Program Name: Healthcare 501(c)(3) Bond Program
Organization: Illinois Finance Authority
Address: 160 N. LaSalle St., Suite 100-S

Chicago, IL 60601
Phone: (312) 651-1300
Fax: (312) 651-1350
TDD: (800) 717-6066
Email: sperugini@il-fa.com
Website: www.il-fa.com
Application Deadline:  Finalized application is due no less than two weeks prior to monthly scheduled Board Meeting (second Tuesday) at which the application is to be considered.
Program Start Date:  Ongoing
Program End Date: Ongoing
Application Guidelines:  Information about the Healthcare program can be found on the Authority’s website at  https://www.il-fa.com/programs/healthcare.  Please reach out to the Authority’s Healthcare Team, Sara Perugini, 312.651.1340, sperugini@il-fa.com or Chris Meister, 312.651.1310, cmeister@il-fa.com to inquire about the application process.
Briefly Describe the Purpose of the Program
The purpose of the Healthcare 501(c)(3) Bond Program is to create access for eligible 501(c)(3) facilities to federally tax-exempt bonds issued through public long-term credit markets, bank direct purchases and private placements.  Types of 501(c)(3) facilities eligible for the program include:  hospital systems, medical centers, stand‐alone hospitals, community providers of behavioral healthcare, and continuing care retirement communities located in Illinois.
Year Program Established:  The Authority was established in 2004.
Eligibility Requirements or Restrictions:
Applicants must be 501(c)(3) entities and must comply with the Authority’s statutory requirements, policies and procedures and Bond Handbook requirements.
Funding Cap Per Application or Fiscal Year Program Funding:
Varies.

How Must Funds Be Used:
Funds can be used for eligible purposes which may include, but are not limited to, capital projects (construction/renovation of facilities), equipment acquisition, acquisition of land/buildings) or to refinance existing debt.