REAC Rockland Economic Assistance Corp

ROCKLAND COUNTY

ECONOMIC ASSISTANCE CORPORATION

EAC

HELPING COUNTY NOT-FOR-PROFITS

GAIN ACCESS TO LOW-COST

TAX EXEMPT FINANCING

The Rockland Economic Assistance Corporation (REAC) was formed on behalf of Rockland County as a not-for-profit local development corporation. REAC’s primary purpose is to enable not-for-profit corporations within the County to have access to low-cost tax-exempt financing. REAC acts as an instrumentality of the County. REAC is self-supporting and does not receive any public funds.

Steven Porath, REAC Executive Director

REAC Board* members include:

Click on names to read bio's.

*Committees of the Corporation: The Board was appointed in 2010. Board members are appointed by the Rockland County Executive and Legislature to three-year terms. They also serve as members of the Governance, Audit, and Finance Committees. They also serve as members of the Governance, Audit and Finance Committees.

REAC Counsel

Brian Quinn, Esq., Local Project Counsel Montalbano, Condon & Frank, P.C.
Ronald Grosser, Esq., Bond Counsel Hawkins, Delafield & Wood LLP

1

2

3 Click here to download the application

Fill in the

application

Via U. S. mail, send the application to our offices

Click here for the address

Tax-exempt Financing for Eligible Projects: REAC is authorized to issue conduit bonds for projects of other not-for-profit entities that are located within the County. For eligible projects, REAC bonds will qualify for tax-exempt status.

Mortgage Recording Tax Exemption: As an instrumentality of the County, mortgages on which REAC is a mortgage or that are granted in connection with such financings, are exempt from payment of the state and local mortgage recording tax.