CHEFA: Impact Across Connecticut
For more than sixty years, the Connecticut Health and Educational Facilities Authority (CHEFA) has been at the center of building stronger communities across our state. From hospitals and universities to childcare centers, cultural institutions, and nonprofits, CHEFA provides the financing, grants, and expertise that organizations need to grow, innovate, and serve Connecticut residents.
In Fiscal Year 2025, CHEFA’s work reached new heights. The Authority issued $1.26 billion in bonds through 12 closings, supporting hospitals, universities, independent schools, and community organizations. More than 70% of these financings were new money issues, fueling expansion projects that create jobs and expand access to essential services.
Beyond bond financing, CHEFA plays a critical role in strengthening nonprofits through direct grantmaking. In FY 2025, CHEFA awarded $2.07 million in grants across Connecticut. These investments funded pediatric health vans that bring care directly to children, advanced cancer detection technology, early childhood education facilities, refugee women’s training programs, and college access initiatives for students from under-resourced communities. Together, these projects demonstrate CHEFA’s ability to translate dollars into life-changing impact.
CHEFA also expanded its Revolving Loan Fund, closing $2.79 million in loans to nonprofits seeking affordable capital for infrastructure and service improvements. Loan sizes ranged from $194,200 to $500,000, with an additional $1.5 million allocated for FY 2026. By broadening access to low-cost financing, CHEFA helps nonprofits invest in facilities and technology that directly improve community outcomes.
Strong financial stewardship continues to underpin all of CHEFA’s efforts. The Authority reported an increase of $2.48 million in net position in FY 2025, revenues of $8.2 million, and clean audits from both independent and state auditors. This stability allows CHEFA to innovate while ensuring transparency and accountability.
Looking ahead, CHEFA will continue to focus on innovation, collaboration, communication, and accountability as it expands opportunities for nonprofit organizations statewide.
CHEFA’s mission is clear: to strengthen Connecticut by supporting the institutions that educate our students, care for our families, and enrich our communities. Whether through bond financing, grants, or loans, CHEFA is committed to investing in Connecticut’s future.
