Pooled Loan Program Delivers $94M for Hudson County Infrastructure Upgrades
Faced with rising costs and tighter budgets, towns across New Jersey are under increasing pressure to do more with less, all while avoiding a strain on taxpayers. It’s no small feat.
One way they’re meeting that challenge is through creative, collaborative financing. By pooling their borrowing needs under the county’s guarantee, municipalities can lower interest rates, reduce financial risk, and stretch every dollar further.
Since 2009, the pooled note model has saved Hudson County communities more than $37 million in interest and fees. And our Firm is playing a key role in that progress.
Our Firm, supported by Bakari G. Lee and Natercia Lopes, served as bond counsel to the Hudson County Improvement Authority in the recent closing of $94.16 million in County-Guaranteed Pooled Notes, including $19.3 million for Bayonne and $74.85 million for West New York.
These funds will help support the infrastructure needs of both communities while helping keep budgets in balance.