About the Authority

Management Team in office silhouette

About the Authority

Maryland is extremely proud of its health care institutions, colleges and universities and non-collegiate 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.

MHHEFA Provides Least Cost Financing

  • Access to the Capital Markets
  • Fixed and Variable Rate Bonds, including Commercial Paper
  • Leases and Subleases for the purchase operation and management of projects for institutions
  • Private Placements and Direct Bank Placements
  • Public and Limited Public Offerings
  • Loans to participating Institutions
  • Pooled Loan Programs

MHHEFA finances on behalf of...

NON-PROFIT HEALTHCARE

  • Hospital facilities, free-standing medical facilities, ambulatory care centers and other outpatient facilities
  • Parking garages, research facilities and equipment
  • Major technology improvements
  • Life Plan communities, assisted living facilities, nursing homes
  • Health care facilities, health-related short or long term housing

NON-PROFIT EDUCATION

  • Collegiate and non-collegiate campus buildings: academic buildings, student centers, research buildings
  • Student housing, dining halls, libraries, parking garages, utility plants, equipment technology upgrades

MHHEFA Authority Members & Staff

Authority Members

Chairman: Arnold Williams
Vice-Chairman: Sheila K. Riggs
Ex Officio: Dereck E. Davis
Member: Reco Collins
Member: Frederick W. Meier, Jr
Member: Mamie Johns Perkins
Member: John Phelps
Member: Bonnie Phipps, CPA, FHFMA
Member: W. Daniel White

 

Authority Staff

Executive Director: Barlow T. Savidge
Chief Financial Officer: Lynn Gorman-Lepson
Senior Account Manager: Lena Prince
Account Manager: Mary Jane Lupus
Account Manager: Kathy Rech
Office Manager: Stephanie Burrell

Consultants

Bond Counsel:  McKennon Shelton & Henn LLP
Financial Advisor: Public Financial Management, Inc
Financial Advisor: First Tryon Advisors, LLC d/b/a Wye River Group
Independent Auditors: CohnReznick LLP

Get In Touch With Us

The Maryland Health and Higher Educational Facilities Authority is located in downtown Baltimore.

401 E. Pratt Street
Suite 1224
Baltimore, Maryland 21202
Phone | 410.837.6220
Fax | 410.685.1611
E-mail | contact@mhhefa.org

Financing Applications

As financing is tailored to meet the specific needs of each individual project, application forms are prepared to address the needs that have been defined. Financing is available for:

  • Public Offerings
  • Private Placements
  • The Authority's Pooled Loan Programs
  • Leases

Employment Opportunities

The Maryland Health and Higher Educational Facilities Authority has no job openings at this time.