The Massachusetts Health and Educational Facilities Authority, which issues bonds for cultural, educational and medical institutions in the Commonwealth, was recently merged into MassDevelopment by Chapter 240 of the Acts of 2010.
HEFA, as it was formerly known, has a pooled loan program and issues tax exempt revenue bonds.
The State Library has over 60 of these bond issues in both paper copies and on line . Examples of bond issues for hospitals and educational institutions that have recently been promulgated are: University of Massachusetts; Williams College; Wheaton College; Cape Cod Healthcare; Children's Hospital Catholic Health East System and Northeastern University. Bond issues help to strengthen the Massachusetts economy both privately and publically.
MassDevelopment is the Commonwealth's primary source of public financing for economic development projects.