May 28, 2021
WHEFA Bond Financing Helps Wisconsin Lutheran High School Conference Refinance in Milwaukee
Bonds Placed with Waukesha State Bank
“What a blessing these tax-free bonds are to our school and its new dormitory! For years to come, the savings realized from this issuance will enable our ministry to invest more in meeting the needs of students coming from around the globe.”
— Rev. Dr. Kenneth J. Fisher
President of Wisconsin Lutheran High School
Bond financing facilitated by WHEFA was used to help Wisconsin Lutheran High School Conference (“WLHS”) refinance an interim taxable loan, the proceeds of which were originally used for the costs of constructing, improving, and equipping various expansion, renovation, and additions to the high school and the purchase of dormitory facilities used to house up to 72 international and domestic residence students. This tax-exempt financing process has enabled WLHS to operate more effectively by refinancing their 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.