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CHEFA Programs





Recent Bond Closings

Area Cooperative Educational Services (ACES) Issue, Series B

$12,772,748
Closing DateAugust 4, 2022
Yield4.39%

Area Cooperative Educational Services (ACES), operates schools designed to meet the needs of the region it services, specifically within special education and Inter-district Magnet schools.   ACES enrolled more than 2,100 students across nine different schools and recently closed a $12.8 million transaction to refinance a portion of its $16 million acquisition price of the Winter Green Elementary School, containing approximately 83,000 square feet on 11 acres with 200 parking spaces.

LiveWell Alliance Issues, Series 2022

$81,600,000
Closing DateJune 30, 2022
Yield5.85%

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

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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

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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