Community development activities are administered by the Infrastructure Finance Authority (IFA). The IFA was created to ensure that the state's infrastructure needs, namely those around safe drinking water and wastewater systems, are better identified and prioritized in order to ensure the best use of the state's limited resources. The authority is overseen by members of an independent Infrastructure Finance Authority Board appointed by the Governor.
The Infrastructure Finance Authority assists communities to build infrastructure capacity to address public health safety and compliance issues as well as support their ability to attract, retain and expand businesses. The IFA also works with municipalities, state agencies and property owners to prepare industrial land for certificationthe first step in bringing businesses to your community.
The following four strategies guide the IFA in achieving this goal:
- Create and develop an Infrastructure Finance Authority with specialized debt and asset management expertise, and programs that provide affordable financing for infrastructure projects to communities.
- Coordinate with federal and state agency funding partners to streamline project approval processes to get funding to communities in the quickest and most comprehensive ways possible.
- Assist municipalities to plan, develop, expand and sustain infrastructure and community development projects.
- Work with communities to develop responses to state and local economic or infrastructure priorites and work collaboratively on projects that leverage limited resources and position local communities to be competitive.