Emergency-related state tax relief available for taxpayers located in four southwest Michigan Counties impacted by May 2024 storms.
Learn About Disaster Relief
Finance Programs
Finance Programs
Clean Water State Revolving Fund & Drinking Water State Revolving Fund Programs
The Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF) programs provide low cost financing for municipal wastewater facilities and drinking water projects, respectively.
Public borrowers, school districts and private water suppliers are eligible to participate in the DWSRF program.
Bureau of State and Authority Finance
Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922
Phone: 517-335-0994
Fax: 517-241-9509
www.michigan.gov/bondfinance
Treas_BondFinance@michigan.gov
Local Government Loan Program (LGLP)
Provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program. All Michigan units of local government and public entities are eligible to apply.
Strategic Water Quality Initiatives Fund
Providing municipalities with access to financing for the construction of needed water pollution control projects.
Healthcare Programs
Provides access to effective, low-cost capital financing to providers of health care services that participate in any phase of the continuum of health care, in order to finance or refinance healthcare projects.
Higher Education Project Finance
Provides higher education with effective, low-cost options to finance or refinance their facilities.
Higher Education Student Loan Programs
The Michigan Finance Authority is authorized to provide both federally guaranteed and private loans for students and parents of students pursuing post-secondary education. MFA is the successor, per Executive Order 2010-2, to both the Michigan Higher Education Student Loan Authority (MHESLA) and the Michigan Higher Education Assistance Authority (MHEAA).
K-12 School Programs
State Aid Note Program (SAN)
A streamlined loan program to finance short-term operational cash flow needs for traditional public schools. Michigan Finance Authority ("MFA") facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs of borrowing.
Public School Academy State Aid Note (PSA SAN)
Offers a streamlined loan programs to finance short-term operational cash flow needs for public school academies. MFA facilitates the process by pooling the loans, soliciting bids and obtaining the highest possible short-term rating, resulting in competitive interest rates and typically lower costs for the schools.
Private/Non-Profit School Project Finance
Provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program.
Public School Academy Project Finance
Provides public school academies (PSAs) with effective, low-cost, facilities finance options to finance or refinance the acquisition, construction, improvement or alteration of land, facilities, equipment, machinery, parking, the payment of project costs, or to refinance existing debt.
School Bond Qualification and Loan Program (SBQLP)
Qualified bonds provide school districts access to the State's credit rating, which will usually result in a lower interest rate and cost, and the ability to borrow for the principal and interest requirements on outstanding qualified bonds (subject to a minimum debt millage).
School Bond Qualification and Loan Program (SBQLP)
Local Government Loan Program (LGLP)
Provides competitive interest rates for 3 to 30 year loans. Typically, tax-exempt bonds or installment purchase contracts are issued under this program. All Michigan units of local government and public entities are eligible to apply.