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   
 


MONTANA FACILITY FINANCE AUTHORITY | MONTANA DEPARTMENT OF COMMERCE
2401 COLONIAL DR. 3rd Floor | PO BOX 200506 | HELENA, MT 59620-0506 | P: (406) 444-0052 | F: (406) 444-0019 | TDD: (406) 841-2702