Learn about Minnesota Higher Education Facilities Authority, including Featured News, Borrowers, The Team, and 50th Anniversary.
The Minnesota Higher Education Facilities Authority (the “Authority”) was formed by the Minnesota Legislature in 1971. The purpose of the Authority is to assist Minnesota based institutions of higher education in the construction, financing and refinancing of capital projects. The legislation authorizing the Authority establishes and affirms that the Authority’s authorized power is an essential public function. The Authority is also authorized and empowered to do all things necessary or helpful to carry out its statutory purpose.
The Authority may have up to $1.3 billion of bonds or notes outstanding at any time. The Authority receives no state funding of any kind. It does not have any taxing power and does not receive any allocation of tax receipts from the state of Minnesota. Authority operations are funded 100% from fees charged to borrowers and investment earnings.
On October 9, 2021, Macalester formally inaugurated Dr. Suzanne M. Rivera as the college’s 17th president.
Macalester College inaugurates Dr. Suzanne M. Rivera as its 17th president
Click the link below to listen to the latest episode of Baker Tilly's Higher Ed Advisor podcast, featuring the Authority's Executive Director, Barry Fick.
Mary Yang Thao, of Circle Pines, MN, has been appointed to the MN Higher Education Facilities Authority Board as the Board member who is a trustee, director, officer, or employee of an institution of higher education. The Governor’s Press Release is available here.
We will use this page to share updates regarding our 50th Anniversary and upcoming plans for annual conferences.
April 12, 2022: The Minnesota Higher Education Facilities Authority is rescheduling its Annual Conference on Financing Issues for Higher Education to later in summer 2022 to coincide with the opening of the new Authority office, located in Eagan. We hope you will be able to join us for the Conference and celebrate the opening of the Authority's new office. Check our website, mnhefa.org, regularly for updates on this summer's conference.”
