Archive for June, 2012

CMFA Financings Enables $250,000 in Contributions to California Non-Profits

Jun 15, 2012

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. There were several non-profit 501(c)(3) organizations that received grants  totaling $250,000 from the California Foundation for Stronger Communities with funds donated by the CMFA.

The deserving organizations include:

John Tracy Clinic for the Deaf is a leading diagnostic and education center for young children with hearing loss. An average of 25,000 people benefit from their renowned audiology, education and support services each year.

Barrio Logan College Institute promotes the pursuit of higher education for students who are traditionally underrepresented in college through after school programs that begin in 3rd grade and extend through college completion.

Courage to Be You provides a safe group home setting for minor girls aged 11-17 who are victims of commercial sexual exploitation.  The organization was founded in 2005 to help young women discover their purpose in life. A large percentage of girls in the sex traffic trade were abused or neglected by their own family. Founder, Jenny Williamson states, “The girls’ families have failed them and it’s up to the community to be their family—to protect them and help them find their sense of purpose again.” 

Desert Samaritans hascared for tens of thousands of seniors that other organizations have not been able to help. Their mission is to ensure the financial, physical and psychological well-being of seniors in the Coachella Valley through effective social service programs.

Serene Haven, Inc. is a LosAngeles-based non-profit which supports returning military veterans that are currently disabled and/or dislocated. The mission of Serene Haven is to help those that are in need of transitional and/or permanent housing and critical services, due to life challenges faced, after returning home from service.

Casa Cornelia Law Center provides free legal services to immigrants who cannot afford legal representation but have legitimate claims to immigration relief in three program areas: women and children who are victims of domestic violence, victims of persecution seeking asylum, and unaccompanied children.  The non-profit’s efforts have been recognized by the United Nations, the State Bar of California, the Vera Institute for Justice, and the City of San Diego Human Relations Commission, among others. 

Helping Our Mentally Ill Experience Success, Inc.(HOMES) is a non-profit that provides housing and support systems for adults with persistent mental health disabilities with a special emphasis on homeless mentally ill adults.

Festival of the Arts – Youth Art Program is California’s original open-air art gallery.  Founded in 1932, the non-profit works to promote and sustain the fine arts.  A grant was awarded to assist in the funding of youth summer art programs.

Liberty Hill Foundation advances movements for social change through a strategic combination of grants, leadership training and alliance building.

Deaf Senior Foundation works tocreate programs that will support the varied needs and interests of a diverse deaf and hard-of-hearing population within the Palm Springs and Coachella Valley region.

 Kheir Center Medical Clinic is committed to providing linguistically and culturally-sensitive primary healthcare and human services support to the underserved and uninsured residents of Southern California.  In addition to their affordable senior apartments, two adult daycare facilities and human services department, Kheir also is the nation’s only community clinic offering medical assistance in Korean, Spanish and the English language.

New Day for Children is anAlamo, California-based non-profit that works with law enforcement, social services, and educational institutions to assist in the rehabilitation of children escaping sex trafficking. 

The Teen Project is avolunteer centric non-profit that provides support and services to foster youth aging out of the foster system. 

The Gathering Inn is a group of 23 churches that joined forces in 2004 to provide a viable solution to the homeless population in the area.  Today, they offer hope, dignity and a secure place to rest at night.  In addition, the Roseville, California-based organization provides a wide range of services that help clients get back on their feet again. 

Volunteer Center Orange County assists other non-profits through training and education, providing volunteers and business services.  For the past 50 years, Volunteer Center Orange County (VCOC) has been a Community Service Hub. 

Amino Oscar De La Hoya Charter Schoolis a Los Angeles-based Charter School for approximately 550 students.

Non-Profit BloodSource, Inc. Reduces Interest Cost Through the CMFA

Jun 15, 2012

The CMFA successfully facilitated a $22,000,000 tax-exempt financing for the BloodSource, Inc.  Founded in 1948, the non-profit provides a readily available, safe blood supply to over 40 hospitals in 25 Northern California counties.  Proceeds from the financing will help reduce the organization’s overall interest costs associated with the acquisition of their headquarters and capital improvements.

The CMFA Continues to Give Back to Non-Profits in California

Jun 15, 2012

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. A total of three non-profit 501(c)(3) organizations received a total of $25,000 in grants from the California Foundation for Stronger Communities with funds donated by the CMFA:
• The Oak Grove Institute Foundation provides 24-hour residential and educational treatment center for mentally disabled children.
• The Dangerfield Institute of Urban Problems is a Los Angeles-based non-profit that supports qualified foster parents to provide safe, caring and nurturing environments to children waiting for placement.
• The SJB Child Development Centers offers quality education-based child care to low and moderate income families in Santa Clara County.

The CMFA Provides Low-cost Financing for Acquisition and Rehabilitation of Kenneth Henry Court Apartments in Oakland, California

Jun 15, 2012

The CMFA successfully closed a $3,800,000 tax-exempt financing for Satellite Housing, Inc., to acquire and rehabilitate the Kenneth Henry Court Apartments located in the City of Oakland, California. The developer is committed to quality, enduring, attractive, and affordable housing for low-income seniors, families, and special needs populations.  The project will provide 51 affordable rental housing apartments.

The CMFA continues to give back to the communities in California

Jun 15, 2012

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. The following four non-profit 501(c)(3) organizations received a total of $42,000 in grants from the California Foundation for Stronger Communities with funds donated by the CMFA:
• The Jenesse Center, Inc., the oldest domestic violence intervention program in South Central Los Angeles. The organization is known for their comprehensive, centralized support provided to victims of domestic violence.
• The South Asian Network provides an open forum for people of South Asian origin to gather and discuss social, economic, and political issues affecting the community, with the goal of raising awareness, engagement and advocacy among community members leading to an empowered and active community.
• The Center for Domestic Peace operating under the name Marin Abused Women’s Services has helped thousands of women, children, and men to end the violence and to achieve safe, productive lives.
• John Glenn High School Drama Department received a grant to cover a portion of the drama student’s travel and expenses when they qualified to compete in the National Thespian Festival in Nebraska. John Glenn High School is located in an economically disadvantaged neighborhood that battles gangs, drugs and poverty.

Non-Profit Developer Secures Financing for New Affordable Rental Housing Development on the Former Fort Ord Army Base

Jun 15, 2012

The CMFA recently completed an $11,500,000 financing for the award winning Mid Pen Housing.  The low-cost financing will be used to construct an affordable housing development on the former Fort Ord Army base in Monterey County, California.  The project, known as Manzanita Place, will be part of East Garrison – a master planned new urbanist community.  When completed, the complex will enable 65 families to enjoy high quality, affordable housing.

Lycee International de Los Angeles Secures Low-cost Financing Through the CMFA

Jun 15, 2012

The CMFA recently closed a $12,000,000 financing for Lycee International de Los Angeles. The private, coeducational school serves students in preschool through 12th grade. The school is dedicated to bilingual and bicultural education.  Proceeds from the tax-exempt financing will assist in the acquisition and rehabilitation of an educational facility in Burbank, California.

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