Economic Development

The Iowa Finance Authority (IFA) issues tax-exempt bonds for a wide range of projects. These have included expanding and improving health care services, industrial development and housing. Since 1982, IFA has issued over $5 billion in economic development bonds. 

Through its Economic Development Revenue Bond Program, IFA issues tax-exempt bonds on behalf of private entities or organizations for eligible purposes. The responsibility for repayment of the bonds rests with the applicant. Neither IFA nor the State of Iowa has any liability to repay the debt. IFA does not buy the bonds or sell the bonds. Applicants are responsible for finding an entity to purchase the bonds. Learn more here.