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Private Activity Bonds to Support 292 Affordable Homes in Greeley

June 17, 2026

GREELEY, Colo. — City Council approved a resolution in its June 16 session to award Private Activity Bonds for three affordable housing developments in Greeley. The awards will help create or preserve 292 affordable homes in Greeley.  

Private Activity Bonds (PABs) are federally regulated, tax-exempt bonds issued by the state. They help privately developed housing projects qualify for 4% Low-Income Housing Tax Credits. While bonds are awarded through the city, they are not City of Greeley funds and are not part of the city budget. Instead, they are a financing tool that helps make affordable housing projects possible.

“Private Activity Bonds are an important tool because they help the development and preservation of affordable housing,” said Housing Solutions Director Deb Callies. “By leveraging these financing opportunities, we can support projects that expand housing choices and meet critical community needs.”

The awards will support three developments:  

  • Lincoln Avenue Communities will preserve 108 deeply affordable, HUD-supported homes near Island Grove.
  • The Vistas at Hope Springs by Brickwell Development will bring 120 new rental homes to Greeley. These homes will be for families earning below 80% of the area median income. Forty of these homes will be fully ADA accessible.
  • High Plains Development will rehabilitate 64 homes across the Prairie Rose properties. These homes are for families making 40-50% of area median income.

Together, these projects will expand and protect affordable housing options for Greeley residents.

About Housing Solutions

A key part of Greeley City Council’s 2037 Vision is ‘Housing for All’. The Housing Solutions department supports this goal by working to expand, preserve and improve safe, attainable housing throughout the community.

Housing Solutions develops strategies and partnerships to boost housing options. This includes options from income-restricted affordable homes to market-rate housing. Through targeted investments, collaboration with community partners and ongoing performance tracking, Housing Solutions helps create opportunities for residents to find safe, stable housing that meets their needs. 

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