Benefits of Bond Financing - The Hospitals & Higher Education Facilities Authority of Philadelphia
Municipal bonds or notes purchased through the HHEFA offer substantially reduced interest rates because they are exempt from:
- Federal income tax
- State or local tax on the income from the bonds
- Assessments by the state against the principal of the bonds
- Tax-exempt bonds issued by the Authority on behalf of its not-for-profit clients provide each institution with the necessary capital to expand, renovate and build new facilities and programs.