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Programs   

 

Bond Issues
Bond issues, both tax-exempt and taxable, are the primary types of COHFA financings.  Such bonds can be publicly sold or privately placed, rated or unrated, credit enhanced or not, bear interest at fixed or variable interest rates, and have a maturity of not greater than forty years.

 

Tax-Exempt Leases
COHFA has a tax-exempt leasing program primarily, but not exclusively, for equipment.  COHFA works with the lessors and vendors of the borrower’s choosing.  While typically structured as capital leases, they can also be structured as operating leases under certain circumstances.  These leases have a lower fee schedule than bond issues.

 

Pooled Financings
Though less frequently issued than other obligations, COHFA has completed pooled or composite financings for a variety of borrowers.