Posts by RIHEBC

Three quarters of a percentage point doesn’t sound like much until it is applied to millions of dollars and a 20-year repayment schedule. In his five-year forecast issued in July, City Finance Director Peder Schaefer applied a 4.5% interest rate on school bonds including the $350 million bond to build new Pilgrim and Toll Gate…

On August 29th we had the opportunity to tour Bryant University and their new College of Business building, one of several campus projects financed via a recent $132 million bond issue. Since 1973, RIHEBC is proud to have provided Bryant with over $520 million in bond financing to build out their Smithfield campus and to…

For Immediate Release: July 23, 2024 PROVIDENCE, RI – The Rhode Island Health and Educational Building Corporation (RIHEBC) has announced that it closed on 12 bond financings and refinancings totaling more than $830 million in FY 2024. “RIHEBC had a big impact in FY 2024, providing more than $830 million in bond financings,” said Dylan Zelazo, Executive…

Our latest RIHEBC Update is out with a message from our Executive Director Dylan Zelazo, news about our big impact in FY 2024, Rhode Trip project site visits across the state, and more!

On June 20th, we had the opportunity to tour construction of Providence College’s new School of Nursing & Health Sciences building. RIHEBC is proud to assist Providence College in making this project and Shanley Hall, a new 360-bed residence hall, a reality via $112,345,000 in bond financing. Since 1973, RIHEBC has provided more than $300…

Today, we had the opportunity to tour the construction site of Pawtucket’s new Baldwin Elementary School, a $70 million project that will welcome students in fall 2025. Pawtucket has been a leader in renovating and building new school facilities ready for 21st century learning. RIHEBC has been proud to support this work via $219,775,000 in…

On April 26th, RIHEBC Board Chair Channavy Chhay, Vice Chair Bill Murray, and Executive Director Dylan Zelazo joined state and local leaders to break ground on the City of Central Falls’ new high school. RIHEBC is pleased to have provided $93.5 million in bond financing to make this new Central Falls High School project a…

Earlier today we had the opportunity to visit Mount Saint Charles Academy in Woonsocket and tour Brother Josephus Hall, a 19,000 square foot residence hall financed via a $3.7 million RIHEBC revenue bond. We’re proud to assist Rhode Island’s health, educational, and non-profit institutions with the financing they need to invest in their facilities. From…

PRESS RELEASEFor Immediate Release: February 5, 2024 PROVIDENCE, RI – The Board of the Rhode Island Health and Educational Building Corporation (RIHEBC), the state’s largest provider of bond financing for health and educational institutions, today announced that Dylan Zelazo has begun work as the organization’s new Executive Director. “After conducting a national search, the Board…