July 20, 2016
WHEFA Bond Financing Helps Christian Life School Refinance in Kenosha
“The opportunity for Christian Life School to receive tax-exempt financing with WHEFA allows the school to increase the overall educational experience. The interest savings with this bond issuance will be reinvested back into technology, new programs and facility improvement that will enhance the learning environment we provide our students, their families and teachers. Thank you WHEFA for partnering with us and assisting us to fulfill our educational mission.”
– Jason R. Held,
Executive Pastor of Administration
Journey Church of the Assemblies of God, Inc.
Bond financing facilitated by WHEFA was used to help Journey Church of the Assemblies of God refinance bonds previously issued by WHEFA in 2010 on behalf of Christian Life School. This federally tax exempt financing process has enabled the borrower to operate more effectively by refinancing its capital expenses at a lower interest rate (initially 2.01%).
WHEFA is proud to have been able to assist Christian Life School by reducing their overall debt service and allowing them to grow and compete by providing access to low cost private capital.