Credit Enhancement Program (Oklahoma)
Last modified on February 12, 2015.
|Applies to States or Provinces||Oklahoma|
|Name||Credit Enhancement Program (Oklahoma)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
The Credit Enhancement Program is a means by which the Oklahoma Finance Authority provides guarantees for small companies, manufacturing facilities and communities in need of funds for expansion projects and infrastructure loans. "Credit Enhanced" financing carry a financial guarantee of the Credit Enhancement Reserve Fund (CERF). The fund assumes part or all of the risk of repayment of the credit enhanced notes or bonds. The two basic forms of lending utilized by ODFA are conduit and credit-enhancement financing. The Authority utilizes conduit financing to provide borrowers with lower cost financing, due to the Authority's standing as a public trust, without creating risk for ODFA itself.
|Contact Name||John Harris|
|Department||Development Finance Auhtority|
|Address||5900 N Classen Court, Oklahoma City, OK 73118|
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Credit Enhancement Program|