City Of Nappanee Participates In Community Funding Resource Program
October 17, 2024 at 5:16 p.m.
INDIANAPOLIS – Treasurer Daniel Elliott announced that the Indiana Bond Bank assisted the city of Nappanee with project financing through its Community Funding Resource (CFR) Program.
The funds will be used for the construction of a fire station, as well as necessary equipment.
“The Community Resource Funding Program gives folks up to 25 years to pay back, with the benefit of Indiana’s strong financial position. It’s got steady payments and helps with new or old projects, so our communities can get the funds they need to get important things done, making life better for everyone,” said Elliott.
The CFR program helps local Indiana governments fund a wide range of essential capital projects. The program offers terms of up to 25 years, does not require a public credit rating, and provides a fixed amortization for the life of the loan. Eligible entities include cities, towns, school corporations, townships, libraries, counties and other local governmental units.
INDIANAPOLIS – Treasurer Daniel Elliott announced that the Indiana Bond Bank assisted the city of Nappanee with project financing through its Community Funding Resource (CFR) Program.
The funds will be used for the construction of a fire station, as well as necessary equipment.
“The Community Resource Funding Program gives folks up to 25 years to pay back, with the benefit of Indiana’s strong financial position. It’s got steady payments and helps with new or old projects, so our communities can get the funds they need to get important things done, making life better for everyone,” said Elliott.
The CFR program helps local Indiana governments fund a wide range of essential capital projects. The program offers terms of up to 25 years, does not require a public credit rating, and provides a fixed amortization for the life of the loan. Eligible entities include cities, towns, school corporations, townships, libraries, counties and other local governmental units.