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OREGON FACILITIES AUTHORITY (OFA) 



About the Oregon Facilities Authority 

The Oregon Facilities Authority is the Oregon state agency that helps nonprofit organizations access low-cost financing for capital projects through the issuance of tax exempt conduit revenue bonds.

OFA was created by the Oregon Legislature in 1989. Since inception, it has issued more than $3.7 billion in bonds.

Interest on these bonds is exempt from federal income tax and state personal income tax. As a result, qualified organizations can achieve lower borrowing costs by partnering with OFA to finance their capital projects.

 

Ap​plication Process 

A borrower interested in issuing through OFA — whether in the traditional or SNAP program — should contact the Executive Director to discuss the project. A borrower makes an application to OFA (applications forms are on the website), and appears at the next monthly OFA meeting for preliminary approval. If the application receives preliminary approval, the borrower works with OFA and others to prepare the transaction for closing. When the bond documents are substantially complete, the borrower again appears at the OFA meeting for final approval. Final approval means that OFA recommends the transaction to the Office of the State Treasurer, which works with the borrower to close the transaction. 

Traditional Bond Program SNAP Loan Program
Traditional Closing Fee Schedule   SNAP Loan Application  
Traditional Application (coming soon)  SNAP Loan Application​
Traditional List of Bond Counsel   SNAP Loan Fee Schedule


 

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Post Issu​anc​e C​ompliance​    


Post Issuance Compliance Documents
  OFA's Post Issuance Compliance Procedure  
  Suggested Post Issuance Compliance Procedure for Borrower  
  IRS Information of Post Issuance Compliance 
 IRS Primer: Monitoring Post Issuance Compliance  
 SEC Investor Bulletin: New Rules Improving Municipal Disclosure 
 Post Issuance Compliance Webinar


Meetings 

2017 Meeting & Application Schedule  

June 22         Informational Session​  
June 12         Meeting Notice    Agenda Book      
May 8            Minutes​  ​   
April 10          Minutes​  ​  
March 13       Minutes  ​    
Feb 22           Informational Session​  
Feb 13           Cancellation Notice  
Jan 9             Minutes​  
Dec 12          Minutes​​  
Nov 16          Informational Session  
Nov 14          Cancellation Notice  
Oct 14           Minutes​  
Sept 20         Minutes   
Sept 12         Minutes  
August 8       Cancellation Notice​  
July 11          Minutes​      ​  ​

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Other Useful Links 

The Oregon Facilities Authority ("OFA" or "Authority") is affiliated with the national organization: The National Association of Health and Educational Finance Authorities.
For more information on this organization, as well as access to its most current quarterly newsletter, NAHEFFA: www.naheffa.com

Other Organizations

 

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