The Montana Facility Finance Authority (“MFFA” or the “Authority”) provides not-for-profit health care providers with access to low-cost capital. The Authority provides tax-exempt bond financing, low-interest loans and limited planning grants for non-for-profit healthcare organizations and small value-added manufacturers with projects of less than $10 million.

The 2021 legislative session authorized the Authority to become the state-wide administrator of the Commercial Property Assessed Capital Enhancements or “C-PACE” program.

Under the PACE Act, the Authority is tasked as the program administrator in charge of establishment and operation of a statewide program to enable the creation of C-PACE districts and support property owners, lenders and local governments as they use C-PACE financing. The Authority’s work on the Last Best PACE program is funded by transaction fees paid by the parties or other sources of revenue. The Authority does not receive compensation or reimbursement from local governments.

Mission

Enhance Montana healthcare and community capabilities through access to cost-effective capital financing and development services.

Values

The Authority holds the following values as important to the achievement of its mission.  These values guide our internal conduct and relationships with our partners.

• Accessibility
• Accountability
• Community
• Effectiveness 
• Relationships
• Self-sustaining
• Nimble