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of the Commonwealth of Pennsylvania

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    Pennsylvania Higher Educational Facilities Authority (PHEFA)

    The Pennsylvania Higher Educational Facilities Authority (PHEFA) provides tax-exempt financing to colleges and universities across the Commonwealth—supporting campus improvements without relying on taxpayer dollars.

    Exterior view of Penn Medicine’s Pavilion in Philadelphia, a modern high-rise hospital building with a curved red-brown facade and large glass windows, with the Penn logo prominently displayed at the top.

    Overview

    PHEFA is a public corporation and a public instrumentality of the Commonwealth of Pennsylvania, created in 1967 to provide tax-exempt financing for Pennsylvania's colleges and universities. PHEFA does not receive taxpayer funding.

     Benefits of using PHEFA for your financing needs:

    • PHEFA is a well-known name in the public finance community and has issued over $25 billion 

    • Professional full-time staff to expedite the bond issuance process 

    • Working relationships with public finance professionals, including bond counsels, underwriters, financial advisors, and trustees

    • Member of the National Association of Health & Educational Facilities Finance Authorities (NAHEFFA)

    • Arbitrage Rebate calculations and compliance for fixed rate bonds

    • Competitive fees

    Financials

    Right-to-know requests

    All U.S. citizens have the right to request public records. You can submit a request for records in writing using the Pennsylvania Higher Educational Facilities Authority right-to-know request form.

    File a right-to-know request
    SPSBA/PHEFA

    Upcoming Board Meetings

    Thursday, July 31st 11:00 AM

    Room 515, North Office Building, Harrisburg, PA