CHFFA Bond Financing Program
Unofficial — verify with the issuing agency before applying.
View & apply on Grants.gov →This is a bond financing (loan) program, not a grant, for California nonprofit 501(c)(3) health facilities or public health facilities (like district hospitals) that have operated at least three ye…
- Deadline
- Not specified
- Posted
- Jul 7, 2020
- Award amount
- $1–$5,000,000,000
- Focus areas
- Health & Human Services
In plain English
This is a bond financing (loan) program, not a grant, for California nonprofit 501(c)(3) health facilities or public health facilities (like district hospitals) that have operated at least three years and can demonstrate fiscal soundness. Funds can cover construction, renovation, equipment, land acquisition, and refinancing, with no stated loan maximum but fees tied to the issue amount. Applicants must provide three years of audited financial statements; this is debt financing rather than a traditional award.
AI-generated summary to help you decide quickly — verify the official eligibility rules before applying.
Who can apply
Nonprofit; Public Agency
About this grant
Eligibility General Requirements -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -Construction, remodeling, renovation, and/or improvements -Land acquisition -Acquisition of existing health facilities -Equipment and/or furnishings -Refunding of prior debt -Working capital for start-up facilities -Costs of bond issuances, feasibility studies & reimbursement of prior expenditures Loan Terms -Market determined fixed or variable rate interest rate, depending on maturity -No loan maximum -Maximum loan maturity typically 40 years -Loan security provisions and bond covenants that correspond with bond rating Fees -No application fee -Initial fee of 0.05% of the issue amount (maximum $100,000), set fee of $1,000 for smaller health systems and public health facilities -Annual administrative fee of 0.0175% of the bonds outstanding (maximum $150,000), maximum of $500 for small health systems and public health facilities Required Documentation -Three most recent fiscal years of audited financial statements
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Source: public records via Grants.gov. UseGrants is an independent aggregator, not affiliated with any funding agency. Always confirm details on the official listing before applying.