Executive Director's Message |
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Right around the time our world began to return to mostly normal, RIHEBC moved its offices to 33 Broad Street. Relocation trials and tribulations notwithstanding, it is a lovely new space and I look forward to showing it off to board members and guests. Looking back on pre-pandemic board meetings, we always had a great crowd. As you know, I like to refer to this crowd as the peanut gallery and, boy, do I look forward to seeing the peanut gallery again.
That said, many of us are still understandably cautious about in-person gatherings. So, we are configuring our new board room to enable hybrid meetings. All are welcome to attend in person, but you will also have the option to attend via video-conferencing. It will be a hard-fought battle between our collective Zoom fatigue, our desire to see each other, and the unquestionable convenience of doing a Zoom meeting in the comfort of your own home or office.
On another note, if you are not already aware, we continue to be in a historically low interest rate environment. I would be happy to have my financial advisory team take a look at your debt to see if there is an opportunity to secure debt service savings. Some budgets continue to be challenged by pandemic-related expenses, so now could be a very good time for some budgetary relief from lower debt payments. Please give me a call.
Finally, the RIHEBC board voted to approve a grant program in fiscal year 2022 and delegated to me the task of determining where the need for grant funds is greatest. Please be on the look-out for a survey to help me with this determination.
Hope to see you soon.
--Kim Mooers
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2020 Project Grant Winners |
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We are pleased to announce the winners of RIHEBC's 2020 Project Grants. The goal of the program was to assist eligible institutions in completing capital projects or making equipment purchases that are critical to advancing their mission. We received 49 applications totaling $4.2 million against an approved program size of $500,000.
Comprehensive Community Action Program- $100,000 Expansion of Cranston dental center by adding three dental operatories to current array of five, allowing for eight treatment rooms.
The Groden Network- $6,949 6-20Kw generator sets for 6 group homes and facilities
Pawtucket School Department- $99,077 New food service equipment to accommodate expected increase at the "Swing Space".
Rhode Island Nurses Institute Middle College- $92,650 Expansion/renovation of building to accommodate increased enrollment/demand.
Scandinavian Communities Rehabilitation and Skilled Nursing Facility- $9,041 Modernize elevator at the rehabilitation and Skilled Nursing Facility.
TAPA: Trinity Academy for the Performing Arts- $65,000 Build-out of a black box theater.
Thrive Behavioral Health, Inc.- $94,229 Develop unused space at 2756 Post Road, Warwick into five therapeutic session offices and three group rooms.
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RIHEBC is a member of the National Association of Health and Educational Facilities Finance Authorities. NAHEFFA’s mission is to support access to readily available, low-cost capital financing options for nonprofit and governmental health and educational institutions.
Kim is the Chair of the Conference Planning Committee, as well as a newly appointed member of the NAHEFFA Board.
After holding two successful virtual conferences in the Fall of 2020 and Spring of 2021, NAHEFFA's Fall 2021 conference will be fully in person in the great state of Wisconsin. We on the conference planning committee are still building the content and inviting panelists, but we expect it to be a fantastic agenda. All are welcome to attend.
For additional information and to register: click here .
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$15,955,000
Public Schools Revenue Bond Financing Program, Blackstone Valley Prep Mayoral Academy Issue, Series 2021A and 2021B
March 5, 2021
Refinancing existing debt and to purchase real estate.
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$12,840,000
Public Schools Revenue Bond Financing Program, Town of North Kingstown Issue, Series 2021A & 2021B
March 23, 2021
Various school improvement projects and a taxable advance refunding of Series 2013A.
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$17,920,000
Public Schools Revenue Refunding Bonds, City of Newport Issue, Series 2021C
May 12, 2021
Taxable advance refunding of Series 2013C.
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$100,690,000
Public Schools Revenue Bond Financing Program, City of Providence Issue, Series 2021D
May 27, 2021
The first phase of the City's approved school improvement plan for fiscal years 2019-2024.
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$44,850,000
Higher Education Facility Revenue Bonds, Providence College Issue, Series 2021A and 2021B.
Series 2021A
June 9, 2021
Various campus improvement projects.
Series 2021 B
August 3, 2021
Forward refunding of Series 2012 Bonds.
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$124,470,000
Public Schools Revenue Bonds, City of East Providence Issue, Series 2021F
June 16, 2021
Construction, furnishing and equipping of a new high school facility.
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$11,205,000
Public Schools Revenue Bond Financing Program, Town of Westerly, Series 2021E
June 22, 2021
Current refunding of the Town's 2011A and 2011C bonds and school facilities improvements.
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RIHEBC moved offices on May 27, 2021 to: |
33 Broad Street, Suite 200
Providence, RI 02903
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Our phone number remains the same:
401-831-3770
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