Private Activity Bonds

the word bond stacked on dice

In 2025, Weld County invited qualifying organizations to submit letters of interest for Weld County's 2025 Private Activity Bonds (PABs). These tax-exempt bonds are designed to support projects that expand affordable housing, enhance the local economy and promote community development within Weld County. The county has received growing interest in recent years, and this formal process allows all interested parties the chance to apply for funding and ensure fair distribution. In the past, PAB allocations were distributed on a first-come, first-served basis.

PABs are a way for private businesses and nonprofits to secure financing, with the county acting as the issuer. Importantly, the county doesn’t take on any debt, so taxpayers aren't affected. The federal government gives counties and cities the authority to issue these bonds, and because the interest is exempt from federal income tax, developers typically pay lower borrowing costs. In 2025, Weld County can assign $7,907,795 of PABs to eligible projects within Weld County. Weld County can also assign $3,738,670 of 2024 PABs for a qualified residential rental project.

View the letter of interest requirements and submission process(PDF, 164KB).

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