July 15, 2021
WHEFA Bond Financing Helps Linden Oaks, LLC Construct in Oshkosh
Bonds Placed with Bank First, N.A.
“We are thankful for the continued partnership with WHEFA to provide savings through the issuance of tax-exempt bonds. This opportunity has provided the ability to fund our living options for adults ages 55 and older.”
– Billie Jo Higgins,
Vice President Finance & Information Services
Evergreen Retirement Community, Inc.
Bond financing facilitated by WHEFA will be used to help Linden Oaks finance costs associated with the development and construction of new independent living and related retirement facilities serving older adults ages 55 and older. The project is designed as a pocket neighborhood consisting of clusters of homes around common green space. The neighborhood will consist of 40 independent homes to be located on approximately 10.55 acres of unimproved land in the City of Oshkosh, Wisconsin. This tax-exempt financing process has enabled Linden Oaks to operate more effectively by financing its capital expenses at a low interest rate.
WHEFA is proud to continue its mission of assisting all eligible Wisconsin nonprofit institutions to obtain and maintain access to tax-exempt financing in order to finance or refinance their capital improvement and expansion needs.