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iBank outlines infrastructure loans: up to $65M, 30-year terms and eligibility limits
Summary
The California Infrastructure and Economic Development Bank (iBank) presented its loan programs for infrastructure projects, eligibility rules, typical timelines and examples of past loans and projects.
Representatives from the California Infrastructure and Economic Development Bank explained how iBank finances infrastructure projects and what types of applicants and projects are eligible.
Why it matters: iBank lending can fill financing gaps for local infrastructure projects, offering tax-exempt loans, long terms and potentially 100% financing for eligible projects located in California.
Betty Bien and Lydia Workman described iBank’s Infrastructure State Revolving Fund (ISRF) loan program and other…
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