Department of the Treasury / Internal Revenue Service · Transportation · Housing · Water & Wastewater · Public Facilities
Private Activity Bonds (PABs) — Tax-Exempt Financing
Tax-exempt bonds issued by state or local government on behalf of private projects that serve a defined public purpose — airports, ports, water/sewer, solid waste, multifamily housing, surface transportation, and qualified broadband. State volume cap allocates 9% credit-paired multifamily PABs; exempt-facility categories are uncapped.
Whether your city can win this comes down to hard rules — population, designation, match capacity. Run your city and our AI checks it against the rules below in about 8 minutes.
Program facts
- Typical award
- $10M – $1B
- Non-federal match
- Varies by NOFO
- Eligible entity
- U.S. cities & local governments
- Application window
- State volume cap allocation cycles; non-volume-cap categories continuous.
- Typical prep time
- 16–36 weeks
- Statutory authority
- IRC §141-150; IIJA §80403
Verify on the Department of the Treasury / Internal Revenue Service page →
Who is eligible for Private Activity Bonds (PABs) — Tax-Exempt Financing?
These are the hard rules we check against. If one fails, the program is ineligible — the AI never overrides a rule.
- Cities are eligible applicants.
Not a grant — issuance authority. IIJA expanded PABs for highway/transit/water with new authorizations. Amounts and timing approximate; verify directly with administering agency.
How Strategic Pursuit scores this program
Run a city dossier and our AI cross-checks ACS demographics, 5-year USAspending award history, FEMA disaster history, and CEJST/Justice40 + HUD designations against this program's rules. You get a clear eligibility, strategic, and competitive answer — with the city's own hard evidence ready to anchor the narrative — instead of a generic match badge. And if it's a no-go, you'll know before you spend the month.
The dossier isn't the AI's guesswork — eligibility is decided by the rules, and the numbers come straight from official sources. The answer your reviewer will check line by line.
No credit card. 30-day trial, 3 dossiers, 1 seat.
Related programs
- RAISE Discretionary Grants (DOT)$1M – $25M
- INFRA Grants (Nationally Significant Multimodal Freight & Highway Projects) (DOT)$25M – $200M
- MEGA / National Infrastructure Project Assistance (DOT)$100M – $500M
- Safe Streets and Roads for All (SS4A) (DOT)$200K – $25M
- Reconnecting Communities Pilot Program (DOT)$500K – $100M
- Surface Transportation Block Grant Program (Highway Trust Fund Formula) (DOT)$500K – $50M
Award ranges, match percentages, and windows are approximate.