of the units be allocated towards its Proposition 123 unit commitment for the 2027-2029 funding cycle. The Arvada team recommend approval of R26-059, A Resolution Authorizing the Assignment of the City of Arvada's Private Activity Bond Allocation to the Housing Authority of the County of Adams, State of Colorado, d/b/a Maiker Housing Partners, Pursuant to the Colorado Private Activity Bond Ceiling Allocation Act.
Status timeline
| Date | Location | Action |
|---|---|---|
| 08/18/2026 | City Council | Listed on the City Council agenda — Resolutions |
Full text
Official record
City of Arvada — City Council meetings, CivicClerk (arvadaco.api.civicclerk.com)
Source: City of Arvada — City Council meetings, CivicClerk (arvadaco.api.civicclerk.com) · Data as of
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