Association of Bay Area Governments
375 Beale Street, Suite 800
San Francisco, CA 94105
Phone: (415) 820-7955
Finance Authority for Nonprofit Corporations (FAN)
ABAG Finance Authority has provided conduit financing to various public and private organizations throughout the State of California since 1978. Its programs provide convenient, cost saving, and secure means to meet the capital financing needs of public agencies and their nonprofit partners serving the public interest.
ABAG Finance Authority — Key Benefits
- Low-cost for conduit-financing services
- Operates under strict accounting and administrative controls
- Staffed by experienced industry professionals
- On-line application process.
To date, the Finance Authority has provided more than $8 billion in low cost investment capital for projects in more than 240 jurisdictions from around the State. The Finance Authority helps ABAG members to provide for construction of affordable, multi-family housing; new hospitals and medical clinics; transit systems; schools; non-profit cultural institutions; water and wastewater systems; and other local member-owned infrastructure projects.
Focus on Affordable Housing
The Finance Authority has a long history in assisting in the construction and preservation of affordable housing, providing financing to date for nearly 12,000 units in nearly 100 affordable apartment communities. A core part of ABAG's mission is to support regional housing policy and assist local governments with housing issues. The ABAG Finance Authority directly funds affordable housing projects, helping to meet urgent housing needs.
Smaller borrowing needs are supported through the tax-exempt lease program and pooled financing for Water and Wastewater projects.
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