Greeley opens funding applications for developers looking to build affordable homes

Greeley opens funding applications for developers looking to build affordable homes

The city of Greeley expects to receive upwards of 10 applications for affordable housing development after opening $24.4 million in private activity bonds to developers. In January, the city council approved a resolution establishing the process for awarding private activity bonds, or PABs, which are independent funds granted by the Colorado Housing Authority to help construct affordable homes across the state. The city now has more than  $24 mi…