Affordable financing for projects that build stronger communities.

The Monroeville Finance Authority is committed to empowering local governments and eligible nonprofit organizations by providing access to affordable, tax-exempt financing and other funding solutions. Through strategic financial partnerships, we help support projects that foster economic development, strengthen communities, and enhance the quality of life for residents.

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Why communities work with the Monroeville Finance Authority

The Monroeville Finance Authority (MFA) is a conduit issuer built to make public finance simpler, faster and more transparent for the borrowers and professionals we serve.

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 & 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.

50states where MFA is authorized to issue bonds, from our home base in Monroeville, Pennsylvania

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 MFA are considered conduit debt obligations solely of MFA. No liability for debt repayment is attributed to the local government agency.

A record of investing in community

Since its creation in 2012, the Monroeville Finance Authority has approved six bond issues totaling more than $850 million. Learn how the Monroeville Finance Authority was formed and see every bond issue it has approved.

Read our history

$850M+

in bonds approved since 2012

bond issues approved for UPMC