Butler Snow attorney, [professional id=”2546″], will be a featured speaker during the Council of Development Finance Agencies (CDFA) webinar regarding the financing of Brownfield projects with Private Activity Bonds (PABs). The webinar, which will take place from 2:00 pm – 3:30 pm EST on Thursday, March 9, is free and you can register here.
If you’re a private entity that wants access to capital markets or a community working with a developer who needs financing to get a Brownfield project started, the PABs may be a development finance tool available to you. When a PAB is “qualified,” the interest on the bonds is exempt from federal income taxes, providing the borrower with lower-cost capital than would be available through taxable bonds or traditional bank loans.