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.

Did you know that the CHEFA Community Development Corporation (CHEFA CDC), a subsidiary of CHEFA, is a certified Community Development Entity and eligible to apply for Federal New Markets Tax Credits on behalf of nonprofits that serve Connecticut’s low-income communities?

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.

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.

CHESLA Executive Director Jeanette W. Weldon & Assistant Director Josh Hurlock recently interviewed with NBC CT’s Jane Caffrey to discuss the findings of the CHESLA economic impact study.

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.

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, […]

This report was undertaken at the request of the Connecticut Higher Education Supplemental Loan Authority (CHESLA) to determine the economic impact of its college loan and scholarship program. CHESLA is a quasi-public entity of the state of Connecticut charged with helping to make college more affordable and attainable for the citizens of the state of […]

CHESLA held a press conference with Governor Ned Lamont, Lieutenant Governor Susan Bysiewicz and the State Department of Education to announce the launch of the CHESLA Alliance District Teacher Loan Subsidy Program.