Our Mission
MFA's mission is to provide local governments and eligible nonprofit entities access to low-cost, tax-exempt and other financing for projects that contribute to social and economic growth and improve the overall quality of life in communities throughout the country.
2022 MEETING CALENDAR
All Meetings are 7 PM in the Monroeville Municipal building and all are on Tuesday| Date | Time | Location |
|---|---|---|
| Tuesday, January 16, 2024 Tuesday, January 23, 2024 (alternate) |
7:00 PM | Monroeville Municipal Building |
| Tuesday, April 16, 2024 Tuesday, April 23, 2024 (alternate) |
7:00 PM | Monroeville Municipal Building |
| Tuesday, July 16, 2024 Tuesday, July 23, 2024 (alternate) |
7:00 PM | Monroeville Municipal Building |
| Tuesday, October 15, 2024 Tuesday, October 23, 2024 (alternate) |
7:00 PM | Monroeville Municipal Building |
Resource
MFA works directly with cities and counties to accelerate economic development with financing programs, including those available through the American Recovery and Reinvestment Act (ARRA).
Accountable and Transparent
MFA’s governance structure and local government oversight and approval requirement for each financing ensure accountability and transparency.
Responsive
MFA works effectively and efficiently with each borrower’s finance team to satisfy the requirements of the government approval process, including local TEFRA approval.
Flexible
MFA does not have established lists of preferred finance professionals and will consider all requests to work with pre-assembled finance teams.
Opportunity
MFA, its Sponsors and Founding Members engage in marketing and awareness activities to local businesses throughout the country creating additional opportunities for finance professionals to bring financing to the market.
Cost Effective
MFA is authorized to issue bonds in all 50 states providing economies of scale for multi-jurisdictional projects. Additionally, the use of tax-exempt bonds to finance a project significantly reduces the borrower’s costs in the form of a lower interest rate.
- Streamlined, cost-effective bond financing for a wide range of projects in all 50 states.
- Ability to leverage economies-of-scale by using a single conduit issuer for borrowers financing facilities in multiple jurisdictions.
- Ability to work effectively and efficiently with each borrower and its finance and legal teams to satisfy the governmental approval process, including local TEFRA approval, and securing MFA approval.
- Increases opportunity for institutional borrowers to access the municipal bond market by providing technical assistance to local governments that may otherwise be unable to issue conduit bonds due to limited resources or a lack of familiarity with the process.
- A recognized national conduit issuer identity in the bond marketplace.
- All bonds issued by PFA are considered conduit debt obligations solely of MFA. No liability for debt repayment is attributed to the local government agency.