An IFP closing schedule averages approximately four to six months to fully complete, once all project permitting and New York State Environmental Quality Review Act (SEQRA) requirements are completed.
You must complete an Eligibility Review Application that can be downloaded below. You submit four original copies, as well as a non-refundable application fee of $2,500 to EFC.
Steps to Execute a Bond Issuance
- EFC prepares a project application summary and initial credit report and obtains a Volume Cap from NYS Division of Budget.
- EFC's Board of Directors adopts an inducement resolution, which establishes eligible expenses for the IFP financing.
- Applicant completes a SEQRA requirement.
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Do you have a question or need help completing your application to one of EFC’s funding programs or services? Fill out our question form and we'll get back to you.
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