Archive for December, 2011

CMFA Completes the Issuance of $5,370,000 in Bonds for St. John’s Well Child & Family Center

Dec 28, 2011

The CMFA completed the issuance of $5,370,000 in tax-exempt private activity bonds benefitting St. John’s Well Child and Family Center located in the City of Los Angeles, Los Angeles County, California.  St. John’s Well Child and Family Center provides needed healthcare to more than 100,000 patients in south Los Angeles.  Proceeds from the low cost bonds were used to refinance existing debt associated with their 11 clinics.

CMFA Completes the Issuance of $33,895,000 in Bonds for Concordia University

Dec 28, 2011

The CMFA completed the issuance of $33,895,000 in tax-exempt private activity bonds benefitting Concordia University located in the City of Irvine, Orange County, California.  Proceeds from the low cost bonds were used to refinance existing debt associated with the acquisition and construction of their educational facilities, student housing, and other facilities used by the university.

CMFA Completes the Issuance of $54,085,000 in Bonds for Emerson University

Dec 28, 2011

The CMFA completed the issuance of $54,085,000in tax-exempt private activity bonds benefitting Emerson University located in the City of Los Angeles, Los Angeles County, California.  Proceeds from the low cost bonds were used to finance a major expansion of their Los Angeles campus and includes the construction, improving and equipping a new 10-story, 115,000 square foot facility which will include classrooms, administration, student housing, retail and subterranean parking.

CMFA Completes the Issuance of $11,225,000 in Bonds for Family Healthcare Network

Dec 28, 2011

The CMFA completed the issuance of $11,225,000 in tax-exempt private activity bonds benefitting Family Healthcare Network located in the Cities of Porterville and Visalia, County of Tulare, California.  Family Heatlhcare Network is a licensed community clinic providing health care to 106,000 patients annually. Proceeds of the bonds will be used to construct two separate buildings housing medical exam rooms and dental operatories in the two cities.

CMFA Completes the Issuance of $33,814,000 in Bonds for Satellite Housing

Dec 28, 2011

The CMFA completed the issuance of $33,814,000 in tax-exempt private activity bonds.  Proceeds from the bonds will be used for a major rehabilitation project for Satellite Housing.  Glen Brook Terrace Apartments, Park Boulevard Apartments, Satellite Central, Doh On Yuen Apartments and Stuart Pratt Manor all provide affordable housing for seniors in Alameda County.

CMFA Complete the Issuance of $10,000,000 in Bonds for Poway Villas

Dec 28, 2011

The CMFA completed the issuance of $10,000,000 in tax-exempt private activity bonds benefitting Poway Villas located in the City of Poway, San Diego County, CA.  Proceeds will be used to acquire and rehabilitate 60 affordable apartments for low-income residents.

CMFA Completes the Issuance of $13,541,500 in Bonds for Evergreen Apartments

Dec 28, 2011

The CMFA completed the issuance of $13,541,500 in tax-exempt private activity bonds benefitting Evergreen Apartments located in the City of Long Beach, Los Angeles County, CA.  Proceeds of the bonds will be used to acquire and rehabilitate two project sites that will allow 78 families enjoy high quality affordable housing.

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