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Credit Enhancement Assistance

The Board has expanded the PENNVEST funding packages with the development of Credit Enhancement Assistance (CEA).  Through the CEA, recipients are eligible to accept bond and/or loan guarantees for the repayment of third party loans, bond issues or other types of financing that qualified applicants may incur to finance eligible project costs.  Each deal will be specific to the project sponsor and other funding, but the term of the bond or loan guarantee will typically be 20 years from the day the guarantee goes into effect.  To find out more about CEA and how it may help your proposed project, contact your regional project specialist.