INDIANAPOLIS — Treasurer Daniel Elliott announced that the Indiana Bond Bank assisted Crawfordsville Community School Corporation with project financing through its Community Funding Resource Program. The funds will be used to finance improvements to school facilities including HVAC and roofing maintenance, and the purchase of equipment, technology, and school buses.
“The Community Resource Funding Program gives folks up to 25 years to pay back, with the benefit of Indiana’s strong financial position. It’s got steady payments and helps with new or old projects, so our communities can get the funds they need to get important things done, making life better for everyone,” Elliott said.
The CFR program helps local Indiana governments fund a wide range of essential capital projects. The program offers terms of up to 25 years, does not require a public credit rating, and provides a fixed amortization for the life of the loan. Eligible entities include cities, towns, school corporations, townships, libraries, counties, and other local governmental units.
