Public Project Financing - Redefined

Community Funding Resource Program

Starting a new public project? Thrown off course trying to locate efficient and affordable financing? Need hands-on assistance from experienced professionals? Let the Community Funding Resource (CFR) program get your project headed in the right direction. Through our CFR program, the Indiana Bond Bank offers direct financing for any public projects with a term of less than 10 years. We accept applications on a rolling basis, so tell us a bit more about your project below and we can let you know how the IBB can help!

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Benefits

What makes us different

Terms up to 10 Years
No Public Credit Rating Required
Fixed Amortization for the Life of Loan
New or Existing Public Projects

The process

  1. Submit an inquiry about your financing needs and a member of the Indiana Bond Bank will follow up to provide you a commitment-free preliminary quote with estimated rates and cost of issuance.
  2. If the terms in the preliminary quote are satisfactory to your entity, the Indiana Bond Bank will send you an application to be submitted.
  3. Your application will then go through a credit review by the Indiana Bond Bank's municipal advisor.
  4. The Indiana Bond Bank structures the debt to determine the repayment schedule, interest rate and any reserve accounts, if applicable.
  5. With the Indiana Bond Bank, you select a closing date on which to receive funds.

Examples of Projects
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In my role as township trustee, the public relies on me to balance several priorities at any given time.  In 2020, the construction of a new fire station was one of many in our township.  The Indiana Bond Bank team was so very helpful through the financing process, allowing me to focus on other critical pieces of managing the project.  Cleveland Township was able to secure a very attractive financing deal and the customer service went above and beyond!

Kathy Gordon Trustee Cleveland Township
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Guide

Common Questions

We have answers! If not covered here, please reach out.

What is the purpose of the Community Funding Resource (CFR)?

The CFR program provides local governmental units with an alternative financing tool for infrastructure and other related projects.  The CFR is for cities, towns, school corporations, townships, libraries, counties and other local governmental units.

What type of projects are eligible for Community Funding Resource?

The CFR program was designed for public projects including but not limited to construction of public building (e.g. fire station, police station, city/town hall), equipment purchase, public facility addition/rehabilitation, gap financing and more.  Please fill out an inquiry below or email bondbank@inbondbank.com.

Is the Bond Bank’s CFR a grant or loan?

The CFR is a loan that is paid back in full plus interest through a third party.

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Complete a Commitment Free Inquiry to Receive a Preliminary Financing Quote

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Other areas we can halp

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The fiduciary responsibility for tax dollars is central to your mission as a unit of government. When it comes to predicting budget expenses, that task may feel overwhelming. We live in a world of volatile events, where even the smallest occurrence on the other side of the world can impact Indiana. Particularly with the fuel needed to run key vehicles. With risks everywhere that are out of your control, where can you turn? Thankfully, the Indiana Bond Bank (IBB) has a tool specifically designed to protect your fuel budget against volatile prices. In these times of uncertainty, protecting your fuel budget is more important than ever. Why set your budget up for a headache when you can set it and forget it?

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Hoosier Equipment Lease Purchase Program

Simply and quickly access competitive essential equipment financing through the Hoosier Equipment Lease Purchase (HELP) program. Financing through HELP satisfies Indiana's legal requirement to bid the financing, while using a simple 1-page application to connect you to the most competitive rates offered through the IBB’s statewide network of lenders. Our new HELP “Rate Buy-Down Enhancement” now offers the opportunity for even greater savings.

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Advance Funding Program

Sometimes things don't go as planned. Through no fault of your own, you have a timing mismatch between expenses being due and your property tax disbursement. Through the Advance Funding Program, the Indiana Bond Bank offers cash flow stability to units of government through pooled tax anticipation warrants at an all-inclusive competitive rate. Since 1984, the Advance Funding Program has assisted over 250 units of government with $14 Billion in short-term cash flow needs.

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Interim Loan Program

The Interim Loan Program offers short-term design study and construction cost financing for USDA-Rural Development projects. The process is streamlined through established partnerships and experiences. The program is currently structured to serve design study and construction cost financing needs of municipalities already approved for USDA-RD permanent financing. If you are in need of design study or construction cost financing, but not approved for a USDA-RD loan, please use the "Ask Us a Question" button below to see how we might assist!

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