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Facility Finance Authority outlines conduit bonds, trust loans and CPACE financing for rural health and community projects
Summary
The Montana Facility Finance Authority described conduit bond financing, direct and trust-fund loan programs and a CPACE program intended to lower capital costs for nonprofit healthcare and community projects statewide, with examples from rural hospitals and small businesses.
Adam Gill, executive director of the Montana Facility Finance Authority (MFFA), told the appropriations subcommittee the authority helps nonprofit healthcare and community borrowers access lower-cost capital through conduit bonds, direct revolving loans, trust-fund loans and a commercial PACE (CPACE) program.
Gill explained conduit bonds are issued through local units of government and allow nonprofits to…
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