CHEFA (Connecticut Health & Educational Facilities Authority) Information

The Connecticut Health & Educational Facilities Authority (“CHEFA”) is a quasi-public entity established in 1965. We provide access to tax-exempt financing, grants and other financial assistance to educational institutions, healthcare providers, childcare providers and other qualifying 501(c)(3) organizations. These investments underpin a critical social service infrastructure system that cares for our health, educates us, and enhances the welfare and prosperity of Connecticut residents. Since our inception in 1965 CHEFA has issued over $21.3 billion in bonds. Importantly, CHEFA is a self-supporting entity; our operations are not funded with any taxpayer dollars. CHEFA plays a critical role in helping the State meet its workforce needs through our grant programs and through our subsidiary, The Connecticut Higher Education Supplemental Loan Authority (“CHESLA”). CHESLA expands higher education opportunities for Connecticut residents by providing innovative higher education programs including cost-effective education financing,scholarships and informational resources to Connecticut students, alumni and their families. CHEFA is continuing our track record of innovative programming through our newly created subsidiary, the CHEFA Community Development Corporation (“CHEFA CDC”). CHEFA CDC is a federally certified community development entity that will offer financing utilizing available federal tax credits to fund projects for nonprofits serving low-income communities. CHEFA CDC will better position CHEFA to drive and incentivize economic development projects in low-income communities while meeting the changing needs of the constituencies we serve. We are proud of our track record and we work to continually drive progress and innovation as the authority on nonprofit financing in Connecticut.