Pool Loans make it cost effective for most borrowers that need to borrow as little as $600,000 to issue bonds. MHHEFA groups several loans of varying amounts together into a single bond issue, where bond issuance costs are shared by all participants. The Moody's rating of Aa2 and Fitch Rating of AA for the Pool Loan Program resulting in lower cost of issuance as well as ongoing interest expenses. 

Financing can include up to 100% of the project costs, including land acquisition (as part of the proposed project), construction, renovation and remodeling, architectural fees, legal fees, bond issuance expenses, Authority fees, and any surveys or studies performed

All proposed bond issues must be reviewed and approved by MHHEFA’s Board of Directors.

The borrowing institution’s financial and management information must be presented to the rating agencies. (Moody’s and Fitch) The ratings issued by these agencies have a material affect on the marketing of the bonds to potential investors.

MHHEFA staff assist eligible borrowers by reviewing the organization’s current and projected financing needs and help the borrower determine the best approach to funding a capital project. This financial advisory service is available to all eligible borrowers even if the Authority is not the ultimate issuer of the financing.