California grants › Health & Human Services
CHFFA Commercial Paper Program
Source: California Grants Portal, ID 46016. Listing last updated by the grantor Jul 30, 2026. Rebuilt here Oct 30, 2026.
Who can apply
NonprofitPublic Agency
-Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or a public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code)
Purpose
This program will provide a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable commercial paper notes.
Description
Eligibility General Requirements -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -Construction, remodeling, renovation, and/or improvements -Land acquisition -Acquisition of existing health facilities -Equipment and/or furnishings -Refunding of prior debt -Working capital for start-up facilities -Costs of bond issuances, feasibility studies & reimbursement of prior expenditures Loan Terms -Any commercial paper issued by Authority must receive short-term rating of at least A-1/P-1/F-1 by at least one nationally recognized rating agency -Must be issued in denominations of $100,000 -Final maturity date cannot exceed 40 years -Commercial paper application must include a detailed description of capital projects to be funded by proceeds Fees -No application fee -Initial fee of 0.05% of the issue amount (maximum $100,000) -Annual administrative fee; greater of $5,000 or 0.0175% of the maximum amount of notes outstanding during the billing year Required Documentation -Three most recent fiscal years of audited financial statements
Important dates
- Opened
- Sep 13, 2023
- Application deadline
- Ongoing
- Expected award announcement
- Ongoing
- Period of performance
- Ongoing
Funding details
- Total estimated available
- $5,000,000,000.00
- Estimated amount per award
- Between $1.00 and $5,000,000,000.00
- Expected number of awards
- Dependant on number of submissions received, application process, etc.
- Letter of intent required
- No
- Matching funds
- Not Required
- Funding source
- Other
- Funding source notes
- commercial paper note debt issuance
- Funding method
- Advances & Reimbursement(s)
How to apply
Read the full guidelines on the grantor's site, then apply there. Nothing is submitted through this site.
Submission: url: https://apply.treasurer.ca.gov/submit/f3572b12-4948-4a4c-a94a-1a04f3e69204/chffa-bond-financing-program
Questions about this grant: name: Summer Nishio; email: [email protected]; tel: 1-916-657-4037;
Similar open grants
- Children's Hospital Program of 2008 – Children's Hospitals (3rd funding round) · State Treasurer's Office · Rolling
- Children's Hospital Program of 2018 -Children's Hospitals · State Treasurer's Office · Rolling
- CHFFA Bond Financing Program · State Treasurer's Office · Rolling
- Healthcare Expansion Loan Program II (HELP II) · State Treasurer's Office · Rolling
Grants for Nonprofits is an independent directory, not a government agency. Deadlines and amounts come from the grantor via the California Grants Portal; confirm them on the grantor's page before you apply.