Archive for April, 2020

CMFA Completes the Issuance of $9,000,000 in Bonds for Kensington Homes Apartments

Apr 29, 2020

A total of 50 households will be able to enjoy high quality, independent, affordable housing in the City of Lancaster. On-site social services for chronically homeless residents will be provided by Ocean Park Community Center Aka The People Concern. The construction of this project will provide affordable living for the chronically homeless in the City of Lancaster for 55 years.

The CMFA Issues $18,425,000 in Low Cost, Tax-Exempt Financing for Inland Christian Home

Apr 27, 2020

The Corporation provides a range of senior care services to meet the needs of older citizens in its community, including independent living, assisted living and skilled nursing. With the completion of this transaction the Inland Christian Home will be able to continue to offer superior care for the people that rely on their services.

CMFA Completes the Issuance of $20,000,000 in Bonds for The Buckley School

Apr 7, 2020

The Buckley School’s extensive program of community service engages students in local and global communities through their support of causes, agencies, and individuals in need. Activities as varied as natural habitat restoration, food drives, fundraising for disaster relief, math mentoring, and shelter animal care, enable students to enrich the world around them. Community Service brings critical elements of Buckley’s mission to life and actively supports the development of well-rounded individuals through ethical education.

CMFA Issues $12,200,000 in Tax-Exempt Financing for Altrudy Lane Senior Apartments

Apr 7, 2020

The project will utilize sustainable building methods such as “low-E” windows, grass bio swales, filterra units, and solar panels to service common area electricity, water saving plumbing fixtures, formaldehyde-free insulation, and will vent all kitchen range hoods and bathroom fans to the exterior of the building. The construction is expected to begin April 2020 and be completed in July 2021. This financing will create 39 units of affordable housing for the City of Yorba Linda for the next 55 years.