CHEFA invests in Connecticut nonprofits by helping them access low cost debt capital from the tax-exempt public and private debt markets and provide equity capital in the form of grants. These investments underpin a critical social service infrastructure system that cares for our health, educates us, cares for our children; and in many cases, provides human services that are not available from any other source. In the absence of Connecticut’s nonprofit organizations, there would be a major degradation in the quality of life not only for those who receive these critical services but for all of us.
CHEFA’s professional staff has a knowledge and experience base gained over the past five decades and through the issuance of over $20.9 billion in tax-exempt bonds.
CHEFA has evolved into a valuable resource for a variety of constituencies, including existing and potential clients, and the Executive and Legislative branches of Connecticut State government.
Projects financed by CHEFA include facility acquisition and rehabilitation, equipment acquisition, and new construction for private colleges and universities, the Connecticut State University System, private independent primary and secondary schools, charter schools, long-term care facilities, hospitals, child care providers, cultural institutions, and other qualified nonprofits.
CHEFA is here to help serve our state’s nonprofit sector and to support the community at large. Our mission is focused on providing clients with the financial resources and solutions they need to care, educate and support countless citizens throughout Connecticut.
It is a privilege to serve our community in this capacity, and we hold ourselves to the highest ethical standards. CHEFA is accountable to clients, the public, bondholders, the Executive Branch of the State of Connecticut, the Connecticut General Assembly and regulators for all operations of the Authority.
Through its subsidiaries, the Connecticut Higher Education Supplemental Loan Authority (CHESLA) and the Connecticut Student Loan Foundation, CHEFA supports Connecticut students, expands educational opportunities and develop the State’s workforce.
The Connecticut Higher Education Supplemental Loan Authority (CHESLA) is a quasi-public state authority created to help students and their families finance the cost of higher education. CHESLA’s mission is to expand higher educational opportunities and enhance the State’s economic development through higher education by providing cost-effective education financing programs and information resources to Connecticut students, alumni and their families.
Connecticut Student Loan Foundation (CSLF) is a Connecticut State chartered not-for-profit corporation and quasi-public agency established pursuant to Title IV of the Higher Education Act of 1965, for the purpose of improving educational opportunity. CSLF is no longer making student loans, but continues to administer its existing portfolio.