The Connecticut Health and Educational Facilities Authority is a quasi-public state agency created in 1965 to provide access to the tax-exempt bond market for qualified non-profit 501(c)(3) institutions. These institutions include hospitals, nursing homes, continuing care retirement communities, child care facilities, independent schools, colleges and universities (including the Connecticut State University System).
Our staff and team of financial and legal consultants have the experience and skills needed to help your institution evaluate its financing options. We are prepared to guide you through the financing process from selection of members of the financing team and assessing debt capacity to the bond issue closing.
To date we have assisted more than 172 institutions by issuing over $18.4 billion in tax-exempt debt with more than $8.3 billion currently outstanding. We have provided access to low cost tax-exempt financing for 77 hospitals and nursing homes, 26 child care facilities, 59 educational facilities, and 10 human service entities and cultural facilities.
Please contact one of our new business team members for further information or to see if your institution qualifies for tax-exempt debt.