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Chefa Current Events

News

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March 30, 2023

Successful Bond Pricing for Quinnipiac University

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.

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March 30, 2023

CHEFA Revolving Loan Fund Closes First Non-Client Loan

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.

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March 30, 2023

FY 2023 Higher Education Sector Report Summary

At the Board of Directors Meeting held on March 22nd, Management presented a review of its Higher Education Sector report for FY 2022. This sector report reviews the performance of the ten private institutions and the Connecticut State University System that comprise CHEFA’s higher education portfolio, which consists of 60 bond series with $4.93 billion outstanding.

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January 04, 2023

CHEFA Demonstrates Philanthropic Leadership by Awarding More than $1M Throughout the State to Support Healthcare, Education and Childcare Initiatives.

CHEFA recently committed more than $1 million as part of the John M. Biancamano CHEFA Client Grant Program to support important programming throughout the state. Click here to learn more about how these funds are being used to support important initiatives throughout Connecticut, including programming to support healthcare workforce development, fight obesity, and increase access to STEM learning opportunities.

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November 15, 2022

Successful Bond Pricing for the Hopkins School

On November 8, 2022, the Hopkins School successfully priced its $23.63 million, publicly rated, tax-exempt bond offering through CHEFA. Hopkins School, founded in 1660, is Connecticut’s oldest educational institution, serving day students in grades seven thru twelve and based in New Haven.

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October 04, 2022

CHEFA Board of Directors approves funding for Connecticut nonprofits through the CHEFA Revolving Loan Fund Program.

CHEFA has expanded its Revolving Loan Fund Program to serve all Connecticut based nonprofits whose missions fall within designated sectors and has released the Annual Funding Cycle Notice: 2023A. This Notice makes funding available up to $50,000 to eligible nonprofits for purposes of financing capital projects. CHEFA is accepting loan applications on a first come, […]

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