What KANSAS DEVELOPMENT FINANCE AUTHORITY does

Kansas Development Finance Authority (KDFA) is a state-level public body politic and corporate entity created by the 1987 Kansas Legislature under K.S.A. 74-8901 et seq. as the only multi-purpose, state-level finance authority serving Kansas. It operates as an independent instrumentality of the state, exercising essential public functions to access capital markets on behalf of Kansas state agencies, Board of Regents institutions, and qualifying public and private entities. The authority is headquartered at 534 S. Kansas Ave., Suite 800, Topeka, Kansas, and is governed by a five-member Board appointed by the Governor with staggered four-year terms. The President serves at the pleasure of the Governor as a non-voting ex-officio board member.

KDFA's core product is conduit bond issuance, operating seven distinct programs: Healthcare Facility bonds, Housing revenue bonds, Beginning Farmer loans (up to $682,700 per borrower), Industrial Revenue Bonds, State Agency Projects, Kansas Board of Regents institutional bonds, and Other Private Activity bonds. Bond issuance is authorized either through specific legislative authorization or via Resolution of the State Finance Council. The authority operates within regulatory frameworks established by Kansas statute, coordinates with the MSRB EMMA system for investor disclosures, and partners with Kansas Department of Health and Environment, Kansas Department of Transportation, Kansas Department of Commerce, HUD, and its wholly-owned subsidiary Kansas Housing Resources Corporation (KHRC, integrated July 1, 2003).

KDFA's revenue model is transaction-based, charging fees on bond issuance under three published schedules: State Agency Fee Schedule (Public Offering), State Agency Fee Schedule (Privately Placed), and Private Activity Fee Schedule. The authority employs 11-50 staff and operates as a multipurpose conduit issuer rather than a principal lender or underwriter. Customer segments include Kansas state agencies, eight Regents universities, regional healthcare systems, affordable housing developers, beginning farmers, and qualifying private commercial/industrial entities. Specific fee amounts, revenue figures, and deal volumes are not publicly disclosed.

Name

KANSAS DEVELOPMENT FINANCE AUTHORITY

Legal name

Kansas Development Finance Authority

Website

https://kdfa.org

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Kansas Development Finance Authority is the only multi-purpose, state-level conduit finance authority in Kansas, issuing tax-exempt and taxable revenue bonds for state agencies, Board of Regents universities, healthcare providers, housing developers, beginning farmers, and qualifying private entities since 1987.

Ownership category

akta.pro rank

Headquarters

HQ city

Topeka

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Bond Issuance Fees: KDFA charges fees for issuing bonds on behalf of qualified borrowers. Fee schedules are published for State Agency Public Offerings, State Agency Privately Placed bonds, and Private Activity bonds. These fees support the authority's operations as a multipurpose state finance authority.
2. Beginning Farmer Loan Program: The Beginning Farmer program assists farmers in financing agricultural businesses through tax-exempt bonds. Beginning farmers may borrow up to $682,700 under program limits, subject to lender approval. KDFA facilitates below-market interest rate loans through private lenders.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels2 records

Core offering

KDFA is a statewide, multipurpose financial resource that facilitates long-term financing for capital projects through the issuance of taxable and tax-exempt revenue bonds. It serves as a conduit issuer for state agencies, Kansas Board of Regents institutions, healthcare facilities, affordable housing developers, beginning farmers, and qualifying private activity borrowers across Kansas. The authority generates revenue through transaction-based fees for bond issuance services and manages state revolving loan fund programs in partnership with Kansas state agencies.

Product overview

Kansas Development Finance Authority (KDFA) is a statewide, multipurpose financial resource that facilitates long-term financing for capital projects via the issuance of taxable and tax-exempt bonds. KDFA operates as a single unified bond issuance platform offering multiple financing programs including: Healthcare Project Financing, Housing Project Financing, Beginning Farmer Loans (up to $682,700), Industrial Revenue Bonds, State Agency Bond Programs, and Board of Regents institutional financing. The organization provides application-based services through standardized forms for healthcare, housing, industrial, agricultural, and educational projects, along with fee schedules for public offerings, privately placed bonds, and private activity bonds. KDFA serves state agencies, Regents Institutions, healthcare providers, housing developers, beginning farmers, and qualifying private entities across Kansas.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare Program Bond issuance program for healthcare facilities offering multi-state, multi-jurisdiction finance capabilities for providers with facilities in multiple locations. For healthcare providers including hospitals, health systems, and medical facilities in Kansas and multi-state operations.
• Housing Program Affordable multifamily housing revenue bond financing program working with private developers for housing projects throughout Kansas, including participation with HUD and Kansas Housing Resources Corporation. For housing developers seeking affordable multifamily housing projects.
• Beginning Farmer Loan Program Tax-exempt bond program providing below-market interest rate loans through private lenders to help new farmers start or continue farming operations in Kansas. Beginning farmers may borrow up to $682,700 under program limits for purchasing land, farm buildings, equipment, and breeding livestock.
• Educational Facilities Program Bond issuance for public and private educational facilities including residence halls, recreation facilities, student unions, research facilities, classrooms, and athletic stadium improvements. For educational institutions and qualifying private educational facilities.
• State Projects Program Revenue bond issuance for state agency projects including office buildings, Capitol restoration, energy conservation, equipment upgrades, correctional facilities, and state revolving loan fund programs for water, transportation, and communications. For Kansas state agencies requiring capital project financing.
• Board of Regents Program Revenue bond financing for Kansas Board of Regents institutions including Emporia State, Fort Hays State, Kansas State, Pittsburg State, Wichita State, University of Kansas, and KU Medical Center for recreation complexes, residence halls, stadiums, and campus facilities. For Kansas Board of Regents institutions and state universities.
• Other Private Activity Program Bond issuance for qualifying private activities including energy conservation, manufacturing, warehousing, distribution, communication, research, transportation, and corporate office facilities. For qualifying private entities seeking industrial revenue bond financing.
• Industrial Revenue Bond Project Application Application form for industrial projects seeking revenue bond financing, including manufacturing, warehousing, distribution facilities, and other qualifying private activities. For private entities seeking industrial revenue bond financing.

Quantifiable outcome

• Beginning Farmer program allows borrowing up to $682,700, subject to lender approval

Named customers12 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• Kansas Department of Health and Environment (KDHE)coreStrategic or Co-development PartnerKDFA partners with KDHE to operate the Kansas Clean Water Supply Revolving Loan Fund Program for municipal and rural wastewater systems, and the Public Water Supply Revolving Loan Fund Program for drinking water systems targeting political subdivisions.
• Kansas Department of TransportationcoreStrategic or Co-development PartnerKDFA partners with the Kansas Department of Transportation to offer the Transportation Revolving Loan Fund for municipalities providing low-interest financing for local road and bridge infrastructure improvements, and the Communication's Revolving Loan Fund Program for political subdivisions to upgrade communications equipment.
• Kansas Department of CommercecoreStrategic or Co-development PartnerKDFA partners with the Kansas Department of Commerce to issue bonds for the IMPACT (Investments in Major Projects and Comprehensive Training) Program which provides funds for job training and major project investments for companies locating or expanding in Kansas.
• Kansas Housing Resources Corporation (KHRC)coreStrategic or Co-development PartnerKHRC was transferred to KDFA via Executive Reorganization Order No. 30 and incorporated as a public corporate entity on July 1, 2003. KDFA provides financing for housing projects in participation with KHRC programs for low and moderate income multifamily rental housing.
• United States Department of Housing and Urban Development (HUD)coreStrategic or Co-development PartnerKDFA provides financing for housing projects and programs in participation with programs established by HUD, working with private developers for affordable multifamily housing throughout Kansas.
• Municipal Securities Rulemaking Board (MSRB)coreTechnology or IntegrationKDFA provides investor information and bond disclosure through the MSRB EMMA (Electronic Municipal Market Access) system, the official repository for municipal securities data and trade information.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Texas Public Finance Authority: Texas state agency issuing general obligation and revenue bonds for state facilities, including office buildings, correctional facilities, and higher education. Directly comparable to KDFA's State Projects and Board of Regents bond programs.
• California Infrastructure and Economic Development Bank (IBank): California's state-level financing authority issuing bonds for infrastructure, economic development, and public-private partnerships. Comparable private activity bond mandate and state-agency financing role, though operating in a much larger and more diverse economy.
• New York State Dormitory Authority (DASNY): Large New York State public benefit corporation issuing bonds for higher education, healthcare, and state facilities. Comparable KDFA programs (Regents, healthcare, state projects) but significantly larger scale and broader portfolio of public-purpose financings.

Direct peers

• Ohio Higher Educational Facility Commission: Ohio state-chartered commission issuing tax-exempt bonds for private nonprofit higher education institutions. Directly comparable to KDFA's Educational Facilities and Regents bond programs serving campus housing, recreation, and academic facilities.
• Massachusetts Development Finance Agency (MassDevelopment): Massachusetts's quasi-public state development finance authority offering bond issuance, real estate financing, and economic development programs. Highly comparable to KDFA's multi-purpose mandate including healthcare, housing, education, and private activity bond financing.
• Indiana Finance Authority: Indiana's state-level finance authority managing bond issuance, environmental remediation financing (State Revolving Funds), and economic development programs. Comparable role as conduit issuer for state agencies and private activity borrowers in a Midwestern state.
• Iowa Finance Authority: Iowa's state-level multipurpose finance authority providing bond issuance, loan programs, and affordable housing financing. Most directly comparable to KDFA in scope (housing, beginning farmer/agricultural loans, state infrastructure) and structure as a state instrumentality serving a comparable agricultural Midwestern economy.
• Connecticut Health and Educational Facilities Authority (CHEFA): Connecticut quasi-governmental authority issuing bonds for healthcare, higher education, and cultural institutions. Comparable specialized focus on healthcare and educational facility bond issuance, similar nonprofit/governmental issuer model to KDFA.
• Colorado Health Facilities Authority: Colorado's specialized conduit bond issuer focused on nonprofit healthcare and early childhood education facilities. Directly comparable to KDFA's healthcare bond program and multi-state healthcare provider capability.
• Missouri Development Finance Board: Missouri's state-level conduit bond issuance authority for private activity, infrastructure, and economic development projects. Closest geographic peer to KDFA with similar statutory structure, comparable programs (industrial revenue bonds, infrastructure financing), and overlapping institutional customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kansas-development-finance

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about KANSAS DEVELOPMENT FINANCE AUTHORITY