Stand Alone Bond Issues are available for borrowers should circumstances exist that would preclude a Pool loan. Stand Alone Bond Issues are issued solely on the credit strength of the individual borrower. 

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, Standard & Poors 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.