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About The Authority

Maryland is extremely proud of its health care institutions, colleges and universities and noncollegiate schools. The strength of these institutions is the foundation of our state's future.
The mission of the Maryland Health and Higher Educational Facilities Authority is to assist non-profit educational institutions and hospitals and related health care organizations in financing the construction and acquisition of capital projects. In pursuit of our goals, we strive to keep abreast of opportunities to reduce the cost of capital in order to meet the changing needs of our borrowing institutions.
The Authority is empowered to perform a variety of functions on behalf of its constituents, including the following:

  • Issuing fixed and variable rate bonds and notes, including commercial paper.
  • Financing construction, renovation and equipping of facilities for nonprofit hospitals, colleges, universities, noncollegiate schools, retirement communities, nursing homes, assisted living facilities and other long-term care facilities.
  • Enter into leases and subleases of projects and contracts for the operation and management of projects for institutions.
  • Make loans to participating institutions to finance projects, including hospital facilities, ambulatory care centers and other outpatient facilities, parking garages, research facilities, academic buildings, dormitories, dining halls, libraries and athletic facilities.
  • Establish and administer pooled loan programs to reduce financing costs and provide enhanced access to the capital markets.

As a public instrumentality providing financing for key institutional projects, the Maryland Health and Higher Educational Facilities Authority plays a vital role in improving the health and well being of the residents of our state.