Not-for-profit organizations have sought and received tax-exempt bond financing benefits totaling nearly $80 million in the past six months. These benefits are provided at no cost or risk to the taxpayers of Westchester County. Read the official statements for certain of such bond financings.
Depending upon an organization's growth needs, acquisition, construction, reconstruction, equipping and/or furnishing of its facilities, it can receive funding from the proceeds of tax-exempt bonds issued by the LDC.
In accordance with the 2005 Public Authorities Accountability Acts and the 2009 Public Authorities Reform Act, the LDC has adopted adopted by-laws, and annually adopts a Mission Statement with Performance Measure report, and the following policies: