Recovery Zone Facility Bonds are authorized for the financing of projects located in designated economic recovery areas. Recovery Zone Facility Bonds are tax-exempt private activity bonds, similar to Industrial Revenue Bonds. Qualifying projects include any depreciable property that is to be constructed, reconstructed, renovated, or acquired by a private user within a recovery area as designated by the local unit of government. Projects can be for any trade or business conducted within economic development areas, except for residential rental housing and other limited exceptions. The bond principal and interest is repaid by the revenues generated from the private project.
Questions may be directed to Patty Lilledahl, Director, Business Development and Finance at 651-266-6593.
Recovery Zone Area Map
Recovery Zone Area Map with Census Tracks