IFA Announcements
Stay informed with important announcements, upcoming meetings, employment opportunities, operational updates, and other news.
Monthly Board Meeting Information
Next Board meeting is scheduled for the following date:
Tuesday, July 14, 2026
9:30 AM
Public Comment Rules for Board Meetings
Rules for registering and delivering public comments at Board meetings.
Financing Economic Development with a Climate and Sustainability Focus
The Illinois Finance Authority is a nationally recognized issuer in the tax‑exempt municipal securities market. IFA issues tax-exempt private activity bonds to facilitate the funding of eligible projects by borrowers that create long-term economic value in communities across Illinois.
IFA also issues tax-exempt bonds on behalf of the Illinois Environmental Protection Agency’s State Revolving Fund Programs, and pursuant to the Climate and Equitable Jobs Act of 2021, IFA is designated as the Climate Bank of the State. IFA does not issue State tax-supported bonds to finance sports facilities, but such commercial real property may qualify for commercial property assessed clean energy financing by IFA.
IFA has no taxing power.
Financing Programs & Services
The Illinois Finance Authority offers a variety of services that help institutions, communities, and individuals access affordable capital.
Private Activity Bonds
IFA provides 501(c)(3) organizations and other conduit borrowers with tax-exempt bond financing to fund or refinance qualified purposes.
Private Activity Bonds (Farmers)
IFA provides first-time farmers with tax-exempt bond financing to fund their initial purchase of farmland in Illinois.
Commercial PACE Bonds
IFA provides property owners and developers with Commercial PACE financing to fund or refinance energy efficiency, water use, and other permanently affixed improvements to commercial real estate (including new construction) in Illinois.
Clean Water Initiative SRF Bonds
IFA provides the Illinois Environmental Protection Agency’s low-interest revolving loan programs with tax-exempt bond financing to fund drinking water, wastewater, and sanitation infrastructure projects of local governments in Illinois.
Climate Bank Programs
The Illinois Climate Bank leverages state and federal funds to provide clean energy financing and incentives that help Illinois residents, businesses, communities, and nonprofits adopt equitable clean energy and climate solutions.
