Private Activity Bond Program
Offers Iowa borrowers access to tax-exempt financing via private activity bonds for public-benefit oriented projects.
Iowa's Private Activity Bond (PAB) Program enables the Iowa Finance Authority (IFA) — a sister authority to IEDA — to issue tax-exempt bonds on behalf of private entities for projects that serve a public interest while benefiting private operations. Bond proceeds allow eligible borrowers to access tax-exempt financing, reducing their cost of capital relative to conventional taxable debt. The bonds…
Enables Iowa Finance Authority to issue tax-exempt bonds on behalf of private entities for eligible public-benefit projects including solid waste facilities, affordable housing, industrial revenue bonds, and nonprofit projects.
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