The CMFA Completes a $1,181,525,000 Financing for LAX Integrated Express Solutions, LLC

Jun 8, 2018

The CMFA issued $1,181,525,000 in one or more series of bonds, notes, certificates or other obligations for the design, acquisition, construction, reconstruction, development, expansion, improvement, equipping and/or modification of certain capital improvements relating to the 2.25 mile long automated people mover train system (the “Project”), running from a consolidated rental car facility to be constructed located near La Cienega Boulevard and the 405 Freeway and terminating at the Tom Bradley International Terminal at LAX in the City of Los Angeles, California, which will be owned and operated by the Department. The Project will include, among other things, approximately 2.25 miles of elevated guideway, passenger cars that will travel along the guideway transporting passengers to and from LAX, six passenger stations (three located inside the Central Terminal Area (“CTA”) at LAX and three located outside the CTA), pedestrian passenger walkway structures connecting the stations inside the CTA with the terminals at LAX, parking garage improvements, a maintenance and storage facility (to be located east of Airport Boulevard between Arbor Vitae and 96th Street), various utility and roadway improvements, and certain other improvements related to the Project.

$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.

CMFA Completed the issuance of $26,915,000 in Bonds for the Asian Community Center of Sacramento Valley

Jul 26, 2018

The CMFA Completed the issuance of $26,915,000 in bonds for the Asian Community Center of Sacramento Valley. The proceeds of the Bonds will be used to finance the construction of the Corporation’s ACC Maple Tree Court Assisted Living and Memory Care Center, an approximately 64,082 square foot facility including 38 studios and 34 one-bedroom assisted living units, 30 memory care living units and support services, to be located at 7599 Maple Tree Way in Sacramento, California.

The CMFA PACE Program Issues $5,996,664 in Property Assessed Clean Energy Bonds

Jul 24, 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 $5,996,664 in residential PACE bonds today.

The CMFA Works with Spira Equity Partners to Finance Affordable Housing with Tax-Exempt Financing of $13,475,000

Jul 20, 2018

The CMFA issued $13,475,000 in tax-exempt bonds to finance the acquisition and rehabilitation of Park Manor Apartments.

Park Manor Apartments is an existing project located in Hayward on a 2.34-acre site. The project consists of 80 restricted rental units and one unrestricted manager unit. All 81 units of the project are two-bedroom units. The renovations will include building exterior and interior upgrades. Building exterior and interior renovations will consist of new lighting, installation of artificial turf, stucco repairs, new roofing and canopies, window and door replacements, replacement of smoke and CO1 detectors, installation of trash compactors, new downspouts, seismic retrofits and a fresh coat of paint. Individual apartment units will be updated with new doors and windows, new in-unit wall mount heaters, new vinyl plank flooring, carpet in the bedrooms, kitchen countertops, kitchen and bathroom cabinets, new bathroom fixtures, toilets and garbage disposals. Common or site area renovations will consist of updating accessibility for ADA compliance, concrete repairs, common area updates and landscaping. The rehabilitation is expected to begin in July 2018 and be completed in March 2019. This financing will retain 80 units of affordable housing in the City of Hayward for the next 55 years.

CMFA Financings Enable $15,000 in Contributions to California Nonprofits

Jul 20, 2018

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Three 501(c)(3) organizations received a total of $15,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.

The 3 well-deserving organizations include:

Alturas Veterans Family & Friends

Plumas Crisis Intervention and Resource Center

Siskiyou Opportunity Center

The CMFA PACE Program Issues $2,530,430 in Property Assessed Clean Energy Bonds

Jul 12, 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 $2,530,430 in residential PACE bonds today.

CMFA Issues Tax-Exempt Financing for Bella Mente Montessori Academy

Jul 11, 2018

The CMFA issued 15,970,000 in tax-exempt bonds for Bella Mente Montessori Academay. The proceeds of the Bonds will be used to finance or refinance the costs of the acquisition, construction, improvement, renovation and equipping of land and charter school facilities located at 1737 West Vista Way, 155 North Emerald Drive and 221 North Emerald Drive, all in Vista, California 92083, reimbursing the Borrower for costs incurred in connection with the Facilities.

CMFA Financings Enable $200,000 in Contributions to California Nonprofits

Jun 29, 2018

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Fifteen 501(c)(3) organizations received a total of $200,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.

The 15 well-deserving organizations include:

Boys and Girls Club of Menteca and Lathrop

Calicinto Ranch, Inc.

Claddagh Fund Charities Inc.

Community Youth Ministries

Covenant House California, Inc.

Creativity Explored

Food for People Inc.

Food on Foot

Forget Me Not Farm Children’s Services

Give Every Child A Chance

Majaree Mason Center, Inc.

Operation Care and Comfort

Operation Safe House, Inc.

St. Vincent de Paul Village, Inc. dba Father Joe’s Villages

The Lytle Creek Community Center

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