The Illinois Finance Authority (“IFA”) is a nationally recognized conduit issuer in the tax‑exempt financing market and the commercial property assessed clean energy financing market. IFA issues tax-exempt qualified private activity bonds and property assessed clean energy bonds or notes to facilitate the funding of eligible projects by borrowers that create long-term economic value in communities throughout 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.
