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New Low Rates and No Fees for CHESLA Borrowers!

Hartford, CT, June 25, 2021- The Connecticut Higher Education Supplemental Loan Authority (CHESLA) announced that its myCHESLA Student Loan will have a 4.59% fixed rate with no fees for the 2021-2022 academic year. The new student loan interest rate sets a record low for the program following last year’s low of 4.85%.

CHEFA Staff Moderates Connecticut United Ways ALICE Report Town Hall focused on CT Workforce Development

CHEFA Grant Program Manager, Betty Sugerman Weintraub moderated the Connecticut United Ways ALICE Report Town Hall on Workforce Development. The program held on May 18th focused on the ALICE population. ALICE is a United Way-coined acronym that stands for Asset Limited, Income Constrained, Employed — households with income above the Federal Poverty Level but below the basic cost of living.  In CT, 38% of residents live below the ALICE threshold.

CHEFA Grants Making a Cultural Difference

The Arts and Culture sector play an integral role in the vitality of our state.  CHEFA is proud that for twenty years, the cultural sector has been one of our four core philanthropic priority areas, along with education, healthcare, and childcare.  The grants made over this time period have supported theaters, museums, historic destinations, and more!

CHEFA’s Commitment to Diversity in the Workplace

CHEFA is proud to employ a diverse professional staff made up of individuals from a broad spectrum of backgrounds. We believe diversity and respect for one another is a fundamental component in enhancing organizational effectiveness and promoting professional development. This belief is reflected in our core values and CHEFA employees recognize the value of diversity, equity and inclusion and the worth and dignity of all, including the public, our clients and one another. 

CHEFA Grant Supports Workforce and Economic Development in Connecticut’s Urban Centers

CHEFA awarded the Working Cities Challenge (WCC) a $250,000 grant through our FY 2020 Targeted Grant Program. The Working Cities Challenge is a program of the Federal Reserve Bank of Boston and is focused on the revitalization of post-industrial cities. The program is operating in the cities of Hartford, East Hartford, Middletown, Waterbury and Danbury. The cities form multi-stakeholder teams focused on workforce development and supporting economic growth in their communities. The fiscal sponsor for the grant is the CT Council for Philanthropy.

CHEFA Announces FY 2022 John M. Biancamano Client Grant Program Letter of Interest RFP is Now Open Through May 21, 2021 at 1:00 p.m. (click here to learn more)

All CHEFA Tax-Exempt Bond and Loan clients will be eligible to apply for the FY 2022 John M.

CHEFA in the Community: Oak Hill/CT Institute for the Blind

As part of our FY 2019 Nonprofit Grant Program CHEFA awarded Oak Hill/CT institute for the Blind a grant in the amount of $73,947 for medical equipment and facility upgrades for people with disabilities and chronic health issues.

This grant provided needed assistance to a young girl, who has a disability and requires assistive technology and durable medical equipment, in order to access school, doctors’ appointments and join in on her favorite activities. 

Meet the CHEFA Board of Directors

The CHEFA Board is appointed by the Governor with its Chair nominated by the Governor and confirmed by the State Legislature. The Vice Chair is elected by the Board from the membership.

The Board draws its members from the public and private sectors, including from the markets served by CHEFA. Board members receive no compensation.

CHEFA in the Community: Community Health Services COVID-19 Grant Makes a Difference

CHEFA is proud to support organizations like the Community Health Center Association of Connecticut (CHCACT), providing crucial healthcare services to CT residents regardless of ability to pay or citizenship status. 

We recently received an email from Judy Tallman, the Director Grants & Outreach for Community Health Services (one of CHCACT member organizations), detailing how our FY 2021 COVID-19 Grant Program is making a difference for some of their most underserved clients.