Financing "Green" Facilities
IFA can assist with the following "Green" project financings...
- Acquiring facilities and real property
- New Construction
- Renovations
- Major equipment purchases
- Refinance all of the above
Put IFA's experience on your team for capital project and fixed asset financings, including tax-exempt bonds, loans and equipment financing.
Spotlighting "Green" Financings
Loyola University
$95 million, Commercial Paper Revenue Bonds
As part of Loyola's sustainability initiative, construction of the new Information Commons is expected to obtain Silver Level Leadership in Energy and Environmental Design (LEED) certification. In fact, all new construction projects on campus are planned to be certified and meet the standards of the LEED program.
McKinley Foundation at University of Illinois, Urbana-Champaign
$21.7 million, 501(c)(3) revenue bond
The McKinley Foundation was awarded a grant from the Illinois Clean Energy Community Foundation for the LEED Silver Design and Commissioning of their student housing development project financed with tax-exempt bonds issued through IFA
Elmhurst College
$25 million, 501(c)(3) revenue bond
This financing funded a "green" campus redevelopment project including a residence hall that is the region's first college or university housing unit to earn LEED certification. The project features several sustainable landscape features including a permeable parking lot, cisterns to capture and recycle rainwater, bioswales, rain gardens, and native species. The College plans utilized its science faculty and chemistry and biology students to monitor its effectiveness as well as water quality.
Elmhurst Memorial Hospital
$347,000,000, 501(c)(3) revenue bond
Elmhurst Memorial Healthcare will use recycled materials in building its new $450 million hospital at the south end of the city, and roughly 40 percent of the site will be landscaped with trees and native shrubs. Builders also plan to create rooftop gardens that patients can visit.
Rush Medical Center
$202,000,000, 501(c)(3) revenue bond
In 2004, Rush revealed its plans for the most comprehensive construction and facilities renovation program in its history. Dubbed "The Rush Transformation," the program encompasses Rush's plans to invest in new technology, build new facilities and improve patient care processes, while at the same time reorienting the entire physical campus around patients and their families. In the design plans, special attention is being paid to environmental efficiency and responsiveness and Rush is seeking Leadership in Energy and Environmental Design (LEED) certification.
Getting Started
Financing options include...
- 501(c)(3) Revenue Bonds
- 501(c)(3) Leases
- Local Government Bonds
- Local Government Leases
- Certificates of Participation
- IFA Participation Loans, and more. Talk to us about your needs.
Steps to finance through IFA...
- Review project scope to identify costs that may be financed with tax-exempt bonds, or other financing tools
- Confer with advisors and counsel to determine savings & requirements with tax-exempt bonds
- Submit application to IFA as plans emerge
- Seek inducement from IFA well before incurring hard costs for the project
- Seek final IFA approval upon completion of substantially final documentation
Talk with our IFA Team
IFA's market sector teams offer expertise in market segments and financing structures. They can help identify strategies to fund upgrades, renovations and/or new construction elements of your "green" projects where affordable access to capital may make the difference in financial feasibility. Meet the team.
