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 INSTITUTION ELIGIBILITY
MHHEFA provides financing to eligible non-profit higher education organizations including colleges, universities, and educational organizations with the purpose of providing education beyond the high school level. MHHEFA also provides financing to healthcare organizations including hospitals, nursing homes, residential care facilities assisted living facilities, and community healthcare facilities.
Requirements for MHHEFA financing include:
  • Must be located in the State of Maine and have 501(c)3 determination letter from the Internal Revenue Service.
  • Must qualify as an eligible institution of higher education or eligible health care facility as outlined in the Authority's enabling statue.
  • Must have revenue and collateral sufficient to cover debt service on the proposed financing.