Thornton City Council Update Session - July 14, 2026

The Thornton City Council held an update session on July 14, 2026, which included a detailed discussion on the allocation and reassignment of private activity bonds for affordable housing projects. Staff presented an overview of the bonds, which are tax-exempt municipal bonds allocated by the state to the city to support affordable housing developments. The council reviewed past bond assignments and considered proposals for 2024, 2025, and 2026 allocations, including projects by Maker Housing Partners, Cornerstone, and Rut Walton. The discussion focused on balancing funding between new affordable rental units and homebuyer assistance programs, with council members expressing interest in ensuring funds benefit Thornton residents directly. The council also discussed federal grant rule changes that could impact local government grant administration, with a consensus to submit comments opposing certain provisions. No formal votes were recorded in the transcript, but staff sought and received council direction to proceed with bond reallocations and to engage with federal grant rulemaking processes.