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CHEFA

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AcronymDefinition
CHEFAChristian Home Educators of Fresno Area (Fresno, CA)
CHEFAConnecticut Health and Educational Facilities Authority


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According to the CHEFA underwriting manual, the goal of the authority is to provide the lowest reasonable cost for financing these projects through the use of tax-exempt or taxable debt.
State oversight of the program, established in 1998, is strong, with the state treasurer paying both debt service and intercept components, and with CHEFA overseeing program participants, including maintaining a mortgage interest in most funded facilities.
It corrects the dollar amount of the revenue bonds in the first paragraph and the CHEFA certificates amount in the second paragraph.
 
 
 
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