501(c)(3)
Nonprofit Facilities Bonds
Another type of bond IHFA offers is a financing program for 501(c)(3)
nonprofit organizations. Nonprofit Facilities Revenue bonds are issued by IHFA to finance
facilities to be owned by qualified nonprofit organizations and do not have to be housing-related.
Developments that are or will become governmental facilities, could be financed by other governmental
means, or have a religious affiliation are not eligible for financing under this program. In
addition, these bonds cannot be used unless they will serve a valid public purpose.
IHFA uses its bond financing and administrative expertise on behalf of qualified
Idaho nonprofit organizations to obtain lower-cost, tax-exempt financing, which means large savings
in financing costs for nonprofits. Funding guidelines also state that IHFA cannot be held liable for
defaults by the users of these bonds, and that the parties benefiting from the financing pay for it.
Between 1997-when IHFA was first authorized to issue these bonds-and today, IHFA has completed 21 bond issues with a total principal value over $72 million.
| |
Name |
Community |
Amount |
Date Closed |
| 2007 |
|
|
|
|
| |
Rolling Hills Public Charter School |
Boise |
$2,500,000 |
Mar. 1, 2007 |
| |
Hidden Springs Charter School |
Hidden Springs |
$5,805,000 |
Mar. 8, 2007 |
| |
Goodwill Industries of the Inland Northwest |
Moscow |
$1,400,000 |
May 25, 2007 |
| 2006 |
|
|
|
|
| |
Wood River Community YMCA |
Ketchum |
$8,000,000 |
Jan. 5, 2007 |
| |
Healthwise, Inc. |
Boise |
$3,520,000 |
Jan. 18, 2006 |
| |
Thomas Jefferson Charter School |
Caldwell |
$2,600,000 |
Jan. 31, 2006 |
| |
| 2005 |
|
|
|
|
| |
The Community School |
Sun Valley |
$6,000,000 |
Aug. 16, 2005 |
| |
Pocatello Charter School |
Pocatello |
$2,480,000 |
Aug. 29, 2005 |
| |
Moscow Charter School, Inc. |
Moscow |
$752,000 |
Dec. 20, 2005 |
| |
Idaho Shakespeare Festival, Inc. |
Boise |
$465,000 |
Dec. 22, 2005 |
| |
| 2004 |
|
|
|
|
| |
YMCA of Boise City |
Boise |
$3,400,000 |
Oct. 28, 2004 |
| |
YMCA of Caldwell |
Caldwell |
$6,600,000 |
Dec. 23, 2004 |
| |
| 2003 |
|
|
|
|
| |
Snake River Montessori School |
Idaho Falls |
$1,300,000 |
May 14, 2003 |
| |
North Star Charter School |
Eagle |
$935,000 |
July 11, 2003 |
| |
| 2002 |
|
|
|
|
| |
Wedgewood Terrace Assisted Living Facility |
Lewiston |
$4,160,000 |
Feb. 21, 2002 |
| |
Nampa Charter School |
Nampa |
$2,485.000 |
June 20, 2002 |
| |
Friends of Children and Families, Inc., |
to refinance Head Start Centers in Glenns Ferry, Mountain Home and Boise, and to finance construction of new Head Start Centers in Meridian and Garden City |
$1,968,070 |
Dec. 27, 2002 |
| |
| 2001 |
|
|
|
|
| |
Wedgewood Terrace Assisted Living Facility |
Lewiston |
$4,250,000 |
|
| |
Albertson College of Idaho |
Caldwell |
$16,500,000 |
Oct. 15, 2001 |
| |
Neighborhood Housing Services, Inc., |
For the MelloDee Thornton Mobile Home Park in Boise |
$1,350,000 |
Dec. 21, 2001 |
| |
| 2000 |
|
|
|
|
| |
Snake River Montessori School |
Idaho Falls |
$560,000 |
June 21, 2000 |
| |
| 1999 |
|
|
|
|
| |
Albertson College of Idaho |
Caldwell |
$2,000,000 |
Feb. 18, 1999 |
| |
YMCA of Boise |
|
$6,000,000 |
April 29, 1999 |
| |
| 1998 |
|
|
|
|
| |
National Oregon-California Trail Museum |
Montpelier |
$800,000 |
Nov. 5, 1998 |
| |
| 1997 |
|
|
|
|
| |
Albertson College of Idaho |
Caldwell |
$4,490,000 |
Aug. 28, 1997 |
| |
| TOTAL |
21 bond issues |
|
$72,615,070 |
|
|
