roviding cost efficiency and financing expertise, ABAG offers a full range of programs to public and private borrowers in the municipal capital markets. Financings issued by ABAG include: conduit revenue bonds, general municipal credit obligations, tax increment bonds, Mello-Roos and Special Assessment Bonds, general capital financing, and low-cost alternatives to vendor financing. Borrowers include cities, counties, special districts and other local government entities, hospitals, private universities, private schools, nonprofit housing and healthcare organizations, housing developers and private businesses.

ABAG Finance Authority

The ABAG Finance Authority (the "Authority") is a Joint Powers Agency formed to help eligible nonprofits and other borrowers to gain access to tax-exempt debt financing. The Authority simplifies the debt issuance process for both the borrower and the jurisdiction in which the borrower is located by issuing conduit tax-exempt bonds or certificates of participation to finance projects with demonstrated public benefit. The Authority has financed projects on behalf of:

• hospitals;
• health care clinics;
• retirement facilities;
• nonprofit housing developers;
• multifamily housing partnerships;
• private schools;
• behavioral health care agencies;
• substance abuse facilities; and
• community service organizations.

ABAG Multifamily Housing Finance Program

Under the ABAG Finance Authority, the housing finance program provides tax-exempt financing for the acquisition, construction and rehabilitation of multifamily and senior housing to California 501 (c)(3) nonprofit housing developers, partnerships and others with public benefit projects. Consistent with ABAG's long standing commitment to policy supporting affordable housing, the primary goals for this program are to provide low-cost efficient financing for both small and large developments.

ABAG Credit Pooling Program

The ABAG Credit Pooling Program consolidates the capital funding needs of participating municipal borrowers. These financings are backed by general fund credits of participating jurisdictions, for projects such as construction and renovation of public buildings; acquisition and construction of parking facilities; purchase and installation of computer systems; improvements to recreational trails, parks and municipal golf courses; water, sewer and drain projects; purchase and installation of modular buildings; and renovations of school buildings. The program has been offered by ABAG since the early 1980's, providing low cost, highly efficient project funding for a wide range of municipal borrowers.

ABAG Leasing

ABAG Leasing is an ABAG Finance Corporation program offering quick and efficient privately placed financing to ABAG members and other borrowers for equipment acquisition and refinancing at low, competitively bid, tax-exempt lease rates. This program offers competitive bidding of lease rates, standardized documentation developed in the borrower's best interest, and a flexible economical source for funding smaller projects and equipment.

ABAG Redevelopment Agency Pool Financing Program (Cal-RAP)

Cal-RAP is a unique program allowing Community Development and Redevelopment Agencies to obtain financing at low interest rates through pooling. This is achieved with the help of bond insurance, available because the variety of agencies participating in the program strengthens the bonds' credit attributes. Participants can use their own Financial Advisor, Bond Counsel, and Trustee while taking advantage of the program. Participation in Cal-RAP is "as needed" allowing agencies to join the existing open-ended pool at any time.

ABAG Special Assessment Bond Roundup Program (SABR)

The SABR Program offers an efficient and inexpensive way for local government agencies and developers working with those agencies to issue special assessment and Mello-Roos bonds. SABR pools lower the cost of issuance for participants while allowing for customized terms and conditions. In special situations, ABAG also offers to conduct proceedings for special district formation in full compliance with Prop. 218 requirements.

ABAG Water Pool Program

ABAG has developed a bond pool specifically for California water and wastewater agencies (cities and special districts). The Pool provides a highly efficient means of funding projects and offers the advantages of reduced borrowing costs, standardized documentation, and inexpensive credit enhancement.