RIHEBC Third Quarter 2020 Newsletter.

Executive Director's Message

Hello, RIHEBC Community.

As this newsletter reaches you, I hope you and your families, friends and colleagues are healthy and optimistic for the future. It is hard to believe we are entering the final months of this surreal year. With all that remains in the last quarter of 2020, we continue to be in for a very bumpy ride. Best to keep calm and carry on. Indeed, I believe that is all most of us can do: carry on; keep our focus on things we can control and try to have a positive impact on those people and organizations in our immediate sphere. To that end, the RIHEBC team is working to help our constituents through these challenging times. But because the pandemic is still ongoing, the full financial impact remains to be seen.

Keep calm and carry on. In case you missed prior announcements, we have implemented an emergency loan program to help cash-strapped borrowers. We have also updated and improved upon an old program that provides quicker, easier, cheaper access to tax-exempt capital. You can read more about both of these programs if you scroll down within this newsletter. In addition, we are formulating a grant program for COVID-impacted entities. If approved by the Board, it will be rolled out before the end of the year.

Finally, looking to last year’s third quarter newsletter, I was excited about RIHEBC’s first ever borrower conference. This year, lacking the ability to hold the second annual borrower conference, I am excited to announce a virtual conference that I have helped orchestrate. It is free to RIHEBC’s borrowers, past and present. Please scroll down for that information as well.

And keep calm and carry on.

Kim Mooers

Meet Our New Executive Assistant

Team RIHEBC is excited to have a new teammate! Brooke McDonald started in August of 2020 as Executive Assistant and will be working a hybrid in-office and at-home work schedule.

You can read more about Brooke at our website here:

https://rihebc.com/about-us/corporation-staff/

NAHEFFA Conference

You may or may not know that 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.

Traditionally, NAHEFFA held a Fall and a Spring Conference in the home states of one of its members. In our COVID-changed world, we are holding our very first Virtual Conference on October 28 and 29, 2020.

All are welcome to register but in particular, we would love our BORROWERS, past and present, to take advantage of FREE registration.

When you register as a borrower, check the box indicating you are a guest of a NAHEFFA member, and fill in RIHEBC as the member host.

Conference content will be available both live on the scheduled dates and recorded for 30 days following the event.

It is a fantastic agenda.

For Agenda: click here For Registration: click here

RIHEBC has two new programs available to our borrowers: Equipment Loans and Emergency Loans.

Equipment loans offer faster, easier and cheaper access to the tax-exempt capital markets than bond issues for financing shorter-lived assets.

Emergency loans offer relief to borrowers who may be experiencing cash flow difficulties at this challenging time.

Read more about these new programs here:

Equipment Loan: click here

Emergency Loan: click here

Year To Date 2020 Bond Issues

City of Warwick

August 4, 2020 - City of Warwick, Series 2020C Bonds: $6,400,000. Finance various improvements, renovations, repairs, alterations and equipping of schools.

RIHEBC | (401) 831-3770 | rihebc.com