Recent legislation has expanded CHEFA’s authority to finance working capital expenses for Connecticut’s nonprofits. CHEFA’s staff has begun researching programs and would like to adopt a program that we think may be beneficial to our clients.

Proton therapy is a form of radiation treatment that disrupts and destroys tumor cells using precisely delivered energy. In comparison to traditional radiation treatment, proton therapy allows doctors to have better control where the energy is released, therefore impacting less healthy tissue and causing potentially fewer side effects.

In the world of municipal bonds, setting the order priority is a key move when distributing bonds in the primary market. It’s a decision in the hands of the issuing entity and it carries big weight, impacting bond allocation and compensation for the involved firms.

In a collaborative effort, CHEFA recently embarked on an insightful site visit with Executive Staff from the American School f0r the Deaf, and Senator Derek Slap, Representative Jillian Gilchrest, and Representative James Sanchez. This initiative is part of CHEFA in the Community, showcasing our commitment to empower communities through education. Explore how CHEFA is working with ASD to enhance educational access for all Connecticut residents.

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 […]

According to recent reports from leading financial experts, the municipal bond market has been a turbulent ride in 2023. Factors such as bank failures, rate volatility, uncertainty surrounding the Federal Reserve’s policies, and weakened investor demand have shaped the market’s performance. Despite a strong start to the year, investors quickly encountered these challenges, adjusting to […]

We are delighted to announce that the CHEFA Board of Directors has granted approval for the Brunswick School Issue, Series E, in the amount of up to $30 million. This decision was made during the June 21, 2023 Board Meeting, marking a significant milestone in the school’s development.

At the Board of Directors Meeting held on May 17th, Staff presented its annual review of the Authority’s Hospital portfolio, which included financial operating results for FY 2022, key utilization metrics and bond issue activity trends since FY 2019. The financial operating performance review was based on six stand-alone hospitals (including the Parent and subsidiaries) […]

Quinnipiac University is celebrating a major financial milestone after successfully pricing its tax-exempt, Series N Bonds. The University raised $58.955 million from the sale, which received a staggering $101.4 million worth of orders from investors.

In March, CHEFA closed a $50,000 loan with Silvermine Guild of Artists, Inc. out of New Canaan, CT. This loan will enable Silvermine to purchase new tools and equipment for its various art studios, as well as update its telephone system. This is the first loan closed after CHEFA expanded its Revolving Loan Fund to include all 501(c)(3) organizations.