Yonkers Economic Development Corporation Tax-Exempt Bond Financing
Tax-exempt bond financing for eligible nonprofit, civic, and economic development projects in Yonkers.
About this program
The Yonkers Economic Development Corporation supports qualifying Yonkers projects through financing tools including tax-exempt bond financing. The program can help eligible nonprofit, civic, educational, health, cultural, and economic development projects access lower-cost capital for acquisition, construction, renovation, equipment, and related project costs. Applicants must work with the corporation and its counsel to determine eligibility, structure financing, and satisfy applicable public approval, bond issuance, and compliance requirements.
Eligibility
Eligible nonprofit organizations, civic project sponsors, and qualifying economic development projects located in Yonkers that can use tax-exempt financing for eligible project costs and meet bond financing requirements.
Requirements
- Propose an eligible project located in Yonkers
- Use financing for eligible project costs such as acquisition, construction, renovation, equipment, or related capital costs
- Contact the Yonkers Economic Development Corporation to review eligibility