NOTE: You must create an account and log in through this website (Submittable) in order to submit an online application for CHFFA's Bond Financing Program. You may also share a collaboration link with your financing team members if you would like to ask third parties to upload application documents or review your application.
Standard Bond Financing Program
This program provides a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable revenue bonds. Proceeds from the loan may be used by eligible borrowers to fund construction/renovation projects, land acquisition for future projects, acquisition of existing health facilities, refinancing of existing debt, working capital for start-up facilities and pay costs of issuance. Given the cost of issuing bonds, this option is usually pursued by borrowers with capital projects in excess of $5 million.
Alternatively, CHFFA also offers alternative financing opportunities, such as refunding bonds, taxable conduit bonds, direct/private placements, or pooled bonds.
Flexibility of Financing Structure
CHFFA has extensive experience issuing bonds and other forms of indebtedness in both public offerings and direct placements using a variety of structures, including multi-modal indentures, master indentures, master loan agreements, deeds of trust and other security documents, and other financing structures (including forward delivery). The depth of experience of CHFFA staff has made the agency well positioned to consider innovative financing techniques.