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MHHEFA Services

The Authority has created several Pooled Loan Programs. These programs group several loans together into a single bond issue, which allow the participants access to the capital markets at an affordable cost. The Authority was created in 1970 (Chapter 408, Acts of 1970). The Authority assists healthcare and educational facilities with financing for construction, site acquisition and capital equipment. Private nonprofit health and educational facilities may use the Authority as a vehicle to issue tax-exempt debt and thereby pay a lower rate of interest.