Partners in Progress since 1971
This year marks the Authority’s 50th anniversary, with over $3 billion of bonds and notes through 237 financings year to date, with more to come. We’re celebrating with a retrospective of key dates and notable projects we’ve partnered with universities on across Minnesota.
Facilitating Financing to Accomplish Your Mission
Conduit issuer in Minnesota providing low-cost project financing for Minnesota private higher education institutions.
We Provide Financing and More
The Minnesota Higher Education Facilities Authority (the “Authority”) assists private nonprofit colleges and universities in Minnesota to finance or refinance their capital needs. The Authority accomplishes its mission by the issuance of tax-exempt or taxable bonds or notes and lending the proceeds to the school.
The Authority provides post-sale assistance to borrower schools helping them to manage their financing obligations, comply with regulatory and legal compliance requirements, monitor credit markets for refunding opportunities, and assist in answering any questions which arise during the life of the financing. The Authority actively works to have laws and regulations amended or revised to empower the Authority to provide such assistance.
Recent News
- Moody’s Reaffirms Baa2 Rating; Stable Outlook for MCAD
- Macalester College inaugurates Dr. Suzanne M. Rivera as its 17th president
- Executive Director Barry Fick Speaks on Baker Tilly Podcast: “Higher Ed Advisor: preserving and protecting your institution’s credit rating”
- Mary Yang Thao is appointed to the MHEFA Board