What Is HEFFA?
HEFFA issues conduit tax-exempt revenue bonds to assist Florida’s accredited private not-for-profit colleges and universities. Since its founding in 2001, over 1.4 billion in conduit bonds or loans have been issued by HEFFA to finance and/or refinance capital projects. HEFFA bonds are payable solely from loan repayments made by eligible borrowers and are not payable from or backed by any State revenue or credit.
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Our Mission
The Authority’s mission is to issue tax-exempt bonds on behalf of the ICUF schools. Since its inception, the Authority has issued bonds totaling approximately $1.4 billion on behalf of the state’s private tax-exempt institutions of higher education. The proceeds of these bond sales may be used for all of the normally expected types of capital projects such as:
- Dorms or other housing
- Dining hall
- student union
- administration buildings
- library
- research facility
- classrooms
- athletic facilities
Helping Deliver World Class Facilities
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HEFFA bonds are a great resource for Rollins and help us deliver on our mission to our students by providing world-class facilities.
Rollins 2020 Bonds Financed or refinanced the following projects:
- Kathleen W. Rollins Hall Renovation (project completed January 2020)
- Greenhouse Construction (state-of-the-art greenhouse and home to hundreds of plant species from around the world) (Project Completed September 2020)
- Rollins Garage Construction (Completed July 2019)
- Lakeside Neighborhood (a 250,000-square-foot residential community) (Completion date 2021)