Archive for August, 2018

$77,710,000 in Low Cost, Tax-Exempt Financing Provided for California Lutheran University

Aug 16, 2018

The proceeds of the Bonds will be used to finance and refinance the acquisition, construction, improvement, renovation and equipping of the certain educational facilities of the Corporation, including related administrative facilities, site improvements, and parking, located on the Corporation’s main campus located at 60 West Olsen Road, Thousand Oaks, California 91360, including but not limited to construction of a new science building or, in the alternative, renovation, construction, improvement and equipping of educational facilities owned and operated by the Corporation, and development of educational facilities.

The bonds will also be used to refinance other outstanding bonds.

CMFA Financings Enable $33,000 in Contributions to California Nonprofits

Aug 10, 2018

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Two 501(c)(3) organizations received a total of $33,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.

The 2 well-deserving organizations include:

Injured Marine Semper Fi Fund

Stanford Youth Solutions

The CMFA PACE Program Issues $4,504,966 in Property Assessed Clean Energy Bonds

Aug 8, 2018

PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.

The CMFA issued another $4,504,966 in residential PACE bonds today.