Weld County is announcing a new process for issuing Private Activity Bonds (PABs), a crucial tool for local businesses and nonprofits to secure financing for important development projects. PABs, authorized by the federal government and allocated to counties and municipalities, offer tax-exempt financing to support projects that enhance community infrastructure, affordable housing and economic growth.
Importantly, Weld County acts as a pass-through issuer, meaning no county tax dollars are involved in the process. The county does not assume any debt or financial responsibility, ensuring that taxpayers are not impacted. By leveraging this federal program, developers benefit from lower borrowing costs, as the interest on these bonds is exempt from federal income tax.
This funding mechanism allows Weld County to support critical initiatives that might otherwise be challenging to finance, from affordable housing to public infrastructure, creating an exciting opportunity to advance local development while maintaining financial stability for residents.
The county has received growing interest in recent years, and this formal process will allow all interested parties a chance to apply for funding and ensure fair distribution. In the past, PAB allocations were distributed on a first-come, first-served basis.
For 2025, Weld County can assign $7,907,795 in PABs and an additional $3,738,670 in forfeited 2024 PABs for eligible projects. To apply, applicants must submit a letter of interest by May 2, 2025, to Cheryl Pattelli, Weld County Chief Financial Officer, at [email protected].
Eligible projects include:
• Affordable multifamily housing
• Single Family Mortgage Revenue Bonds
• Mortgage Credit Certificates
• Industrial Development Bonds for smaller manufacturing projects
• Qualified Redevelopment Bonds
• Solid Waste Disposal Bonds
The Weld County Board of Commissioners will review letters of interest and approve PAB assignments before Sept. 15, 2025. Project funds must be utilized by September 2028 (September 2027 for 2024 funds) and cover all related expenses.
For more information, including requirements for letters of interest, visit the Weld County Department of Finance and Administration webpage.
