Frequently Asked Questions
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What is the purpose of an IDA?
What are the benefits of doing an IDA transaction?
A project may qualify for tax-exempt financing, taxable bonds or a straight lease transaction. If also may qualify for sales tax exemption, mortgage recording tax exemption and/or real estate tax abatement.
How small can a transaction be?
A transaction may be as small as $800,000
What is a Special Straight Lease Program?
This transaction is one in which
Who qualifies for
tax exempt bond financing?
Tax-exempt bond financing is available to manufacturing companies seeking to
Tax-exempt bonds enable borrowers to finance improvements to their businesses at lower costs, including reduced interest rates, longer financing terms and lower equity requirements. The Town of Hempstead Industrial Development Agency also issues taxable bonds for commercial projects that do not qualify for tax-exempt bonds.