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What Kind of Benefits Can My Organization Get?

What LDC benefits are available?
The LDC offers tax-exempt bond financing to eligible not-for-profit organizations that show a compelling need for assistance in reducing their cost for financing through the consolidation or refinancing of current debt, financing the renovation of existing facilities, and financing the construction of new facilities. All of these benefits are intended to help not-for-profit organizations retain and expand the size of their staffs and to serve their not-for-profit missions.

The benefits are guided by New York State law and require that the organization and the LDC enter into formal legal agreements so that the benefits can be rendered and the outcomes anticipated by the company will be realized.

Recent LDC Projects:

A Major University: Purchase College Foundation Housing Corporation

  • Refinanced existing debt relating to the construction of dorm facilities.

A Major Assisted Living Facility: Kendal on Hudson

  • Refinanced existing debt relating to capital improvements to
    the existing facility.
  • $100,000 annual savings over 30 years.