Pooled lease purchase and governmental loan financings are designed to achieve a lower cost of capital money through economies of scale, lower interest rates, and/or lower cost of issuance—with no shared liabilities.
That means that public entities can get and do what they need—all with the benefit of property tax relief.
What programs are available?
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Who can apply for pooled loan and pooled lease financing?
- Municipalities
- School Districts
- Local Authorities
- Fire Districts
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What can these financings be used for?
- Road improvements
- Recreational facilities and equipment
- Computer equipment
- Office furniture
- Vehicles (trucks, fire trucks, school buses)
- Buildings (new construction, rehabilitation)
- Property
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Participants
- Bordentown City
- Bordentown Fire District #2
- Bordentown Township
- Burlington City
- Burlington County
- Chesterfield Township
- Chesterfield Township Fire District #2
- Cinnaminson Township
- Delanco Sewerage Authority
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- Delanco Township Fire District #1
- Delran Township
- Delran Township Fire District #1
- Edgewater Park Township
- Evesham Township
- Fieldsboro Borough
- Florence Township
- Lumberton Township
- Mansfield Township
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- Maple Shade Township
- Medford Township
- Mount Holly Township
- Palmyra Borough
- Pemberton Township
- Riverside Township
- Tabernacle Township
- Willingboro Township
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Results
Provided $382,000,000 in financing for 25 municipalities/fire districts & 5 non-profits (savings of more than $14 million)
- Approved a refunding for the Evergreens (retirement community) in Moorestown, NJ ($43 million bond issue)
- Issued bonds on behalf of Willingboro and the County of Burlington (savings of additional $1 million)
- Lutheran Social Ministries (savings of more than $1 million)
- Tabernacle Baptist Church (savings of more than $1 million)
- Kingsway Learning Center ($2.92 million bond issue)
- DRENK Memorial Guidance Center ($2.7 million bond issue)
For more information or to get involved, contact John Jeffers, Executive Director, (856) 829-1900, jjeffers@bcbridges.org