We are authorized to issue both governmental and private activity bonds. These bonds enable us to achieve our mission of alleviating the shortage of affordable housing by generating capital to build or rehabilitate multi-family rental properties.
Our Registered Municipal Advisor and credit underwriter assess all proposed developments and prepares a report analyzing the financial feasibility, the public purpose and other factors. This report is a key part of the decision-making process.
We charge an application fee, a bond financing fee and an annual administration fee for all financings. The Authority employs a Registered Municipal Advisor whose fees are payable by the developer. Download our Guidelines to learn more.
We have issued $158 million of bonds for multi-family rental housing projects and more than $110 million of bonds to finance the construction of dormitories at the University of West Florida. Check out our Portfolio.
ECHFA is under the oversight of a five-member board of citizens appointed by the Escambia County Board of County Commissioners. The Board, which meets monthly to review ECHFA’s progress, shares a passion for providing affordable housing.