CMFA Completed the issuance of $18,000,000 in Bonds for Goodwill Central Coast

Goodwill Central Coast (“GCC”) is a California nonprofit public benefit corporation that was founded in 1953. GCC’s charitable programs include assisting disabled and disadvantaged persons residing in the Santa Cruz, Monterey and San Luis Obispo Counties to obtain job training, employment services and employment.

GCC began operations in the city of Santa Cruz in 1928 as a mission of the San Francisco Goodwill before separately incorporating in 1953. Today, GCC has expanded into three counties and eighteen stores, twenty-five attended donation centers, five donation processing centers, four career centers and two schools.

The proceeds will be used for the purposes of: (i) refinancing 2008 bonds, which bonds financed acquisition, construction and equipping of a training facility for disabled and disadvantaged persons and a retail store owned by the Borrower and located at 1550 41st Avenue, Capitola, California, (ii) financing costs of acquisition, renovation and equipping of an approximately 98,000 square foot building to be owned by the Borrower and located at 1566 Moffett Street in Salinas, California, within Monterey County, California, to house the Borrower’s administrative headquarters as well as serve as its primary hub for material handling, bulk sales, processing and distribution

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