(401) 831-3770

Financing Facilities for a Better Future

Track Record

Designed for large scale projects, tax exempt bond financing is RIHEBC’s largest component of assistance. Our financings range from $1.2 million for a nursing home to $214 million for a hospital network. To respond to Rhode Island’s growing and changing needs, both the dollar amounts and the scope of the projects underwritten by bonds have increased. Consistently, clients’ proposals have been transformed from hope into reality. Designed to meet larger capital requirements, this program was structured to respond to the needs of major hospitals and educational institutions in Rhode Island.

2019AmountBorrowerProject Details
1/31/2019$9,500,000Achievement First Rhode Island, Inc.Refinance $6.5 million in existing debt, finance capital improvements at the Achievement First Providence Mayoral Academy Elementary and Middle Schools and capital improvements for the future home of the Achievement First Iluminar
2018AmountBorrowerProject Details
12/28/18$5,000,000Meeting Street SchoolRefund the institution's 2017B bond issue
12/27/18$10,100,000South County HospitalFinance a new operating room and relocation of areas to accommodate the new operating room; and refinance $1.6 million for a capital lease
12/12/18$19,800,000Board of EducationFinance the health and safety upgrades to the fire alarms, sprinkler systems and life safety improvements; repave and reconstruct parking facilities, roadways, and walkways on the University's campuses; and engineering and construction upgrades to campus buildings
10/31/18$20,000,000St. Andrew's SchoolRefund the institution's 2013 bond issue and finance a new dormitory and faculty residential facility
10/19/18$54,950,000Rhode Island School of DesignFinance the design, construction, equipping, and furnishing of a new residence hall, renovations and improvements to existing residence halls and academic buildings, and other miscellaneous construction, renovations, and improvements
10/2/18$8,901,000Ocean State Assisted LivingRefund the institution's 2011 bond issue
9/25/18$8,750,000Roger Williams UniversityFinance the design, construction, equipping, and furnishing of a new Engineering Lab on the University's campus in Bristol and finance miscellaneous repairs to the Livingston property
5/23/18$18,690,000Pawtucket Public SchoolsRefund 2017 BANS and finance the construction, renovation, repair, furnishing, and equipping of schools and school facilities
5/8/18$4,740,000Scituate Public SchoolsFinance the construction, renovation, furnishing, and equipping of additions to schools and school facilities and the replacement, renovation, and improvement of a track and field
2017AmountBorrowerProject Details
12/22/17$20,000,000Meeting Street SchoolFinance the institution's campus expansion project
11/22/17$15,000,000Portsmouth Abbey SchoolFinance the design, construction, and equipping ofa science building and renovations to the school's dining hall
11/16/17$11,320,000Chariho Regional School DistrictFinance the construction, furnishing and equipping of a new RYSE School and refunding the school's 2011B bonds
11/16/17$4,460,000Warwick Public SchoolsFinance renovations and safety upgrades to various schools in the district
9/28/17$133,215,000Board of EducationFinance the construction of a new residence hall, campus infrastructure, and the refunding of the 2009A and 2010B bond issues
8/10/17$5,000,000Cranston Public SchoolsFinance the improvement of heating and air conditioning systems and health and safety improvements at various schools
7/26/17$36,655,000North Providence Public SchoolsFinance the construction of two new elementary schools and various health and safety improvements
7/19/17$141,125,000Brown UniversityRefund Series 2007 and finance the construction, renovation, improvement, equipping, and furnishing of various buildings belonging to the University
6/22/17$22,640,000Tiverton Public SchoolsFinance the improvements to the middle and high schools and refund Series 2009D bond issue
6/13/17$23,615,000Pawtucket Public SchoolsPartial refunding of Series 2006A and 2009D bond issues
5/16/17$9,750,000Middletown Public SchoolsCapital improvements at schools district wide
4/20/17$63,480,000Barrington Public SchoolsFinance the construction, furnishing, and equipping of a new middle school
4/11/17$14,375,000Public School PoolRefunding the Series 2009C bond issue for the Towns of Scituate and Narragansett
3/29/17$46,415,000Providence CollegeFinance the construction and renovation of existing buildings and campus infrastructure
3/21/17$58,965,000Woonsocket Public SchoolsRefunding of Series 2009E bond issue
3/1/17$36,450,000New England Institute of TechnologyRefunding of Series 2010 bond issue
2016AmountBorrowerProject Details
10/18/16$7,300,000Roger Williams UniversityFinancing of construction and furnishing of the Maher Center
9/29/16$10,138,000St. Antoine Residence/The Frassati ResidenceRefunding of Series 2007 and Series 2009 bond issues
9/28/16$90,800,000Board of EducationNew school projects for University of Rhode Island. Refunding of Series 2005 and Series 2008 bond issues for the University of Rhode Island and Rhode Island College
9/21/16$138,265,000Care New EnglandRefunding of Series 2010, Series 2013, Series 2014, Series 2016, and Providence Center Series 2013 bond issues
8/4/16$2,865,000Town of NewportFinancing of capital improvements
8/4/16$4,755,000City of WarwickFinancing of capital improvements
7/27/16$265,470,000LifespanRefunding of Series 1996, Series 2006, and Series 2009 bond issues
7/20/16$86,430,000Public School PoolRefunding of Series 2006, Series 2007 and Series 2008 bond issues for the City of Cranston, Town of Cumberland, Town of North Smithfield, Town of Tiverton, Bristol Warren Regional School District, Exeter West Greenwich Regional School District, and Foster Glocester Regional School District
6/28/16$14,156,000Care New EnglandRefunding of Series 2010 and Series 2011 bond issues
6/15/16$27,000,000Moses Brown SchoolPartial refunding of Series 2000 bond issues. Financing of new school projects
2015AmountBorrowerProject Details
12/17/15$13,900,000St. Elizabeth HomeConstruction and furnishing of new resident directed homes. Refunding of commercial mortgage loan
12/7/15$23,515,000Public School PoolRefunding of Series 2006 and Series 2007 bond issues for the Town of North Kingstown, Town of Tiverton, Town of Portsmouth, and the Town of Burrillville. Financing of health and safety repairs in the Town of Smithfield
12/1/15$10,000,000City of ProvidenceSafety improvements for various schools
11/13/15$4,825,000St. Raphael's AcademyRefunding of Series 2005 and Series 2006 bond issues
11/13/15$5,073,000The Prout SchoolRefunding of Series 2005 and Series 2006 bond issues
11/13/15$5,207,000Bishop Hendricken High SchoolRefunding of Series 2006 bond issue
10/21/15$45,000,000Brown UniversityFinancing of capital improvements. Refinancing of 2012 Commercial Paper Notes and refunding a portion of Series 2005 bond issues
9/30/15$9,360,000Tamarisk, Inc.Refunding of Series 2011 bond issue
9/22/15$30,000,000Johnson & Wales UniversityFinancing of a new health sciences academic building
9/16/15$1,884,000St. Philomena SchoolPartial refunding of Series 2005 bond issue
8/31/15$60,000,000New England Institute of TechnologyConstruction of a new residence hall and improvements to campus
08/20/15$4,565,000City of CranstonFinancing of various capital improvements
08/12/15$45,545,000South County HospitalRefunding of Series 2006 A, 2012 A and 2012 B bond issues
06/24/15$46,910,000Providence CollegeFunding of various capital projects and refunding of Series 2008 bond issue
05/14/15$3,560,000Mercymount Country Day SchoolRefunding of Series 2005 A bond issue
05/07/15$27,500,000Salve Regina UniversityFunding of capital projects and refunding of Series 2006 A bond issue
04/30/15$9,555,000Child & Family Services of Newport CountyRefunding of Series 2006 bond issue
04/22/15$146,325,000City of ProvidenceRefunding of Series 2006 A, 2007 A and 2007 C bond issues
03/11/15$6,540,000City of WoonsocketRefunding of Series 2000 bond issue
2014AmountBorrowerProject Details
11/05/14$20,390,000Newport HospitalRefunding of Series 1999 bond issue
10/30/14$4,490,000Pennfield SchoolRefunding of Series 2004 bond issue
10/24/14$15,667,000Roger Williams UniversityRefunding of Series 2006 B bond issue
10/23/14$8,000,000City of PawtucketRefunding of Series 2013 bond issue and financing of various capital upgrades
10/08/14$11,130,000Times2 AcademyRefunding of Series 2004 bond issue
08/28/14$45,000,000St. George's SchoolFunding of new academic building, refunding of Series 2003 and 2010 bond issues and refinancing of Series 2010 tax-exempt line of credit
07/22/14$3,370,000City of WarwickFinancing of various capital improvements
06/30/14$2,100,000Portsmouth Abbey SchoolFunding of various capital projects
06/25/14$9,780,000Town of West WarwickFinancing of fire code upgrades
06/01/14$47,095,000Bryant UniversityFunding of new capital projects
04/22/14$42,810,000Care New EnglandFinancing of capital upgrades and refunding of the Series 2008 B bond issue
2013AmountBorrowerProject Details
12/12/13$6,300,000City of Central FallsRefunding of Series 1999 bond issue
12/11/13$2,115,000City of PawtucketRefunding of Series 2001 bond issue
12/10/13$9,635,000Town of North ProvidenceRefunding of Series 2003 bond issue
11/26/13$16,375,000St. Andrew's SchoolFunding of capital projects and refunding of the Series 2010 and 2012 bond issues
11/21/13$138,715,000Brown UniversityFunding of new projects and upgrades as well as refunding of the Series 2003 A bond issue
11/19/13$11,310,000Town of Little ComptonFinancing of school projects and repairs
11/05/13$87,385,000Care New EnglandFinancing of capital upgrades and refunding of the Series 2003 and 2008 A bond issues
10/25/13$69,705,000Providence Public SchoolsRefunding of Series 1995 B, 1996 B, 1998 A, 1999 A, 2001 A, 2003 A and 2003 B bond issues
10/01/13$21,675,000Roger Williams UniversityRefunding of Series 2003 and 2008 B bond issues
10/01/13$2,725,000The Providence CenterFinancing of new projects and refunding of the Series 2012 bond issue
09/18/13$8,000,000Wheeler SchoolFunding of new projects
09/16/13$4,725,000LaSalle AcademyRefunding of Series 2003 bond issue
08/28/13$1,100,000Town of PortsmouthFinancing of capital upgrades and repairs
07/13/13$8,000,000Saint Elizabeth ManorFinancing of renovations and refunding of prior loan
06/05/13$32,870,000Public School PoolFinancing of new projects for the City of Newport and City of Warwick
06/01/13$1,655,000Seven Hills Rhode IslandRefinance existing indebtedness
05/08/13$51,405,000Board of EducationRefunding of Series 1997, 2002, 2003 B, 2003 C and 2004 A bond issues
04/19/13$7,825,000Bryant UniversityRefunding of Series 2002 A bond issue
04/16/13$12,520,000Town of CoventryFinancing of school projects and refunding of the Series 2003 bond issue
04/02/13$7,655,000Town of North KingstownFinancing of various school projects
04/01/13$5,000,000Scandinavian HomeFunding of capital improvements and refinancing of existing indebtedness
2012AmountBorrowerProject Details
11/06/12$44,725,000Providence CollegeRefunding of Series 2003 A bond issue
10/12/12$4,750,000The Kent CenterFinancing the purchase of a building
10/01/12$11,710,000South County HospitalRefunding of Series 2003 B and 2003 C bond issues
09/20/12$15,000,000City of East ProvidenceFinancing of repairs and upgrades at various schools
09/20/12$51,815,000Rhode Island School of DesignRefunding of Series 2004 D bond issue
06/29/12$9,000,000Rhode Island Blood CenterFinancing of renovations and new construction
06/27/12$118,240,000Brown UniversityFunding of new projects and renovations
05/31/12$3,555,000Seven Hills Rhode IslandRefinancing of existing indebtedness
04/27/12$3,200,000Rocky Hill SchoolRefinancing of existing indebtedness as well as the funding of new projects
03/16/12$6,500,000Immaculate Conception SchoolFunding of new projects and refinancing of existing indebtedness
03/01/12$28,340,000Rhode Island School of DesignRefunding of Series 2001 bond issue
02/01/12$35,640,000Town of East GreenwichFinancing of a new middle school and renovations to various schools
01/11/12$38,940,000Providence CollegeFinancing of various new projects and renovations
2011AmountBorrowerProject Details
12/19/11$32,980,000Salve Regina UniversityRefunding of Series 1999 and Series 2001 bond issue
11/30/11$10,375,000TamariskRefunding of Series 2002 bond issue
11/08/11$12,025,000Roger Williams UniversityRefunding of Series 2000 bond issue
11/01/11$23,255,000Bryant UniversityRefunding of Series 2001 bond issue
10/03/11$11,010,000Ocean State Assisted LivingRefunding of Series 2001 bond issue
10/03/11$6,100,000Portsmouth Abbey SchoolRefunding of Series 2001 bond issue
08/12/11$16,000,000Care New EnglandFinancing of new projects and refinancing of existing debt
08/11/11$70,600,000Brown UniversityRefunding of Series 2001 A and Series 2001 B bond issues
08/04/11$3,500,000LaSalle AcademyFunding of new construction and equipment
08/02/11$6,450,000Blackstone Valley Community Health Care, Inc.Financing of construction and renovations
06/28/11$1,500,000Compass SchoolAcquisition of new land, improvements and renovations
06/22/11$14,645,000Town of WesterlyFinancing of renovations to Westerly High School
06/10/11$10,940,000Chariho Regional School DistrictFinancing of various renovations and improvements to schools
06/02/11$26,410,000Roger Williams UniversityRefunding of Series 1998 bond issue
05/20/11$41,900,000Tockwotton HomeFinancing of new construction
02/01/11$6,700,000Public School PoolRenovations to schools in the Town of Westerly and City of Cranston
2010AmountBorrowerProject Details
12/30/10$12,000,000Care New EnglandFinancing of various projects at Kent Hospital
12/29/10$8,000,000St. George's SchoolFinancing of various new projects and refunding of Series 2007 Line of Credit
12/23/10$12,115,000Providence Community Health CentersFunding of new construction and refinancing of existing indebtedness
12/01/10$2,500,000J. Arthur Trudeau Memorial CenterAcquisition of land as well as renovations
12/01/10$13,465,000Public School PoolFinancing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
12/01/10$21,945,000Providence Public SchoolsFinancing of capital upgrades and repairs
12/01/10$10,635,000Town of East GreenwichFinancing of new projects and renovations to various schools
11/03/10$7,777,000City of East ProvidenceFinancing of energy improvements to various schools
10/05/10$3,995,000City of East ProvidenceFinancing of energy improvements to various schools
09/02/10$3,550,000Town of North SmithfieldFinancing of energy improvements to various schools
08/01/10$4,135,000Thundermist Health CenterRefunding of Series 2004 bond issue
08/01/10$50,000,000Brown UniversityFinancing of various capital projects
06/15/10$12,575,000Public School PoolFinancing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
06/02/10$4,250,000City of Central FallsFinancing of renovations to various schools
05/17/10$42,695,000Board of Governors for Higher EducationFinancing of new construction at the University of Rhode Island
05/07/10$40,000,000New England Institute of TechnologyFinancing of construction costs and repayment of loan
02/03/10$24,005,000Board of Governors for Higher EducationFinancing of various projects for Rhode Island College and the University of Rhode Island
2009AmountBorrowerProject Details
11/12/09$9,135,000St. Antoine ResidenceRefunding of Series 1999 A bond issue
11/05/09$74,000,000City of WoonsocketFinancing of two new middle schools
09/22/09$70,795,000Brown UniversityFinancing of various projects
06/23/09$16,100,000Public School PoolFinancing of various school projects for the City of Pawtucket and Town of Tiverton
06/18/09$28,520,000Board of Governors for Higher EducationFinancing of various renovations and upgrades to the University of Rhode Island
04/30/09$24,910,000Public School PoolFinancing of various school projects for the Town of Narragansett and Town of Scituate
03/30/09$940,000Foster-Glocester Regional School DistrictFinancing of energy efficient equipment for Ponaganset Middle School and Ponaganset High School
03/30/09$114,985,000Lifespan Obligated GroupFinancing of various projects for Rhode Island Hospital Miriam Hospital and Bradley Hospital
02/12/09$6,000,000Town of East GreenwichFinancing of various projects
2008AmountBorrowerProject Details
11/01/08$37,935,000Board of Governors for Higher EducationRefunding of Series 2004 B bond issue
08/01/08$38,000,000Roger Williams UniversityFinancing of various new projects
07/01/08$16,120,000New England Institute of TechnologyRefunding of Series 2004 bond issue
07/01/08$24,675,000Public School PoolFinancing of various school projects for the City of Cranston, Exeter/West Greenwich Regional School District, Town of Portsmouth and Town of Tiverton
06/01/08$22,935,000Roger Williams UniversityRefunding of Series 2006 A bond issue
05/01/08$91,920,000Public School PoolFinancing of various school projects for the Bristol Warren Regional School District, Town of Cumberland, Foster-Glocester Regional School District, Town of North Smithfield and Town of Portsmouth
04/01/08$18,200,000Providence CollegeRefunding of Series 2003 B & Series 2006 bond issues
04/01/08$50,420,000Bryant Universityefunding of Series 2005 & Series 2007 bond issues
03/01/08$93,780,000Rhode Island School of DesignRefunding of Series 2004 A, Series 2004 B, Series 2006 A, & Series 2006 B bond issues
02/01/08$4,000,000Learning Community Charter SchoolRefinancing of existing indebtedness as well as the funding of new projects
01/01/08$12,600,000Home & Hospice Care of RIFinancing of renovations and upgrades
2007AmountBorrowerProject Details
12/01/07$9,080,000St. Antoine ResidenceRefunding of Series 1999 B bond issue
12/01/07$75,000,000Providence Public SchoolsFinancing of various school projects
12/01/07$4,760,000City of PawtucketFinancing of various school projects
11/01/07$4,000,000St. George's SchoolFinancing of various new projects
10/01/07$91,470,000Providence Public SchoolsFinancing of various school projects
10/01/07$13,460,000Public School PoolFinancing of various school projects for the City of East Providence and the Foster-Glocester Regional School District
09/01/07$7,000,000CVS Highlander Charter SchoolFunding of various renovations and refinancing of existing debt
08/01/07$19,615,000Public School PoolFinancing of various school projects for the Town of Barrington, City of Central Falls, Town of North Kingstown and Town of Tiverton
06/01/07$3,200,000NRI Community ServicesFinancing of various projects
06/01/07$90,010,000Brown UniversityFinancing of new projects and refunding of Series 1999 bond issue and outstanding Commercial Paper Notes
06/01/07$20,000,000Bryant UniversityFunding of various new projects
05/01/07$38,450,000Public School PoolFinancing of various school projects for the Bristol Warren
03/08/07$13,680,000New England Institute of TechnologyFunding of new construction