The Illinois Finance Authority (IFA) is a leading issuer of private activity bonds (PABs) in the United States, with over $24 billion in outstanding bonds. Through PABs, the IFA enables various charitable organizations, educational institutions, museums, and housing providers to finance their capital infrastructure projects at favorable interest rates and longer maturities, fostering long-term economic growth in communities across Illinois. Additionally, the IFA is actively engaged in pursuing federal resources to combat climate change through finance, as evidenced by its Illinois Climate Bank program.
As the Climate Bank, the IFA is dedicated to leveraging federal resources to address climate change through financial initiatives. In addition to its focus on climate-related financing, the IFA also offers the Commercial Property Assessed Clean Energy (C-PACE) program, which provides financing options for commercial real properties seeking to implement clean energy solutions. With a commitment to supporting business and community growth, the IFA plays a vital role in driving economic development and sustainability in Illinois.
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