The Capital Projects Finance Authority (CaPFA) is a public body corporate and politic, created pursuant to Ordinance No. 214, duly enacted by the City of Moore Haven, Florida on September 23, 1993 (the “Ordinance”) for the purpose of making loans to qualified Public Agencies in the State of Florida or in the United States.
CaPFA is committed to providing a streamlined and efficient process that empowers borrowers to access tax-exempt and taxable financing in a timely manner.
CaPFA was created in 1993 under the authority of the Constitution and laws of the State of Florida, and particularly Ordinance No. 214 enacted on September 23, 1993 by the City of Moore Haven, Florida as amended from time to time, Chapter 159, Part II, Florida Statutes, as amended, and other applicable provisions of law (collectively, the “Act”).
CaPFA was founded with the primary objective of providing an efficient and dependable mechanism for funding projects, not only within the state of Florida but across the United States. CaPFA facilitates accessible, cost-effective, tax-exempt and taxable financing for eligible projects that foster economic growth while enhancing the overall quality of life in communities across the United States.
CaPFA is required to enter into an Interlocal Agreement with the local government in which jurisdiction the project is located as a prerequisite to the issuance of bonds by CaPFA.