California Health Facilities Financing Authority

Tax-Exempt Equipment Financing Program

Provides health facilities with access to tax-exempt fixed rate financing for their equipment purchases.

Contact Information

If you have any questions about the Tax-Exempt Equipment Financing program, please contact CHFFA.

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The California Health Facilities Financing Authority (CHFFA) recognizes that health facilities utilize a variety of equipment in every day operations, and that the financing can add considerably to the overall cost of equipment purchases.

CHFFA established the program to provide health facilities with access to tax-exempt fixed rate financing for their equipment purchases.

Applicants may use the note proceeds to purchase or reimburse all types of qualifying equipment, including but not limited to:

  • Medical and diagnostic equipment
  • Computers
  • Telecommunications equipment
  • Finance minor equipment installation costs

Financing Structures

CHFFA has extensive experience issuing bonds in both public offerings and direct placements using a variety of structures. The depth of experience of CHFFA staff has made the agency well positioned to consider innovative financing techniques. CHFFA can issue tax-exempt equipment notes through a direct/private placement with a purchaser of the Applicant’s choosing or through a competitive bid process.

Direct/Private Placement: This option is for Applicants who have identified a purchaser for financing the equipment purchase and request CHFFA to act as issuer of the tax-exempt notes.

Competitive Bid Direct/Private Placement: This option is for Applicants who have not identified a purchaser for financing the equipment purchase and request CHFFA and its Municipal Advisor to assist in the competitive bid process for the tax-exempt notes and the negotiation of the interest rate.

Make a Payment

The Tax-Exempt Equipment Financing Program fees, such as the Initial Fee and Annual Administrative Fee, can be submitted via CHFFA’s Electronic Payment System (“EPS”).

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Information required to make a payment:

  • Applicant name
  • Invoice number
  • Bank routing number
  • Bank account number