Private Activity Bonds
Weld County is introducing a new application process for the first time and inviting 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 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.
Nonprofit organizations, quasi-governmental agencies (organizations that perform government functions but not controlled by the government) and private businesses are eligible to apply for the bonds and letters of interest(PDF, 150KB)
must be submitted by Friday, May 2, 2025, at 5 p.m. via email to Cheryl Pattelli, Weld County Chief Financial Officer, at cpattelli@weld.gov.
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 an eligible project(s) within Weld County. Weld County can also assign $3,738,670 of 2024 PABs for a qualified residential rental project.
The Weld County Board of County Commissioners will review the letters of interest and approve the 2025 Private Activity Bonds assignment prior to the September 15, 2025, deadline. Please contact Cheryl Pattelli for any additional questions.
View the letter of interest requirements and submission process.(PDF, 150KB)