QUICK FINANCING PROGRAM FACTS
- The Financing Program has issued more than $4.3 billion in loans since 1987.
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More than 680 clean water, drinking water, land acquisition, brownfields remediation and landfill cleanup projects have been funded.
- Taxpayers and ratepayers have saved nearly $2 billion in finance costs.
- Over the past 21 years, the Trust has saved municipalities more than $91 million in refinanced loans by refunding 30 different bond issues.
- Current finance program loan rates are as low as 1.06%.
- The program's average loan amount is $10 million.
- Last year's Financing Program was a record $520 million.
- The Trust does not issue State of New Jersey backed bonds. We borrow funds on behalf of our clients by issuing our own NJEIT bonds.
- The Trust's bonds are rated a natural AAA by all three ratings agencies.
- $1 million invested in infrastructure projects = 40 jobs. Last year's program created more than 20,000 short and long-term, high paying jobs in New Jersey.
- Zero-percent interim loans are available for up to $10 million.
- The annual debt service on a 20-year, half-market rate Trust loan is lower than a 30-year traditional market-rate loan.
- The Financing Program has issued more than $83 million in loans to preserve 2,939 acres of open space.
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New Jersey Environmental Infrastructure Trust
Location: 3131 Princeton Pike, Bldg. 6, Suite 201
Lawrenceville, NJ 08648
Copyright © 2009 NJEIT |
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» Mail: PO Box 440, Trenton, NJ 08625
» Phone: (609) 219-8600 » Fax: (609) 219-8620
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Last Update:
January 28, 2010 |
