On June 7, 2023, Governor Ned Lamont signed Senate Bill 1104 into law, thereby modernizing and expanding CHEFA’s statutory authority. The key feature of the new law, Public Act 23-11 expands the definition of Project beyond brick and mortar to allow CHEFA to finance programs or services that is in furtherance of the organization or […]

The 2023 legislative session in Connecticut proved to be a lengthy and eventful period, running from January 4th to June 7th. With a total of 3616 pieces of legislation introduced, it was a session that witnessed a significant increase in bills impacting or naming CHEFA and its subsidiaries.

Earlier this month CHEFA Executive Director Jeanette W. Weldon testified before the Higher Education and Employment Advancement Committee in support of SB 1104. SB 1104 is a priority bill for CHEFA. It will amend the current definition of project as outlined in CHEFA’s enabling statutes.

During the 2023 legislative session, CHEFA will pursue proposals that seek to enhance the welfare and prosperity of all Connecticut residents, while supporting workforce and community development efforts throughout the state.

CHEFA will pursue legislation in the 2023 session to establish a Connecticut Low-Income Community Tax Credit Program, to create additional resources for nonprofits to address social and economic needs in Connecticut’s low-income communities.

While a handful of recounts are still pending, the results are unlikely to change the large majorities held by Democrats in the Senate and the House. Based on unofficial vote tallies, Democrats will likely maintain their 97-54 margin in the House and — at a minimum — their 23-13 margin in the Senate when the […]

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.