The RMF program provides local government units with an alternative financing tool for infrastructure and other related capital projects. The RMF program is for cities, towns, school corporations, townships, libraries, counties and other local governmental units that have received a financial commitment from the Regional Economic Acceleration & Development Initiative (READI).

The RMF program was designed for public projects including but not limited to construction of public building (e.g. fire station, police station, city/town hall), equipment purchase, public facility addition/rehabilitation, gap financing and more.

The RMF is a loan that is paid back in full.

Entities can borrow against property taxes, utility revenues, income taxes, TIF and other revenue sources. Please contact your Municipal Advisor to structure the financing that works best for your entity.

Funds are available on approval of application, which are accepted on a rolling-ongoing basis.

The Bond Bank can finance your project for up to 10 years through RMF.

Yes. The maximum borrowing amount is $1 Million.

Included in your RMF packet are step by step instructions for participation, including completing a credit application and receiving local approvals. A Municipal Adviser can assist you with those items. The Bond Bank is also happy to provide assistance as well.

Yes, please contact the Bond Bank if you do not have a Municipal Advisor. The Municipal Advisor will guide you through the process of receiving funding through the RMF program.

Yes. Please contact the Bond Bank if you do not have Bond Counsel. Bond Counsel will provide the legal documents for your governing body to adopt in order to participate in the RMF program.