Financings
MFFA Continues Its Vital Role in Advancing Montana's Crucial Health Care Industry
2016 Financings can be found in our Authority Review 2016
2015 Financings can be found in our Authority Review 2015
2014 Financings can be found in our Authority Review 2014
2013 Financings can be found in our Authority Review 2013
2012 Financings can be found in our Authority Review 2012Authority Review 2012Authority Review 2012
MFFA CONTINUES TO PROVIDE ACCESS FOR MONTANA'S HEALTHCARE PROVIDERS
The Montana Facility Finance Authority (MFFA) is pleased to report, despite political and market uncertainty, another year of improving access to healthcare across Montana. Refinancings were a major part of our work in 2016 which, along with new tax-exempt bond issuances, saved our clients millions of dollars over the next several years. We also saw an increase in volume for our Direct Loan and Trust Fund Loan programs which provide low-cost capital for smaller projects. We are proud to provide this essential service without spending a single tax dollar.
Milestones and achievements in 2016 included:
- Issuing $269 million in tax-exempt bonds (seven bond issues/eight series), over $1 million in direct loans (six loans) and $1.5 million in Trust Fund loans (three loans) raising our total financings structured since 1983 to over $2.8 billion.
- Saving our Montana providers approximately $26.7 million over the life of the bonds by refunding their existing bonds.
With tax reform on the horizon, the MFFA will work to preserve tax-exempt bonds so this valuable tool remains available for our clients and the communities they serve. We will monitor state and national economic conditions and be ready to respond.
Our continued thanks go to our dedicated and forward-looking Board of Directors, our professional staff, borrowers, financial institutions, and associates.
Jon Marchi
Chairman of the Board
Michelle Barstad
Executive Director