News

LEGISLATIVE AGENDA UPDATE

Posted: January 21, 2021

Purpose

Incentivize economic development in Connecticut’s low-income communities to address social and economic issues
Provide affordable capital to non-profit organizations that serve Connecticut’s low-income communities by granting businesses a state income tax credit to incentivize private investment in needed projects

Priorities

CHEFA in the Community: CSCU Receives CHEFA COVID-19 Grant

Posted: January 12, 2021

CHEFA awarded $350,000 to the Connecticut State Colleges and Universities (CSCU System, comprised of 17 colleges and universities) as part of our FY 2021 CHEFA COVID-19 Grant Program. The grant will support a relief fund for students who were ineligible for CARES Act funds due to USDOE restrictions.

CHEFA in the Community: Hartford Healthcare COVID-19 Mobile Testing Sites

Posted: December 9, 2020

CHEFA awarded $3M in June to organizations responding statewide to the COVID-19 pandemic. @HartfordHealthCare was awarded $400,000 to support mobile testing sites throughout Connecticut. CHEFA’s grant is making a significant impact by facilitating convenient testing at community sites for CT residents.

ICYMI: CHEFA’s recent op-ed in the @ctmirror highlights the important role we play in supporting economic and workforce development throughout CT.

Posted: November 25, 2020

We are proud of the significant contributions CHEFA has made to Connecticut’s nonprofits including those in the fields of education, healthcare, and childcare, and the meaningful impact we have had on the state’s workforce and economy.

Click here to read the full article and find out more.

11-17-2020 CHEFA Client Webinar: Washington D.C. Outlook & the Impact on Connecticut

Posted: November 2, 2020

Join us as we welcome Dan DeSimone, Governor Ned Lamont’s federal affairs representative for a discussion on the federal election and how it will impact Connecticut and our clients.

DATE: Tuesday, November 17, 2020

TIME: 1:00PM - 2:00PM EDT

This webinar is open to all CHEFA Bond Clients.

For registration information please contact Deb Galli. dgalli@chefa.com

12-9-2020 CHEFA Nonprofit Forum: A "So What" View of Connecticut's Changing Demographics

Posted: November 2, 2020

Join us as we welcome keynote speaker Orlando Rodriguez, Public Policy Specialist, providing expert analysis of Connecticut’s socioeconomics and public policy for nearly 20 years, in a wide-ranging discussion designed to highlight the demographic population changes in Connecticut. This shift and new reality will affect all sectors of our state: government, education, nonprofit, philanthropy, and business.

DATE: Wednesday, December 9, 2020

TIME: 9:30 - 10:30AM EDT

CHEFA Closes $25 million Transaction for Fairfield University

Posted: September 30, 2020

On September 10, 2020, CHEFA closed a $25 million transaction for Fairfield University. Proceeds from the bonds will be used to construct a 75-bed residence hall for undergraduates, as well as fund various renovations for residence halls on campus. The bonds will also be used to fund equipment acquisition and installation.

CHEFA Revolving Loan Fund

Posted: July 27, 2020

Introducing CHEFA Revolving Loan Fund ProgramA financing alternative for working capital expenses or other costs related to the impact of COVID-19

CHEFA’s 2020 Grantmaking Continues Strong Commitment to CT Workforce with $1 million in Awards

Posted: July 22, 2020

In an effort to support workforce and economic development in the State of Connecticut, the Connecticut Health and Educational Facilities Authority (CHEFA) made a major commitment to statewide workforce initiatives. CHEFA’s Board of Directors met earlier this year and awarded FY 2020 Targeted Grants totaling $1 Million Dollars to four organizations. The following entities and programs each received a grant in the amount of $250,000:

CHESLA Announces Lowest Student Loan Interest Rate in Program History

Posted: July 14, 2020

Hartford, CT, July 8, 2020 - The Connecticut Higher Education Supplemental Loan Authority (CHESLA) announced that its my CHESLA Student Loan will have a 4.85% fixed rate for the 2020-2021 academic year. The new student loan interest rate is 10 basis points lower than the previous program low of 4.95%.

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