February 24, 2022
$6,500,000
WHEFA Bond Financing Helps St. Peter Lutheran, a 922 Ministry, Expand in the Town of Freedom
Bonds Placed with Nicolet National Bank
“The opportunity to receive tax-exempt financing is an incredible blessing to our school. In a growing north Appleton community, this allows us to expand our facilities and staff to offer a quality education to 150 additional students. Without this project and our ability to obtain affordable financing, we would be turning away students already next school year (my kids included). Tax-exempt financing through WHEFA will enable us to invest more dollars in our students and staff instead of building costs. We are thankful for the collaboration to make this happen!”
– Nathan Paul, Chief Operating Officer
922 Ministries
St. Peter Lutheran School employs 58 full-time equivalents in Wisconsin
Bond financing facilitated by WHEFA will be used to help St. Peter Lutheran Church finance the construction and equipping of an approximately 45,000 square foot addition and gymnasium to its school. This tax-exempt financing process has enabled St. Peter Lutheran Church 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.
