New Rochelle Corporation for Local Development Financing
Tax-exempt and taxable financing support for eligible nonprofit, civic, and economic development projects in New Rochelle.
About this program
The New Rochelle Corporation for Local Development supports eligible projects through financing tools that can include tax-exempt and taxable bond financing for nonprofit, civic, educational, cultural, health, and other qualifying economic development projects. Financing may support acquisition, construction, renovation, equipment, and related capital project costs. Applicants must work with the corporation and its professional advisors to confirm eligibility, structure financing, receive approvals, and meet ongoing compliance requirements.
Eligibility
Eligible nonprofit organizations, civic project sponsors, and qualifying economic development projects located in New Rochelle that can use bond or similar financing for eligible capital costs.
Requirements
- Propose an eligible project located in New Rochelle
- Use financing for eligible acquisition, construction, renovation, equipment, or related capital project costs
- Contact the New Rochelle Corporation for Local Development to review eligibility