How is the temporary Jobs Act Debt Refinance program different from the permanent 504 debt refinance program?
In the permanent 504 refinancing program approved under the Recovery Act, the project is required to have an expansion component and the refinanced portion must not exceed 50 percent of the total cost of the expansion. The new, temporary 504 refinancing program does not allow an expansion to be financed and can only be used to refinance existing eligible debt.
