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The City of Longmont is requesting Letters of Intent (LOIs) for the City’s 2026 Private Activity Bond (PAB) Allocation. The City annually receives a PAB allocation from the Colorado Department of Local Affairs that allows tax-exempt bond financing for a variety of economic development and/or affordable housing projects. The City’s 2026 PAB allocation is $6,778,793.
PABs offer low-cost financing to encourage private sector investment in communities throughout the country. PABs support investment in projects that increase the tax base of a local community, including: (1) affordable housing, (2) economic development/manufacturing, (3) infrastructure, and (4) environmental projects.
View the City of Longmont’s PAB Procedures and Guidelines. The procedures include detailed information on the PAB program purposes, eligible uses of PABs, and the structure of PAB issues.
The City strongly suggests that any project developer considering using PABs seek advice of bond counsel prior to submitting an application to determine project eligibility under federal definitions of PABs.
SCHEDULE OF PAB ACTIVITIES
The City will accept Letters of Intent from developers seeking 2026 PABs.
City staff will evaluate LOIs and reach out to developers with next steps.
Inducement Entity adopts resolution or ordinance authorizing carryforward or issuance of bonds by September 15, 2026.
Please contact the Housing Investment Manager with questions or for more information.
