Welcome to the Web site for the California Infrastructure and Economic Development Bank (IBank). The purpose of this site is to help you obtain an overview of our programs, and to guide you through the process of obtaining any assistance we can provide.
We are proud to serve the Governor and the State of California as the State's only general purpose financing authority. The mission of the IBank is to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. The IBank has extremely broad statutory powers to issue revenue bonds, make loans and provide credit enhancements for a wide variety of infrastructure and economic development projects and other government purposes. As we approach $34 billion in various financing, we continue to be motivated by the financing challenges faced by infrastructure projects throughout our State.
In addition to reviewing information available here, feel free to contact us by email or telephone with questions particular to your project. Thanks for stopping by and visiting us on the Web!
- The IBank Board is pleased to announce the approval of an $8.4 million loan to the B Street Theater for the contruction of a new downtown theater complex. B Street is the first nonprofit to take advantage of a recent overhaul of the IBank's Infrastructure State Revolving Fund Loan Program lending criteria. To listen to the Insight Capitol Public Radio Interview with Bill Blake, B Street Theater Managing Director, please click here. Find more news on the B Street Theater's loan approval by visiting our newsroom.
- 1/16/2014 4:09:00 PM
'BIG THREE' CREDIT AGENCIES UPGRADE IBANK CREDIT RATING: Executive Director of the California Infrastructure and Economic Development Bank (IBank) Teveia Barnes today announced that the ‘Big Three’ credit rating agencies – Standard and Poor’s (S&P), Fitch and Moody’s – have all awarded top ratings to the IBank’s approximately $97 million series 2014A infrastructure state revolving fund (ISRF) bonds, which are expected to be sold next week. The IBank’s ISRF Program provides loans to finance a wide range of infrastructure and economic expansion projects to local governments and other eligible borrowers. ...Read More
CALIFORNIA FINANCING COORDINATING COMMITTEE (CFCC) EVENT OFFERS ONE-STOP INFORMATION SOURCE FOR LOCAL GOVERNMENTS. The State Water Resources Control Board, along with six partner agencies, will host a CFCC Funding Fair in Sacramento on May 28th. The fair, which will take place in the Coastal Room of the Cal/EPA building, 1001 I Street in Sacramento, will offer public works and local government representatives the opportunity to learn about current available funding for infrastructure projects.
The next IBank Board meeting is scheduled for Tuesday, August 19, 2014, at 2:00 p.m. Board meetings are typically held in the Conference Center located at 980 9th Street, 2nd Floor, Rooms A, B & C, Sacramento, CA.
The IBank is proud to announce that Diane Cummings has been appointed Chief Credit Officer. Cummings will be responsible for managing all credit underwriting and servicing activities of the Infrastructure State Revolving Fund Program, the Bond Unit Program, the Small Business Loan Guarantee Program and any and all new IBank programs that have a credit component.
The IBank has revised its Criteria, Priorities and Guidelines for loans made under its Infrastructure State Revolving Fund Program (“ISRF Program”). The revised version of the ISRF Program Criteria, Priorities and Guidelines (“ISRF Criteria”) can be obtained by clicking here. And the interest rate setting methodology can be accessed here.
The IBank's offices have moved. Please note our new address: 1325 J Street, 18th Floor, Sacramento, CA 95814. All e-mail addresses, telephone numbers, and fax numbers will remain the same.