Archive for September, 2013

The Buckley School Selects the CMFA as Issuer

Sep 24, 2013

Recently the Buckley School selected the CMFA to assist them with the financing of educational facilities, and related administrative and support facilities.  Founded in 1933 the Buckley School is an independent co-educational institution located in the City of Los Angeles.

EAH Inc. Partners with the CMFA on Cochrane Village Apartments

Sep 24, 2013

Located in the heart of Morgan Hill, Cochrane Village Apartments is just a half-hour from the downtown San Jose.  Recently the CMFA closed a tax-exempt financing with EAH, Inc. to finance the acquisition and rehabilitation of the 96 unit complex.  Situated on 5 beautifully landscaped acres and connected by paved walking paths families will soon be able to enjoy renovated units and the solar thermal units will help reduce water heating bills. The renovated community center will offer resident classes and be home to social events for the residents.

Orange County College Prep High School Choses the CMFA as Issuer

Sep 24, 2013

Santa Margarita Catholic High School is a co-ed college preparatory high school serving South Orange County residents. Recently, Santa Margarita asked the CMFA to partner with them once again on a tax-exempt financing. Proceeds from the bonds were used to refund the debt used for the construction of classrooms, science laboratories, television studio, meeting and conference rooms, administrative offices and athletic fields. The current financing is expected to yield the college prep school significant interest cost savings.

CMFA Financings Enable $200,000 in Contributions to California Non-Profits

Sep 23, 2013

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 an aggregate total of $200,000 from the California Foundations for Stronger Communities with funds donated by the CMFA.

The deserving organizations include:

After-School Boxing Program is a partnership with the Oscar de la Hoya Foundation to equip and refurbish several after school boxing programs in East Los Angeles and Orange County.  The programs were established as a safe place for the kids to get off the streets and receive positive reinforcement.

Asian Pacific Community Fund works to transform lives and meet the diverse needs of Asians and Pacific Islanders in Los Angeles County.

Cancer Angeles of San Diego provides support to address the financial needs of Stage IV cancer patients who are undergoing ongoing medical treatment.

Community Hospice Foundation of Stanislaus County provides compassionate care to terminally ill patients and their families.

Community Partnership for Families of San Joaquin stands with both public and private sectors to help families help themselves. The non-profit works in community organizing and advocating neighborhood changes, family strengthening to improve health, social, educational and economic outcomes, financial self-sufficiency, community violence prevention, health and wellness program and school readiness and high school tutoring.

Dana Point 5th Marine Regiment Support Group provides support and assistance to the children, dependents and spouses of the U.S. Marines and Sailors stationed at Camp Pendleton.

HANDS Together provides early childhood education and care to children and families living in one of the most poverty stricken areas of Santa Ana.  Their comprehensive care extends to the families providing job training and vocational assistance, English Literacy & Reading Readiness classes to parents as a way to mitigate chronic poverty.

JB Brown Fund is a philanthropic partnership between USA United and LifeSteps.  The organization provides low income residents with Scholarships, Client and Senior Assistance and Sponsorship of Sporting Events of low-income youth.

Operation Safehouse provides emergency shelter, intervention and outreach services to run away, homeless and other youth in crisis. For the past 25 years, Safehouse offers youth positive alternatives to becoming victims of the streets.

Phoenix Learning Center Program of Julian Charter School, Inc. works toward developing a community of compassionate, innovative, life-long learners who continually strive for excellence. The donation will be used to build a fence around the play area and purchase playground equipment.

Pico Youth & Family Center Based in Santa Monica, CA the non-profit is committed to serving hundreds of at-risk youths, ages 16-24 each year.  Through case management, counseling, tutoring, job readiness training, leadership development, music, art and computer training their clients find alternatives to a violent lifestyle.  

Ride 2 Recovery is dedicated to improving the mental and physical rehabilitation of wounded warriors and healing heroes utilizing cycling as the core activity. Cycling accelerates the recovery process and is an activity that everyone can do, no matter the disability. In partnership with the military and Department of Veterans Affairs, R2R supports spinning recovery labs and outdoor cycling programs at military and VA locations nation-wide in an effort to help injured veterans overcome obstacles they face.

Rural Community Assistance Corporation provides a wide range of community development services for rural and Native American communities. Their primary program areas focus on affordable housing, environmental infrastructure development and community development finance.

UCLA Mobile Clinic works toward improving the health of homeless and other vulnerable populations in the greater Los Angeles area by connecting their clients to ongoing medical care, health promotion and disease prevention activities.

United Cerebral Palsy – Wheels for Humanity provides increased self-sufficiency and mobility to persons with disabilities without regard to political affiliation, religious belief or ethnic identity the donation was restricted to fund supplies and basic medical equipment needed to help the homeless and less fortunate in California.

Vallejo Community Arts Foundation works toward the advancement of community arts through education and enjoyment and to promote music, theater and literary education whenever possible.

CMFA Joins SCLARC’s Efforts to Revitalize the Corner of Adam Blvd. & Western Avenue in Los Angeles

Sep 16, 2013

South Central Los Angeles Regional Center for Persons with Developmental Disabilities, Inc. (SCLARC) is a private, non-profit, community based organization which contracts with the State Department of Developmental Services to coordinate services for individuals with developmental disabilities and their families. From their 21 Regional Centers, SCLARC fulfills their mission of providing quality services which will enable their clients to lead richer, fuller lives. 

Recently the CMFA became part of a partnership working to revitalize the corner of Adams Blvd. and Western Avenue in Los Angeles, CA.  The Legacy Plaza project will encompass the historic Golden State Mutual Life Insurance Building which will be rehabilitated and a new office complex built on the parking lot north of the property. Together, the dual structures will provide more than 100,000 square feet of office space for SCLARC’s 250 employees and 100 consultants. SCLARC’s supporters hope that the visibility of Legacy Plaza in the Adams/Western Corridor will increase public awareness regarding special needs and give SCLARC added opportunity to outreach to the community while also reflecting the regional center’s core values of fostering an open and inclusive environment.

CMFA Partners with Bridge Housing on MacArthur Transit Village Redevelopment in Oakland

Sep 16, 2013

 The CMFA recently partnered with Bridge Housing on their MacArthur Station/Mural Apartments project.  The project is part of the MacArthur Transit Village redevelopment.  Planners hope to create a new vibrant neighborhood with 500-800 new housing units including live-work units, artist lofts, flats and town homes.  The MacArthur Transit Village will also offer new retail serving both commuters and the local neighborhood and 45,000 square feet of “high-bay, creative” office space as part of a mixed-use, signature building that includes a tower as a key architectural feature.  The Transit-Oriented Development will be located adjacent to the MacArthur BART Station.  The project is the culmination of the city and the BART Citizen’s Planning Committee (CPC) effort which began redevelopment efforts in 2000.  The plan will re-introduce the original street grid while placing BART parking into a new, state-of-the-art parking structure. Plans also include a ground floor, open-market grocery store at the station entrance, while the south end of the site (on West Mac Arthur Boulevard) will feature a new, 75,000-square-foot medical office building, including an expanded Health South Medical Center.