Private Activity Bonds - Summary

Private Activity Bonds (PABs) are tax-exempt bonds that can be issued for specific purposes, including single-family mortgage revenue bonds, industrial development bonds, rental housing development, and exempt facilities.  The federal government grants annual allocations of this bonding authority to states under the Tax Reform Act of 1986.

City of Loveland Private Activity Bond Program

The City accepts applications for Loveland's bond cap up to two times each year.  The deadline for the first round is March 1, 2010.  If any bond cap remains after the first round, applications are accepted through September 15, 2010. More information is available in the program guidelines.   In 2009, the City of Loveland's bond cap was $2,887,470.

State Private Activity Bond Program

The State of Colorado offers a private activity bond program.