CHEFA Tax-Exempt Loan Program
CHEFA offers a variety of tax exempt financing options for nonprofit organizations across a broad range of sectors, including healthcare institutions, educational facilities, human service providers, cultural institutions, and health and wellness facilities. Bond offerings can be publicly sold or issued as a private placement, unenhanced or with credit enhancement, bear interest at fixed or variable interest rates, and have a maturity of not greater than fifty years. Click here to learn more about CHEFA’s tax-exempt bond financing program and eligibility requirements.
CHEFA's Tax-Exempt Capital Equipment Loan Program
A LOWER COST FINANCING ALTERNATIVE
CHEFA provides a tax-exempt financing alternative for the purchase of capital equipment. The program is available to eligible nonprofit organizations located in Connecticut. Click here to learn more about eligible institutions and projects and to take advantage of the EasyLoan financing program.
CHEFA Grant Programs
The CHEFA Grant Programs were established in 2002 to provide financial assistance to nonprofit organizations in the State of Connecticut. Grant funds support the healthcare, education, childcare, and cultural sectors. On a yearly basis, three grant cycles are conducted: client; non-client; and targeted, which addresses an identified statewide need within one of the four priority sectors. No state funds are utilized for the grant programs.
CHEFA Hosts First Nonprofit Education Forum
On June 26, 2019 The Connecticut Health and Educational Facilities Authority (CHEFA) held its’ first Nonprofit Education Forum featuring Jeff Fuhrer, Executive Vice President and Senior Policy Advisor for the Federal Reserve Bank of Boston. The session also featured Dan Haar, Columnist and Associate Editor of the Hearst Connecticut Media Group as the moderator. In attendance were seventy guests, primarily recent CHEFA grant applicants. “With this forum, CHEFA positions ourselves as more than just a grant funder, we can also be a convener to provide educational opportunities; allowing participants to think of the larger statewide, regional, and national economic forces that are affecting the work that they are doing in here in CT” said Betty Sugerman Weintraub, Grant Program Manager. She added, “Our grant applicants found Mr. Fuhrer’s presentation, informative, relevant, and also funny. He and Mr. Haar added humor to what can be a dry subject. In addition, Mr. Fuhrer provided tangible, real-life examples of how the economy has left too many of the low-income and minority populations behind while benefitting those of higher incomes”. To read more about the event please click on the link below:
Photo Left to Right:
Estela Lopez, CHEFA Grant Committee Chairperson/Board of Directors; Betty Sugerman Weintraub, CHEFA Grant Program Manager; Jeff Fuhrer, Executive Vice President and Senior Policy Advisor, Federal Reserve Bank of Boston; Mike Angelini, CHEFA Board of Directors; Jeanette Weldon, CHEFA Executive Director;
Dar Haar, Columnist and Associate Editor, Hearst Connecticut Media Group
Connecticut Higher Education Supplemental Loan Authority (CHESLA)
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