Yes--please see our directions page for that information.

No, CHEFA is funded by an annual loan servicing fee charged to its borrowers.

Please contact our New Business department for an application.

The financing process usually takes about three to six months from the commitment for credit enhancement.  For more information see our sample financing timeline.

CHEFA requires an upfront fee of $20,000 submitted with your application.  This fee includes a $5,000 application fee and $15,000 that will be applied to bond issuance costs at closing.

It will probably result in higher insurance premiums charged by those insurers still underwriting municipal bonds and more restrictive bond issue covenants.

It is a public hearing required by the IRS held before the Governor can approve the issuance by CHEFA of tax-exempt debt.  The hearing gives the public an opportunity to comment on the use of the tax-exempt funds by the borrowing institution to finance its capital needs.  For more information see our overview page on the TEFRA Process.

Please visit our Philanthropy pages or go directly to the Philanthropy Frequently Asked Questions page.

Usually the trustee for the bond issue.  Please contact the client services department and they can provide you with contact information for the appropriate issue.