The Connecticut Health and Educational Facilities Authority strives to help Connecticut's eligible nonprofits gain access to low-cost tax-exempt debt financing so they can continue to meet the needs of their clients.
The Authority's programs have grown substantially over the years through new programs developed by CHEFA staff in response to its customers' changing needs, as well as through legislative initiatives to meet the needs of Connecticut's citizens. In the fiscal year ended June 30, 2010, CHEFA issued over $1.1 billion in bonds. A portfolio which began in the early years at just over $4 million has grown to over $7.4 billion. CHEFA's initial focus on serving the higher education institutions has expanded, and its diverse client base now includes hospitals and other health care providers, colleges and universities, independent schools, childcare providers, charter schools, the Bushnell Memorial Theater and the UConn Foundation, and human service providers.
Tax-Exempt Debt Financing
CHEFA offers a choice of programs and services to assist qualified nonprofit organizations to finance tax-exempt borrowing in the capital markets for construction and capital projects and/or refinance existing debt in order to maximize efficiencies on cash flow and operations. Our staff actively facilitates the borrowing process among the many parties involved in a bond transaction, and stands ready to help you however we are able.
Our New Business team can provide the most help to a borrower when the project is in the early concept stages. Our staff will review the goals of the organization, its financing needs and financial position in order to assist you in selecting the appropriate solution to your needs. We will work with you to analyze available financing products and provide information throughout the process, to the successful completion of a transaction that meets your specific needs.