During the 2022 legislative session CHEFA pursued proposals sought to build on it’s track record of providing financial assistance to educational institutions, healthcare providers and other nonprofits. A number of proposals were contained in SB 103, which CHEFA worked with members of the legislature and Administration to pass.

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. Our legislative priorities for 2022 reflect CHEFA’s commitment to providing financial assistance to educational institutions, healthcare providers, childcare providers, and other eligible not-for-profit entities, while expanding access to educational opportunities for Connecticut students through CHEFA’s subsidiary, the Connecticut Higher Education Supplemental Loan Authority.

The purpose is to Incentivize economic development in Connecticut’s low-income communities to address social and economic issues as well as 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.