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!
What makes us different
- 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.
- If the terms in the preliminary quote are satisfactory to your entity, the Indiana Bond Bank will send you an application to be submitted.
- Your application will then go through a credit review by the Indiana Bond Bank's municipal advisor.
- The Indiana Bond Bank structures the debt to determine the repayment schedule, interest rate and any reserve accounts, if applicable.
- With the Indiana Bond Bank, you select a closing date on which to receive funds.
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!
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 firstname.lastname@example.org.
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.
Complete a Commitment Free Inquiry to Receive a Preliminary Financing Quote
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