Track Record - Public Schools

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.

Public Schools

2022 Amount Borrower Project Details
9/29/22 $85,000,000.00 Johnston, Town of Will finance the construction, additions, renovation, improvement, alteration, repair, furnishing and equipping of schools and school facilities in the Town.
6/28/22 $19,510,000.00 Portsmouth, Town of To finance districtwide repairs and renovations.
6/15/22 $5,950,000.00 Burrillville, Town of Finance the construction, renovation, alteration and repair of schools and school facilities throughout the town; $3,216,000 will be used to pay off a direct purchase note from Webster Bank scheduled to mature on June 24, 2022.
3/25/22 $98,500,000.00 Newport, City of Finance addition to Claiborne Pell Elementary School, new school facility for Williams S. Rogers High School
3/9/22 $23,830,000.00 Warwick, City of Renovation/improvements to school facilities throughout the city.
1/7/22 $30,235,000.00 Pawtucket, City of Partially finance projects authorized for Pawtucket schools
2021 Amount Borrower Project Details
9/14/21 $35,985,000 Town of Smithfield The proceeds from the financing will be used for construction, renovation, improvement, alteration and equipping of schools and school facilities and to pay related costs of issuance.
8/10/21 $8,980,000 Exeter-West Greenwich 2021G Bonds will be used for new money projects including renovation, rehabilitation and equipping of school facilities.
6/22/2021 $11,205,000 Town of Westerly Refund 2011A and 2011C; construction, renovation, improvement, alteration, repair furnishing and equipping of schools and school facilities.
6/16/2021 $124,470,000 City of East Providence Finance new money projects and pay for related costs of issuance.
5/27/2021 $100,690,000 City of Providence Finance the first phase of the City's approved school improvement plan for various school projects.
5/12/2021 $17,920,000 City of Newport Taxable advance refunding of 2013C; paying costs of issuance.
3/23/2021 $12,840,000 Town of North Kingstown Construction, renovations, equipping various school facilities.
2020 Amount Borrower Project Details
10/22/2020 $29,655,000 Town of East Greenwich Refund 2012A; construction, renovations, equipping various school facilities.
8/04/2020 $6,400,000 Warwick Public Schools Construction, renovations, equipping various school facilities.
6/17/2020 $57,450,000 Lincoln Public Schools Construction, renovations, equipping high school facilities.
5/12/2020 $3,875,000 South Kingstown Public Schools Renovations, improvements, equipping (health, safety, fire code, roof repairs) various school facilities.
2019 Amount Borrower Project Details
10/4/2019 $3,850,000 The Compass Schools Finance the conversion of a historic barn into a middle school and to refund the School’s 2011A and 2011C bonds.
9/24/2019 $5,445,000 Warwick Public Schools Finance City-wide school improvements including roofs, fire alarm systems, ADA access compliance projects, asbestos abatement and school security equipment.
9/17/2019 $5,070,000 Jamestown Public Schools Finance repairs at the Melrose Elementary and Lawn Middle Schools.
8/21/2019 $6,200,000 Kingston Hill Academy Refinance the school’s portion of the RIHEBC 2004A bonds and finance a school expansion project.
6/27/2019 $20,000,000 Providence Public Building Authority Finance citywide school improvements.
6/11/2019 $17,975,000 Pawtucket Public Schools Finance citywide school improvements.
5/31/2019 $6,500,000 Trinity Academy for the Performing Arts Finance the purchase of the land and building to house grades 7-12 and capital improvements to the building.
4/11/2019 $41,380,000 Public School Pool Finance health and safety improvements and the Pathway Project at Eden Park Elementary School for the Town of North Providence. Finance health and safety improvements and the construction of two new elementary schools for the City of Cranston.
1/31/2019 $9,500,000 Achievement 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
2018 Amount Borrower Project Details
6/12/2018 $18,690,000 Pawtucket Public Schools Refund 2017 BANS and finance the construction, renovation, repair, furnishing, and equipping of schools and school facilities
5/8/2018 $4,740,000 Scituate Public Schools Finance the construction, renovation, furnishing, and equipping of additions to schools and school facilities and the replacement, renovation, and improvement of a track and field
2017 Amount Borrower Project Details
11/16/2017 $11,320,000 Chariho Regional School District Finance the construction, furnishing and equipping of a new RYSE School and refunding the school’s 2011B bonds
11/16/2017 $4,460,000 Warwick Public Schools Finance renovations and safety upgrades to various schools in the district
8/10/2017 $5,000,000 Cranston Public Schools Finance the improvement of heating and air conditioning systems and health and safety improvements at various schools
7/26/2017 $36,655,000 North Providence Public Schools Finance the construction of two new elementary schools and various health and safety improvements
6/22/2017 $22,640,000 Tiverton Public Schools Finance the improvements to the middle and high schools and refund Series 2009D bond issue
6/13/2017 $23,615,000 Pawtucket Public Schools Partial refunding of Series 2006A and 2009D bond issues
5/16/2017 $9,750,000 Middletown Public Schools Capital improvements at schools district wide
4/20/2017 $63,480,000 Barrington Public Schools Finance the construction, furnishing, and equipping of a new middle school
4/11/2017 $14,375,000 Public School Pool Refunding the Series 2009C bond issue for the Towns of Scituate and Narragansett
3/21/2017 $58,965,000 Woonsocket Public Schools Refunding of Series 2009E bond issue
2016 Amount Borrower Project Details
8/4/2016 $2,865,000 Town of Newport Financing of capital improvements
8/4/2016 $4,755,000 City of Warwick Financing of capital improvements
7/20/2016 $86,430,000 Public School Pool Refunding 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
2015 Amount Borrower Project Details
12/7/2015 $23,515,000 Public School Pool Refunding 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
12/1/2015 $10,000,000 City of Providence Safety improvements for various schools
8/20/2015 $4,565,000 City of Cranston Financing of various capital improvements
4/22/2015 $146,325,000 City of Providence Refunding of Series 2006 A, 2007 A and 2007 C bond issues
3/11/2015 $6,540,000 City of Woonsocket Refunding of Series 2000 bond issue
2014 Amount Borrower Project Details
10/23/2014 $8,000,000 City of Pawtucket Refunding of Series 2013 bond issue and financing of various capital upgrades
10/8/2014 $11,130,000 Times2 Academy Refunding of Series 2004 bond issue
7/22/2014 $3,370,000 City of Warwick Financing of various capital improvements
6/25/2014 $9,780,000 Town of West Warwick Financing of fire code upgrades
2013 Amount Borrower Project Details
12/12/2013 $6,300,000 City of Central Falls Refunding of Series 1999 bond issue
12/11/2013 $2,115,000 City of Pawtucket Refunding of Series 2001 bond issue
12/10/2013 $9,635,000 Town of North Providence Refunding of Series 2003 bond issue
11/19/2013 $11,310,000 Town of Little Compton Financing of school projects and repairs
10/25/2013 $69,705,000 Providence Public Schools Refunding of Series 1995 B, 1996 B, 1998 A, 1999 A, 2001 A, 2003 A and 2003 B bond issues
8/28/2013 $1,100,000 Town of Portsmouth Financing of capital upgrades and repairs
6/5/2013 $32,870,000 Public School Pool Financing of new projects for the City of Newport and City of Warwick
4/16/2013 $12,520,000 Town of Coventry Financing of school projects and refunding of the Series 2003 bond issue
4/2/2013 $7,655,000 Town of North Kingstown Financing of various school projects
2012 Amount Borrower Project Details
9/20/2012 $15,000,000 City of East Providence Financing of repairs and upgrades at various schools
2/1/2012 $35,640,000 Town of East Greenwich Financing of a new middle school and renovations to various schools
2011 Amount Borrower Project Details
6/28/2011 $1,500,000 Compass School Acquisition of new land, improvements and renovations
6/22/2011 $14,645,000 Town of Westerly Financing of renovations to Westerly High School
6/10/2011 $10,940,000 Chariho Regional School District Financing of various renovations and improvements to schools
2/1/2011 $6,700,000 Public School Pool Renovations to schools in the Town of Westerly and City of Cranston
2010 Amount Borrower Project Details
12/1/2010 $13,465,000 Public School Pool Financing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
12/1/2010 $21,945,000 Providence Public Schools Financing of capital upgrades and repairs
12/1/2010 $10,635,000 Town of East Greenwich Financing of new projects and renovations to various schools
11/3/2010 $7,777,000 City of East Providence Financing of energy improvements to various schools
10/5/2010 $3,995,000 City of East Providence Financing of energy improvements to various schools
9/2/2010 $3,550,000 Town of North Smithfield Financing of energy improvements to various schools
6/15/2010 $12,575,000 Public School Pool Financing of various projects for the Chariho Regional School District, City of Warwick and Town of Westerly
6/2/2010 $4,250,000 City of Central Falls Financing of renovations to various schools
2009 Amount Borrower Project Details
11/5/2009 $74,000,000 City of Woonsocket Financing of two new middle schools
6/23/2009 $16,100,000 Public School Pool Financing of various school projects for the City of Pawtucket and Town of Tiverton
4/30/2009 $24,910,000 Public School Pool Financing of various school projects for the Town of Narragansett and Town of Scituate
3/30/2009 $940,000 Foster-Glocester Regional School District Financing of energy efficient equipment for Ponaganset Middle School and Ponaganset High School
2/12/2009 $6,000,000 Town of East Greenwich Financing of various projects
2008 Amount Borrower Project Details
7/1/2008 $24,675,000 Public School Pool Financing of various school projects for the City of Cranston, Exeter/West Greenwich Regional School District, Town of Portsmouth and Town of Tiverton
5/1/2008 $91,920,000 Public School Pool Financing 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
2/1/2008 $4,000,000 Learning Community Charter School Refinancing of existing indebtedness as well as the funding of new projects
2007 Amount Borrower Project Details
12/1/2007 $75,000,000 Providence Public Schools Financing of various school projects
12/1/2007 $4,760,000 City of Pawtucket Financing of various school projects
10/1/2007 $91,470,000 Providence Public Schools Financing of various school projects
10/1/2007 $13,460,000 Public School Pool Financing of various school projects for the City of East Providence and the Foster-Glocester Regional School District
9/1/2007 $7,000,000 CVS Highlander Charter School Funding of various renovations and refinancing of existing debt
8/1/2007 $19,615,000 Public School Pool Financing of various school projects for the Town of Barrington, City of Central Falls, Town of North Kingstown and Town of Tiverton
5/1/2007 $38,450,000 Public School Pool Financing of various school projects for the Bristol Warren