What LDC benefits are available?
The LDC offers tax-exempt bond financing to eligible not-for-profit organizations that show a compelling need for assistance in reducing their cost for financing through the consolidation or refinancing of current debt, financing the renovation of existing facilities or financing the construction of new facilities. All of these benefits are intended to help not-for-profit organizations serve their missions.
The benefits are governed by New York State law and require that the organization and the LDC enter into formal legal agreements.
Recent LDC Projects:
A Major University: Purchase College Foundation Housing Corporation
- Refinanced existing debt relating to the construction of dorm facilities.
A Major Assisted Living Facility: Kendal on Hudson
- Refinanced existing debt relating to capital improvements to
the existing facility.
- $100,000 annual savings over 30 years.
A Major Health Care Facility: Westchester County Health Care Corporation
- Financed a $300 million expansion and update of facilities.