A national conduit issuer of taxable and tax-exempt bonds, PFA partners with local governments to assist in the financing of public benefit projects that create temporary and permanent jobs, affordable housing, and community infrastructure and improve the overall quality of life in local communities.
PFA provides the ability to finance multistate projects and has rapidly become a valuable local resource for bond financings across the country. In 2014, the number of issuances by PFA grew 90 percent from 2013 and financings for 2015 are up 150 percent in the first quarter compared to the first quarter in 2014.
Working with numerous underwriters and bond counsel firms, the PFA has financed various types of public-benefit projects including educational facilities, affordable housing, continuing care, and energy efficiency upgrades. “The PFA’s experience and capabilities in working with various finance professionals, project types, and borrowers throughout the country offers efficiencies in the bond issuance process” said Mike LaPierre, PFA Program Manager. “These efficiencies speak to PFA’s rapid growth within the last 15 months and the PFA is likely to see similar growth in 2015.”