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Private Activity Bond Program

Private Activity Bond Program

Offers Iowa borrowers access to tax-exempt financing via private activity bonds for public-benefit oriented projects.

Between cyclesIowa Economic Development AuthorityUnited States

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.

CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Rolling
Next deadlineiThe next date applications are due. Rolling means you can apply any time.Rolling
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Loan
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—

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Last verified: 24 Jul 2026Source: opportunityiowa.gov