The Connecticut Health and Education Facilities Authority (CHEFA), a Connecticut-wide tax-exempt financing authority, has hired Affirmative Investments to create a CDE and manage their New Markets Tax Credit Program. CHEFA’s mission is to help Connecticut-based non-profit organizations raise the funds needed to meet their goals of improving the health and education in Connecticut. With Affirmative’s guidance CHEFA now controls the sole CDE based in CT, the CHEFA Community Development Corporation, which will help further CHEFA’s mission.
Affirmative and CHEFA hosted a NMTC workshop on April 3rd, 2019 to inform local non-profit and community organizations of this new opportunity to use NMTCs to support their projects. Over 30 different non-profits from across Connecticut were in attendance. Dave Scheltz, Affirmative’s New Markets Tax Credit Program Manager, provided an overview of the NMTC program and then hosted two panels featuring representatives from MHIC, JP Morgan Chase, People’s United Bank, BlueHub Capital, Bristol Boys and Girls Club, and Generations Family Health Center. These representatives shared their experiences using the NMTC program in their various capacities with the attendees.
CHEFA CDC is actively developing a project pipeline for its 2019 application and has begun scheduling meetings with nonprofits to discuss potential projects. If you are interested in learning more and have a project you would like to share, please contact Dave Scheltz at (617) 367-4300 or email@example.com or Dan Kurowski at (860) 761-8432 or firstname.lastname@example.org.