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Chefa Current Events

News

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October 02, 2023

CHEFA Explores Working Capital Financing for Our Clients

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.

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October 02, 2023

Educational Insight into Proton Therapy Center Financing

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.

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October 02, 2023

Understanding Priority Orders of Municipal Bond Sales

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.

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September 27, 2023

Building Bonds: CHEFA’s Commitment to Communities Takes Center Stage

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.

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June 29, 2023

Ask the Experts: Municipal Bond Market Updates 2023

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 […]

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June 29, 2023

FY 2023 Hospital Sector Annual Review

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) […]

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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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