Board Meetings

Upcoming Meetings

• January 7, 2026

  The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 7, 2026 from 12:30 - 1:30 pm to tour one of the seven locations included in its upcoming financing with Target Holdings. This tour is open to the public and will take place at Suite Living of West St. Paul located at 938 S Robert Street, West St. Paul, MN 55118.

• January 14, 2026

  The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 14, 2026 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority’s office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/908-604-468 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 908-604-468#

• January 21, 2026

  This meeting will be held in the lower-level conference room at the Authority's office at 860 Blue Gentian Road, Eagan, MN 55121. The meeting is also accessible via telephone 1-877-978-6969 PIN 988-945-745# or online through the following link: https://meeting.gomeet.com/988-945-745# (please use Google Chrome for best performance).

• February 18, 2026

• March 18, 2026

• April 15, 2026

• May 20, 2026

• June 17, 2026

• December 17, 2025

  Minnesota Health and Education Facilities Authority (MHEFA) Notice of Public Hearing on the Issuance of Revenue Obligations of Behalf of Macalester College NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations (the “Obligations”) on behalf of Macalester College, a Minnesota nonprofit corporation (the “College”), as owner and operator of Macalester College, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota, 55121, on Wednesday, December 17, 2025, at or after 2:00 p.m. Under the proposal, the Authority would issue its Obligations in an approximate maximum principal amount of $70,000,000 to finance a project (the “Project”) consisting of (a) the refunding of the Authority’s outstanding Revenue Bonds, Series Eight-J (Macalester College) (the “Series Eight-J Bonds”), dated October 1, 2015, which were issued in the original aggregate principal amount of $22,660,000; and (b) the construction of a new mixed-use campus building including demolition of existing facilities and parking lot and construction of a welcome center, offices, student residences, a café, geothermal wells, rooftop solar, and parking lot; a Core System Modernization project from Banner to Workday and PowerFAIDS; and construction and renovation of other capital projects on the College’s campus. The Series Eight-J Bonds were issued by the Authority (formerly the Minnesota Higher Education Facilities Authority) to (a) finance the acquisition, construction, renovation, remodeling, furnishing, and equipping of various buildings and facilities of the College, including the stadium, roof replacement for the Science Building, replacement of windows for Old Main, Carnegie Hall, and Lampert Building, demolition and construction of two language-themed houses, and replacement of the indoor running track and football field turf; and (b) advance refund a portion of the Authority’s Revenue Bonds, Series Six-P (Macalester College) (the “Series Six-P Bonds”), dated as of March 1, 2007, which were issued in the original aggregate principal amount of $39,490,000. The Series Six-P Bonds were issued to (a) finance the acquisition, construction and equipping of a new athletic complex including a field house, gymnasium, pool, exercise areas, locker rooms and athletic department administrative offices, constituting, approximately 178,000 square feet, together with other improvements including new or relocated athletic fields related to or necessitated by the development of the athletic complex; and (b) refund (i) the Authority’s outstanding Revenue Bonds, Series Four-U1 (Macalester College), dated as of July 1, 1998, which were issued in the original principal amount of $7,145,000 to finance the acquisition, construction and equipping of the Ruth Stricker Dayton Campus Center including related site improvements, and (ii) the Authority’s outstanding Revenue Bonds, Series Four-U2 (Macalester College), dated as of July 1, 1998, which were issued in the original principal amount of $15,200,000 to refund the Authority’s Revenue Bonds, Series Three-J (Macalester College), dated as of June 1, 1992, originally issued to finance the acquisition, construction, renovation, remodeling, furnishing and equipping of various buildings and facilities, including gymnasium facilities, the student union, the natatorium, track and field facilities, the humanities wing of the Fine Arts Center, Old Main, and installation of a telecommunications network and a keyless identification system. The portion of the Series Six-P Bonds not refunded by the Series Eight-J Bonds was refunded by the Authority’s Revenue and Refunding Bonds, Series 2017 (Macalester College), dated November 8, 2017. All of the facilities and improvements to be financed or refinanced as part of the Project are or will be owned and operated by the College and located on the College’s campus, the principal street address of which is 1600 Grand Avenue, Saint Paul, Minnesota 55105. The Obligations will be issued in accordance with Minnesota Statutes, Chapter 15D, as amended, and will be “qualified 501(c)(3) bonds” within the meaning of Section 145 of the Internal Revenue Code of 1986, as amended. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121 or by telephone by calling toll-free 1-877-978-6969; Access Code 171-031-034# or by video at https://www.gomeet.com/171-031-034 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to 651-297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at 651-296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Macalester College, on the Authority’s website: mnhefa.org – Recent News. Dated: December 10, 2025 BY ORDER OF THE MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY /s/ Barry W. Fick Executive Director Minnesota Health and Education Facilities Authority
  Agenda

• December 9, 2025

  The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Tuesday, December 9, 2025 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority's office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/787-387-718 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 787-387-718#
  Minutes

• December 1, 2025

  The Minnesota Health and Education Facilities Authority will hold an emergency meeting of the Authority Board on Monday, December 1, 2025 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority's office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/581-019-185 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 581-019-185#
  Minutes

• November 19, 2025

  MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations on Behalf of Target Holdings of Minnesota, LLC NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of Target Holdings of Minnesota, LLC (the “Borrower”), whose sole member is Target Housing and Community Services Corporation, a California nonprofit public benefit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (“the Code”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota on Wednesday, November 19, 2025, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, whether taxable or tax exempt, in a maximum aggregate original principal amount not to exceed $130,000,000 (the “Obligations”) to finance the costs to acquire the following facilities: (1) up to $20,000,000 for assisted living facilities located at 8500 Regent Avenue North, Brooklyn Park, Hennepin County, Minnesota 55443, owned by Coventry Properties of Brooklyn Park, LLC and operated by Suite Living Senior Care of Brooklyn Park, LLC; (2) up to $20,000,000 for assisted living facilities located at 1880 East 134th Street East, Burnsville, Dakota County, Minnesota 55337 owned by Coventry Properties of Burnsville, LLC, and operated by Suite Living Senior Care of Burnsville, LLC; (3) up to $20,000,000 for assisted living facilities located at 3501 Douglas Drive North, Crystal, Minnesota 55422 owned by Coventry Properties of Crystal, LLC and operated by Suite Living Senior Care of Crystal, LLC; (4) up to $20,000,000 for assisted living facilities located at 20949 Keokuk Avenue, Lakeville, Minnesota 55044 owned by Coventry Properties of Lakeville, LLC and operated by Suite Living Senior Care of Lakeville, LLC; (5) up to $20,000,000 for assisted living facilities located at 7010 Alvarado Ln. N., Maple Grove, Hennepin County, Minnesota 55311 owned by Coventry Properties of Maple Grove, LLC and operated by Suite Living Senior Care of Maple Grove, LLC; (6) up to $20,000,000 for assisted living facilities located at 7007 139th Ln., Ramsey, Anoka County, Minnesota 55303 owned by Coventry Properties of Ramsey, LLC and operated by Suite Living Senior Care of Ramsey, LLC; and (7) up to $20,000,000 for assisted living facilities located at 938 S. Robert St., West Saint Paul, Dakota County, Minnesota 55118 owned by Coventry Properties of West, LLC and operated by Suite Living Senior Care of West St. Paul, LLC. (together, the “Projects”). The sole member of each of the entities listed in (1) through (7) above will be the Borrower at the time of closing of the acquisition of such facilities. The Obligations will all be issued under Minnesota Statutes, Sections, 15D.01 through 15D.18, and will be “qualified 501(c)(3) bonds” under the Internal Revenue Code of 1986 (the “Code”). The Obligations and the interest thereon will be limited obligations of the Authority. The Obligations and the interest thereon will be payable solely from the revenue pledged to the payment thereof and other forms of security to be provided by or on behalf of the Company. Notwithstanding the foregoing, no holders of any of the Obligations will ever have the right to compel any exercise of the taxing powers of the State of Minnesota or any political subdivision thereof to pay the Obligations or the interest thereon or to enforce payment against any property of the State of Minnesota or any political subdivision thereof. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 278-219-442# or by video at https://www.gomeet.com/278-219-442 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Target Holdings of Minnesota, LLC, on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director
  Minutes Agenda

• October 15, 2025

  MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations on Behalf of Concordia University, St. Paul NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of Concordia University, St. Paul, a Minnesota nonprofit corporation (the “University”), as owner and operator of the Concordia University, St. Paul, an institution of higher education, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota on Wednesday, October 15, 2025, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations in an aggregate original principal amount of approximately $10,750,000 to (i) refund, on a current refunding basis, the outstanding principal of the Authority’s $18,155,000 Variable Rate Demand Revenue Bonds, Series Six-Q (Concordia University, St. Paul) (the “Series Six-Q Bonds”) plus interest thereon to the redemption date (the “Refunding”), originally issued to finance the acquisition, construction, furnishing and equipping of a student residence facility consisting of a four-story building containing approximately 102,500 square feet with approximately 86 units and approximately 300 beds (including resident manager and resident advisors’ units), including appurtenant demolition of existing structures and site improvements, and (ii) pay costs of issuance related to the Refunding. The proposed revenue obligations will be qualified 501(c)(3) bonds as defined in Section 145 of the Code. The facility and improvements previously financed by the Series Six-Q Bonds are owned and operated by the University and are located on the University’s main campus, the principal street address of which is 275 Syndicate Street North, St. Paul, Minnesota. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 971-014-093# or by video at https://www.gomeet.com/971-014-093 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Concordia University, on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director
  Minutes Agenda

• September 17, 2025

  This meeting has been canceled.

• 1
• 2
• 3
• …
• 14
• Next