CHESLA holds Press Conference with Governor Lamont to announce the launch of the CHESLA Alliance District Teacher Loan Subsidy program.Read More
CHEFA seeks to continue its track record of supporting the State’s economy, workforce and enhancing the welfare and prosperity of all Connecticut’s residents with our legislative agenda for 2022.Read More
The Center for Effective Philanthropy published a piece by Betty Sugerman Weintraub, CHEFA Manager of Grant Programs and Philanthropic Outreach, highlighting the need for philanthropy to fund capital infrastructure needs for nonprofit organizations. CHEFA is among the only Connecticut funders allowing organizations to apply for capital or program grants.Read More
Recent Bond Closings
University of Hartford Issue, Series P$25,500,000
Bond proceeds from the sale of bonds will be used to fund all or a portion of the costs of renovating and equipping the University’s largest student housing complex called the Village Apartments. Additionally, proceeds may be directed to other capital projects on the University’s campus such as the renovating and equipping of other student residence halls, construction of a health and wellness center and construction of an outdoor track and field facility.
LiveWell Alliance Issues, Series 2022$81,600,000
LiveWell Alliance, Inc. (formerly known as the Alzheimer’s Resource Center of Connecticut), located in Plantsville, CT, is dedicated to the field of dementia care and services. LiveWell issued a non-rated public offering to finance renovations and improvements to its existing community, construct 32 memory care assisted living units, and to refinance its existing 2015 Series A bond issue.
The financing was structured as draw-down bonds, with an initial advance of $17.8 million of the total aggregate amount of $81.6 million. The draws are expected to occur over the next two years with Hamlin Capital Management purchasing the entire issue.
CHEFA Community Development Corporation
CHEFA Community Development Corporation’s (“CHEFA CDC” or the “Corporation”) mission is to provide financial assistance by serving and/or providing investment capital to qualified nonprofit organizations in low-income communities located in the State of Connecticut. Learn More
CHEFA’s Student Loan Subsidiary
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. Visit CHESLA.org