Latest News
IFA appoints John Filan Executive Director
Governor Rod R. Blagojevich announced that John B. Filan will serve as the new Executive Director of the Illinois Finance Authority.
Read press release.
IFA Staff Updates
At its December 2008 meeting, the IFA Board named Christopher B. Meister to General Counsel and Deputy Director, and J. Stuart Boldry, Jr. to Chief Operating Officer and Treasurer.
IFA also welcomes new staff members Beverly Womack, Executive Assistant to John Filan, and Kara Nystrom-Boulahanis, Project Coordinator and Assistant Secretary.
Federal Home Loan Bank Letter of Credit Provision – A Positive for Access to Capital
With the recent passage of the Housing Relief Bill, a new provision will enable Federal Home Loan Bank member banks to obtain Letters of Credit to support certain tax-exempt bond issues. Local, community-based member banks will have an additional resource for obtaining highly rated credit enhancement to support tax-exempt bond issues, particularly for non-rated borrowers.
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Ag Lender of the Year
Brian Bohnhoff, Vice President, Peoples State Bank, Newton, was named Outstanding Ag Lender by the Illinois Finance Authority (IFA) in its third annual program to honor excellence in agricultural lending.
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1985 Pooled Funds Available for Reimbursement of Capital Expenditures for Rated Hospitals
IFA can provide qualified Illinois Hospitals with access to capital financing at a low borrowing cost. The 1985 Revolving Fund Pooled Financing Program has approximately $40 million available for reimbursement of capital expenditures.
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Investing Bond Proceeds
IFA partners with PFM to offer this comprehensive investment management and arbitrage rebate compliance program... read more
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Upcoming Events
IFA Funding Managers participate in a variety of educational events.
Click here for more details and registration information.
Meet your IFA Team
IFA staff offers extensive expertise in market segments and financing structures. They help identify critical market needs and assist with client projects where affordable access to capital makes the difference in financial feasibility.
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IFA was created…
... by consolidating services previously provided by these authorities.
• Illinois Development Finance Authority
• Illinois Farm Development Authority
• Illinois Health Facilities Authority
• Illinois Educational Facilities Authority
• Illinois Rural Bond Bank
• Illinois Community Development Finance Corporation
• Illinois Research Park Authority
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