The Connecticut Health and Educational Facilities Authority strives to help Connecticut's eligible nonprofits gain access to low-cost tax-exempt debt financing so they can continue to meet the needs of their clients.
The Authority's programs have grown substantially over the years through new programs developed by CHEFA staff in response to its customers' changing needs, as well as through legislative initiatives to meet the needs of Connecticut's citizens. As of the fiscal year ended June 30, 2018, CHEFA has issued over $20.9 billion in bonds. A portfolio which began in the early years at just over $4 million has grown to over $8.4 billion. CHEFA's initial focus on serving the higher education institutions has expanded, and its diverse client base now includes hospitals and other health care providers, colleges and universities, independent schools, childcare providers, charter schools, the Bushnell Memorial Theater, the UConn Foundation and the Wadsworth Atheneum Museum of Art, and human service providers.