The Michigan Public Educational Facilities Authority (MPEFA) provides an effective, low-cost, facilities financing option for public school academies (PSAs). This is a program designed specifically for PSAs with their particular needs in mind.

PSAs may borrow in order to finance: land, facilities, equipment, energy conservation improvement or to refinance existing debt.

MPEFA's Facilities Finance Program provides:

• Competitive interest rates
• Customized financing to meet specialized needs of PSAs
• Flexible options
• State Aid Intercept to enhance credit
• Staff dedicated to providing excellent service to PSAs
• Staff knowledgeable regarding PSA financing needs

General Information

• Long-Term Facility Finance for PSAs

Forms and Instructions

• Facilities Financing Application (Form 4123)
• Finance Team Selection

Additional Documents

• Reimbursement Resolution for Costs Incurred before Closing
  (Adobe PDF version ) | (MS Word version )
• MPEFA Credit Criteria
• MPEFA Fee Schedule

Official Statements

• Michigan Technical Academy 2008
• Chandler Park Academy 2008
• Crescent Academy 2008
• Richfield Public School Academy 2007
• David Ellis Academy 2007
• Bradford Academy 2007
• Nataki Talibah Schoolhouse of Detroit 2007
• American Montessori Academy 2007
• Walden Green Academy 2006
• Arts Academy in the Woods 2006
• Black River Academy 2006

Michigan Finance Authority
Austin Building, 1st Floor
430 W. Allegan
Lansing, MI 48922

Phone: (517) 335-0994
Fax: (517) 241-9509

www.michigan.gov/mfa
TreasMFA@michigan.gov