The CMFA PACE Program Issues $1,195,650 in Property Assessed Clean Energy Bonds

Feb 7, 2020

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 $1,195,650 in commercial PACE bonds today.

The CMFA Issues $33,172,838 in Low Cost, Tax-Exempt Financing for Coliseum Place Apartments

Jan 10, 2020

The Coliseum Place Apartments is a new construction project located in Oakland on a 0.47-acre site. The project consists of 58 restricted rental units, and 1 unrestricted manager unit. The project will have 11 one-bedroom units, 28 two-bedroom units, and 20 three-bedroom units. The building will be 6 stories. Common amenities include a large community room with a common kitchen, a lobby, property management offices, and resident services offices. Each unit will have a refrigerator and range. There are 27 parking spaces provided. The construction is expected to begin November 2019 and be completed March 2021.This development will provide the City of Oakland with 58 much needed units of affordable housing for the next 55 years.

CMFA Issues $45,000,000 in Tax-Exempt Financing for The Crossing at Montague Apartments

Nov 19, 2019

The Crossing at Montague Apartments is a refinancing of a multifamily project located in the City of Milpitas, California. Construction of the initial project was completed in 2002. The Project consists of 468 units in 16 buildings with a cumulative size of approximately 389,900 rentable square feet. 94 of the units are designated as affordable units. Amenities include a clubhouse, racquetball court, media center, heated swimming pool and spa, playground, picnic area and approximately 828 parking spaces for use by residential tenants. The refinancing of this project will continue to provide affordable housing for 94 low-income households in the City of Milpitas for the next 40 years.

The CMFA Completes $294,905,000 Financing for LAX United Airlines, Inc.

Nov 7, 2019

The CMFA issued $294,905,000 in bonds for the design, acquisition, development, construction, demolition of existing facilities, reconstruction, expansion, improvement, equipping and/or modification, as appropriate, of certain facilities to support the operations of United at LAX, including an aircraft maintenance and ground service equipment complex and certain other improvements, all comprising airport facilities within the meaning of Section 142(a)(1) of the Internal Revenue Code. 

The CMFA Completed the issuance of $19,010,000 in Bonds for Hollywood El Centro Apartments

Oct 29, 2019

The Hollywood El Centro Apartments project is an acquisition/rehabilitation of an 87-unit affordable housing community located at 6211 De Longpre Avenue, Los Angeles, CA. The project is made up of seven two-story garden-style residential buildings. The scope of renovations will include unit interior rehabilitation, including new carpet and flooring, new cabinets and countertops, new sinks, vanities, plumbing fixtures and appliances. Rehabilitation of the common area will include renovation of the existing community room with new furniture. Building envelope renovations will include painting and repairing of the building exterior, general site improvements, new landscaping and improvements to parking areas, walkways and site lighting. This financing will preserve 87 units of affordable housing for the City of Los Angeles for another 55 years.

The CMFA Issues $95,320,000 of Tax-Exempt Financing for the University of San Diego

Oct 17, 2019

Proceeds of the bonds will be used to finance and refinance the acquisition, construction, improvement, renovation and equipping of certain educational facilities and other appurtenant facilities and to refinance outstanding obligations of the University of San Diego which financed certain educational facilities and other appurtenant facilities , all of which are or to be located in the County of San Diego and owned and operated or to be owned and operated by the Borrower.

$49,000,000 in Low Cost, Tax-Exempt Financing Provided for Holy Names University

Sep 27, 2019

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. Also 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.

The CMFA Issues $23,526,864 in Tax-Exempt Financing for Bennett House Apartments

Sep 13, 2019

The Bennett House Apartments is an acquisition/rehabilitation of a 70-unit affordable housing project for families. The Project needs renovation to address certain unit, building and common area concerns. The units will be restricted to households earning 60% or less of area median income (AMI). Amenities include community garden, laundry facilities, community room, and computer lab. A community service coordinator will also be provided for residents. This financing will preserve 69 units of affordable housing for the Town of Fairfax for 55 years.

Automated People Mover at Los Angeles International Airport Wins Global Transport PPP of the Year Award.

Aug 5, 2019

The inaugural Global PPP of the Year Awards took place in Madrid at PPP 2025 in June. The finalists comprised each reigning project champion from the three regional Awards in London, New York and Sydney to go head-to-head for the coveted Global PPP of the Year Award. The CMFA was the Issuer for the Automated People Mover at Los Angeles International Airport, winner of the Global Transport PPP of the Year Award. 

Next Page »