Financing Growth... All Over Illinois
"We help finance initiatives throughout Illinois that stimulate the economy, create jobs and make a better Illinois for all."
The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, agriculture and local government units statewide.
IFA funded over $5 billion in project financing in fiscal year 2008. Since its formation in 2004, IFA has funded 780 projects representing over $15 billion in capital projects to support growth initiatives thoughout Illinois — initiatives that create and keep jobs, stimulate the economy and improve quality of life.
Bring us your ideas. We think you'll find...A little help from IFA goes a long way.
IMPORTANT NEWS - ENERGY INITIATIVE
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Latest News
Governor Quinn Makes Four Appointments to IFA Board
Governor Pat Quinn today made four appointments to the IFA Board of Directors. Then new...
Click here to learn more.IFA Names Christopher Meister as New Executive Director
The Illinois Finance Authority Board of Directors today named...
Click here to learn more.Exciting News for Illinois Beginning Farmers!
The limit for Beginning Farmer Bonds increased from $250,000 to $470,100 with the passage of SB260, effective 1-1-10.
With this increase, IFA's Beginning Farmer Bonds are now an even more effective tool for financing farmland for small and beginning Farmers. Thanks to the efforts of Senate Sponsor Mike Frerichs, House Sponsor Bill Black, the Illinois Farm Bureau, and IFA Agricultural Funding Manager Eric Reed, the new limit will allow Illinois to keep family farms in Illinois.
Click here to learn more.Local Governments and School Districts will Benefit from IFA's Local Government Bond Program – Now Streamlined and Lower Cost!
A transaction can now be approved at just one board meeting. We've also
substantially reduced legal fees, creating a range of savings to the borrower.
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Stimulus Bill Expands Use of IRBs
Now signed, the American Recovery and Reinvestment Tax Act of 2009 expands
manufacturing definitions for the use of industrial development bonds – with
important economic development benefits.
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Federal Home Loan Bank Letter of Credit Provision – A Positive for Access to Capital
With the recent passage of the Housing Relief Bill, a new provision will
enable Federal Home Loan Bank member banks to obtain Letters of Credit to support
certain tax-exempt bond issues. Local, community-based member banks will have an
additional resource for obtaining highly rated credit enhancement to support
tax-exempt bond issues, particularly for non-rated borrowers.
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1985 Pooled Funds Available for Reimbursement of Capital Expenditures for Rated Hospitals
IFA can provide qualified Illinois Hospitals with access to capital financing
at a low borrowing cost. The 1985 Revolving Fund Pooled Financing
Program has approximately $90 million available for reimbursement of
capital expenditures.
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Upcoming Events
IFA Funding Managers participate in a
variety of educational events.
Click here for more details and registration information.
Meet your IFA Team
IFA staff offers extensive expertise
in market segments and financing structures. They help identify critical market needs
and assist with client projects where affordable access to capital makes the difference
in financial feasibility.
contact us
IFA was created...
... by consolidating services previously provided by these authorities.
- Illinois Development Finance Authority
- Illinois Farm Development Authority
- Illinois Health Facilities Authority
- Illinois Educational Facilities Authority
- Illinois Rural Bond Bank
- Illinois Community Development Finance Corporation
- Illinois Research Park Authority