Skip to main content

News

Meet CHEFA Community Development Corporation

CHEFA Community Development Corporation 
Organization Overview


Purpose

CHEFA Funds Statewide Effort to Support COVID-19 Response-Provides $3M in Assistance to Healthcare, Education, Childcare and Cultural Organizations Throughout Connecticut

Wednesday June 24, 2020-The Connecticut Health and Educational Facilities Authority (CHEFA) Board of Directors awarded $3M in grants as part of the newly established FY 2021 CHEFA COVID-19 Grant Program. 

Jeanette W. Weldon, CHEFA Executive Director stated, “Many Connecticut residents are suffering as a result of the COVID crisis.  These CHEFA grants will help fund critical supports and initiatives and will have impact throughout the state. We are pleased that the CHEFA Board chose to redirect our philanthropic dollars to meet this need.”

CHEFA Announces Major Statewide Grants to Support COVID-19 Response - Provides $3M to CT Healthcare, Education, Childcare and Cultural Organizations

In response to these unprecedented times, The Connecticut Health and Educational Facilities Authority (CHEFA) has shown its philanthropic leadership by replacing all of its typical FY 2021 grant programs with a COVID-19 Grant Program.

The CHEFA Board of Directors awarded $3M in grants at its June 17, 2020 meeting. The FY 2021 CHEFA COVID-19 Grant Program will provide funding for statewide efforts to aid Connecticut communities and residents in response to the COVID-19 pandemic. 

Sharing Resources in a Time of Crisis: CHEFA Grant Allows Gaylord to Loan Ventilators During COVID-19

In the fall of 2018, neither Gaylord Specialty Healthcare nor Connecticut Health and Education Facilities Authority (CHEFA) could foresee how important the grant request and CHEFA’s positive decision would be 13 months into the future. Gaylord requested funds to purchase new ventilators and to create an educational video for families considering caring for a loved one at home on a ventilator.  CHEFA awarded Gaylord a $75,000 grant for that request in early 2019. 

IHS Markit 2019 CHEFA Economic Impact Study Highlights

On November 3, 2019 IHS Markit published an economic impact study of capital projects made possible by CHEFA financing over 2014-2018.

The highlights below demonstrate the significant role CHEFA financing plays in supporting the state economy, workforce and constituencies our clients serve.  

•CHEFA facilitated $1.6 billion in financing for capital projects over 2014-2018 focused primarily on healthcare and educational institutions. 

Now Accepting Loan Applications for CHEFA's Revolving Loan Fund Program

We are pleased to announce the posting of the Loan applications  for the CHEFA Revolving Loan Fund Program.  Loan applications will only be accepted during the Application Acceptance Window, which opens on June 15, 2020 and closes on June 29, 2020.  The Loan applications and the Annual Funding Cycle Notices can be found below.

CHEFA Announces Revolving Loan Fund Program

CHEFA is pleased to announce our intention to issue loans through the CHEFA Revolving Loan Fund Program.  This Program was established in order to assist CHEFA clients who are suffering a financial impact from the COVID-19 pandemic.  CHEFA is making funds available to provide low-cost financing to eligible CHEFA clients for working capital purposes. The Annual Funding Cycle Notices attached provides the terms of the loans, eligible borrowers and eligible uses of the loan proceeds. 

CHEFA Announces Two New Initiatives Providing Financial Assistance to Our Clients

Revolving Loan Fund

On Wednesday May 20, 2020, the CHEFA Board of Directors approved the creation of the CHEFA Revolving Loan Fund Program and the availability of $1M to provide low-cost financing to eligible CHEFA clients for working capital costs.

Pages