Longmont Housing Authority (LHA) Advisory Board - Board of Commissioners Meeting, July 2026

The Longmont Housing Authority (LHA) Advisory Board held a Board of Commissioners meeting on July 24, 2026, where they discussed and approved a resolution related to the issuance of bonds to finance a housing project. The project is scheduled to close financing and begin construction on August 10th. The bond issuance is expected to generate approximately $85,500 in issuance fees and an estimated $9,200 in annual monitoring fees for the LHA, which will be deposited into the LHA general fund. The board agreed to hold any excess general fund revenue in reserves to maintain a healthy balance, with potential use for administrative staffing or special projects. The housing project involves Low-Income Housing Tax Credit (LIHTC) income averaging, targeting an average of 55% Area Median Income (AMI) with a mix of deeply affordable and attainable middle-income units. The resolution passed unanimously with one commissioner absent.