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.

2020 MEETING CALENDAR

Date Time Location
Tuesday, January 21, 2020
Tuesday, January 28, 2020 (alternate)
7:00 PM Monroeville Municipal Building
Tuesday, April 21, 2020
Tuesday, April 28, 2020 (alternate)
7:00 PM Monroeville Municipal Building
Tuesday, July 21, 2020
Tuesday, July 28, 2020 (alternate)
7:00 PM Monroeville Municipal Building
Tuesday, October 20, 2020
Tuesday, October 27, 2020 (alternate)
7:00 PM Monroeville Municipal Building


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.