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California Infrastructure Bank outlines ISRF loans: who qualifies and what projects they finance
Summary
The California Infrastructure and Economic Development Bank (iBank) described its ISRF/ISERP direct loan program, eligibility, typical loan sizes and examples of recent loans, saying borrowers can receive low, fixed-rate, tax-exempt financing for infrastructure projects across California.
An iBank presenter summarized the bank's direct loan programs (including the Infrastructure State Revolving Fund/ISERP loans) and said loans can finance "any cost associated with the project, including design, acquiring, planning, constructing, and consulting costs." The presenter said loan sizes typically range from a $1 million minimum to a $65 million maximum and that terms of up to 30 years are available when…
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