IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. IBank's current programs include the Infrastructure State Revolving Fund (ISRF) Loan Program, Statewide Energy Efficiency Program (SWEEP), 501(c)(3) Revenue Bond Program, Industrial Development Revenue Bond Program, Exempt Facility Revenue Bond Program, Governmental Bond Program and the Small Business Loan Guarantee Program.
CLEEN Center at IBank
IBank has established the California Lending for Energy and Environmental Needs (CLEEN) Center to encourage public and private investments. The CLEEN Center also will utilize IBank’s access to capital markets for clean energy and energy efficiency projects. The CLEEN Center at IBank will help drive energy related projects for State and local governments in California through the Statewide Energy Efficiency Program (SWEEP).
IBank is an integral part of protecting California’s (State) environment and vast natural resources by offering financing that helps achieve the State’s greenhouse gas reduction goals. At the same time, IBank will enhance the quality of life our State is known for by promoting and stimulating economic growth, creating clean energy jobs, protecting and caring for the environment and revitalizing communities.Read more…
Latest News & Announcements
The next IBank Board meeting will be held on Tuesday, June 9, 2015, at 2:00 p.m at the California Infrastructure and Economic Development Bank located at 1325 J Street, 18th Floor, Sacramento, CA 95814. Board Meetings are open to the public.
San Gabriel secures $3.8 million for street repairs. A second major arterial in San Gabriel will be repaved much sooner than intended after officials secured a $3.8 million loan from a state agency to fund the repairs. Obtained from the IBank, the funds will primarily be used to re-do Del Mar Avenue from Mission Road south to the I-10 Freeway. ... Read More