Request for Proposals
Loan/Portfolio Management Platform
Connecticut Health and Educational Facilities Authority (“CHEFA” or the “Authority”) is a quasi-public agency and political subdivision of the State of Connecticut and is a conduit issuer of tax-exempt bonds issued on behalf of eligible non-profits in the State of Connecticut. These tax-exempt bonds are financial obligations of the underlying obligor on whose behalf CHEFA issue the bonds. The issuance of tax-exempt bonds can provide funds for construction and renovation projects, the refinancing of eligible existing debt, funding of Debt Service Reserve Funds (if applicable), and funding of issuance costs. CHEFA’s portfolio currently consists of approximately 120 outstanding bond transactions, of which the proceeds are loaned to approximately 75 different nonprofit institutions across the state of Connecticut. It is CHEFA’s responsibility, as a conduit issuer, to maintain adequate records of the bonds we issue, this includes monitoring of debt payments and compliance with bond/loan covenants. CHEFA does not service these bonds/loans. That is done by a trustee or the individual financial institution that purchased the bond/loan. In addition, CHEFA operates a developing direct lending program to Connecticut’s nonprofits. Currently the program has 23 loans outstanding, totaling approximately $4.5 million. CHEFA underwrites these loans, as well as invoicing and collecting payments on a monthly basis. Please see RFP for scope of services and additional requirements.
Proposed Schedule
- RFP Released: February 20, 2026
- Deadline for Questions (CHEFA reserves the right to determine whether a question is relevant to the RFP and whether it will be answered): March 5, 2026
- Responses to Questions Posted on DAS and CHEFA Websites: March 10, 2026
- Proposal Due Date: March 17, 2026
- Notification of Interviews/Demonstrations, if, any: March 24, 2026
- Interviews/Demonstrations, if necessary: March 30 – April 17, 2026
- Selection of Firm and Platform: May 1, 2026
- Anticipated Commencement of Engagement: July 1, 2026