CHEFA (Connecticut Health & Educational Facilities Authority)
Financial ServicesConnecticut, United States11-50 Employees
CHEFA, the Connecticut Health & Educational Facilities Authority, is a quasi-public financial services entity established in 1965 and based in Hartford, Connecticut. It provides access to tax-exempt financing, grants, and other financial assistance to educational institutions, healthcare providers, childcare providers, and other qualifying 501(c)(3) organizations. Since its inception, it has issued over $26.1 billion in bonds and operates on a self-supporting basis, with no taxpayer funding for its activities. CHEFA oversees CHESLA, its subsidiary that broadens higher education opportunities by offering cost-effective education financing, scholarships, and informational resources to Connecticut residents, alumni, and families. The authority has created CHEFA CDC, a federally certified community development entity that will use federal tax credits to fund projects for nonprofits serving low-income communities, with the aim of supporting economic development and addressing community needs. In Connecticut, CHEFA operates as a notable nonprofit financing authority for health, education, and related sectors.