CHFFA Bond Financing Program

State Treasurer's Office · State of California

At a glance

CHFFA Bond Financing Program is an open California state loan opportunity from the State Treasurer's Office (State of California). Applications are accepted on an ongoing basis. Individual awards are listed as up to $5B, with $5B in total estimated funding. Applicant types listed as eligible include nonprofit and public agency. It is listed on the California Grants Portal. Cost sharing is not required.

Summary assembled from the official notice's fields. The official notice governs.

Key facts

Opened: Jul 7, 2020
Close date: Ongoing
Award floor: Not specified
Award ceiling: $5,000,000,000
Est. total funding: $5,000,000,000
Expected awards: Not specified
Matching funds: Not required
Funding instrument: Loan

Program details (as published on the California Grants Portal)

Type: Loan
Funding source: Other — Revenue bond debt issuance
Matching funds: Not Required
Funding method: Advances & Reimbursement(s)
Estimated number of awards: Dependant on number of submissions received, application process, etc.
Award period: Ongoing
Expected award announcement: Ongoing
Letter of intent: Not required
Geography: None.
How to submit: By email: chffa@treasurer.ca.gov
Latest change note: Removed broken subscription link; updated Public Point of Contact; changed Primary Administrative Point of Contact.

Who can apply

Applicant categories as listed on the California Grants Portal. GrantsJunction maps them to detailed applicant types for search and matching.

Nonprofit
Public Agency

Additional information on eligibility (from the listing)

-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 a public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code)

Can your organization apply?

A quick check against the listed applicant types — other requirements in the notice still apply.

Based on the published notice. Review the official notice for complete eligibility requirements.

What it funds

Purpose and description as published on the California Grants Portal.

Purpose

This program will provide a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable revenue bonds.

Description

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

Program page on the agency site ↗

How to apply

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Read the program guidelinesThe agency's solicitation or guidelines set eligibility details, scoring criteria and required documents. Open ↗
Confirm eligibility and fitCheck your organization type and location (see Geography above).
Find out how to submitBy email: chffa@treasurer.ca.gov
Request letters of support and partner commitmentsPartners need time to write and sign letters; ask early.
Finish a full draft of the application and budgetFollow the guidelines' format exactly; state programs often require specific forms and attachments.
Ask the program contact any questions earlychffa@treasurer.ca.gov Open ↗
Internal review and sign-offLeave time for leadership or board approval and a final proofread.
Submit while funds remainSubmit a few days early and keep your submission confirmation.

Past applications & awards

Historical data · not a prediction

Reported by the agency for this listing

Fiscal year 2026–274 applications · 4 awards
Fiscal year 2025–265 applications · 5 awards
Fiscal year 2024–255 applications · 5 awards
Fiscal year 2023–2410 applications · 10 awards
Fiscal year 2022–234 applications · 3 awards
Fiscal year 2021–220 applications · 0 awards
Fiscal year 2020–210 applications · 0 awards

Counts as published on the California Grants Portal. Award counts can read zero until decisions are announced.

Awards published: 18
Total awarded: $5,297,248,000
Median award: $217,000,000 calculated
Smallest – largest: $78,000,000 – $1,200,000,000

Recipients by type: Nonprofit (17), Public Agency (1)

Areas served: Los Angeles County (9), Orange County (5), Santa Clara County (5), Kern County (4), Placer County (4), Lake County (3), Fresno County (2), Kings County (2), Mendocino County (2), Napa County (2), San Joaquin County (2), Tulare County (2)

Largest awards to organizations

Scripps HealthCHFFA Bond Financing Program$1,200,000,000 · FY 2023–24
Adventist Health Systems/WestCHFFA Bond Financing Program$800,000,000 · FY 2023–24
Stanford Health Care (SHC)CHFFA Bond Financing Program$460,000,000 · FY 2024–25
Providence St. Joseph Health (Providence)CHFFA Bond Financing Program$365,000,000 · FY 2024–25
CommonSpirit HealthCHFFA Bond Financing Program$326,000,000 · FY 2023–24
El Camino Hospital (ECH)CHFFA Bond Financing Program$275,000,000 · FY 2024–25
Children's Hospital of Orange CountyCHFFA Bond Financing Program$275,000,000 · FY 2023–24
Stanford Health CareCHFFA Bond Financing Program$260,545,000 · FY 2023–24
City of Hope (COH)CHFFA Bond Financing Program$230,000,000 · FY 2024–25
Lucile Salter Packard Children's Hospital at StanfordCHFFA Bond Financing Program$204,000,000 · FY 2023–24

Source: California Grants Portal grant award data. Awards to individuals are counted but not named. Past awards show who was funded; they do not predict future decisions.

Program contact (as published)

chffa@treasurer.ca.gov
1-916-653-2799

Quick answers

Who is eligible to apply for “CHFFA Bond Financing Program”?

The official listing names these applicant types as eligible: Nonprofit and Public Agency. It adds: “-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 a public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California…” Additional restrictions may apply; review the full guidelines.

How much funding is available through “CHFFA Bond Financing Program”?

Per the notice, individual awards are listed as up to $5b and total estimated program funding is $5,000,000,000.

How do I apply for “CHFFA Bond Financing Program”?

Applications go directly to State Treasurer's Office, not through GrantsJunction. Submission: by email to chffa@treasurer.ca.gov. Read the program guidelines on the agency's site first; state programs set their own forms and registration requirements.

Other open California state opportunities, matched on agency, categories and wording.

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