We are a Friendly Borrower
The BVPA is considered a “friendly borrower” and may receive favorable terms for difficult to accomplish structures or incentive-driven transactions.
Combining all available funding sources such as the grants and loans, private market funds, and financial assistance from other port authorities as appropriate are drawn upon to provide the borrower with the lowest cost of financing.
PACE
In addition, the BVPA can assist organizations wishing to install energy efficiency improvements and finance the improvements through Property Assessed Clean Energy Bonds (PACE) backed by assessments against the property. The energy efficiency improvements could include roofs, heating and cooling systems, building insulation, energy efficient windows, interior and exterior lighting, solar or wind or geothermal projects which cost at least $250,000.
Property Assessed Clean Energy (PACE) projects which can provide 100% of all costs associated with energy efficiency improvements.
Tax Increment Financing
Tax Increment Financing (TIF) is a way for communities to spur private investment and development. With TIF, the community is able to capture the increase in tax revenue generated by the private development itself. Then, the community can use those very same tax revenues to pay back the private investors that footed the initial bill for the public improvements required to make the new private development a success.
Benefits:
Combining all available funding sources such as the grants and loans, private market funds, and financial assistance from other port authorities as appropriate are drawn upon to provide the borrower with the lowest cost of financing.
PACE
In addition, the BVPA can assist organizations wishing to install energy efficiency improvements and finance the improvements through Property Assessed Clean Energy Bonds (PACE) backed by assessments against the property. The energy efficiency improvements could include roofs, heating and cooling systems, building insulation, energy efficient windows, interior and exterior lighting, solar or wind or geothermal projects which cost at least $250,000.
Property Assessed Clean Energy (PACE) projects which can provide 100% of all costs associated with energy efficiency improvements.
Tax Increment Financing
Tax Increment Financing (TIF) is a way for communities to spur private investment and development. With TIF, the community is able to capture the increase in tax revenue generated by the private development itself. Then, the community can use those very same tax revenues to pay back the private investors that footed the initial bill for the public improvements required to make the new private development a success.
Benefits:
- Access to Capital Markets
- Tax-Exempt Financing
- Long-Term Financing
