The CMFA Issues $3,500,000 in Low Cost, Tax-Exempt Financing for Empire Springs Charter Schools

Jun 25, 2020

Empire Springs Charter School was created and is operated by parents. Their talented teachers work hard to incorporate a rich diversity of skills development, curriculum, and extracurricular activity into each day. Their staff works hard to direct the school’s resources where the students need them most. As a charter school, they are part of the solution to a better education system. They are dedicated to ensuring that no student is left behind.

CMFA Completes the Issuance of $45,000,000 in Bonds for Harbor Day School

Jun 2, 2020

Harbor Day School is a co-educational private independent K-8 school established in 1952. Harbor Day School provides an academically challenging, well-balanced education in a nurturing, family-centered environment. Their traditional, yet innovative, curriculum develops eager, confident learners who think creatively and work collaboratively. The campus project will allow them to continue to fulfill their mission.

CMFA Issues $13,115,700 in Tax-Exempt Financing for Woodbridge Apartments

May 28, 2020

The planned renovations will improve the safety, aesthetics and sustainability of the property for residents and neighbors alike, by addressing all urgent building issues, completing comprehensive interior and exterior renovations and creating a more sustainable property. The financing of this project will result in the retention of affordable housing for 47 low income households in the City of Long Beach for the next 55 years.

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.

CMFA Completes the Issuance of $105,000,000 in Bonds for Virginia Street Studios Apartments

Mar 31, 2020

Virginia Street Studios will provide affordable housing for seniors earning up to 60% of the area median income for Santa Clara County. The units will be newly constructed apartments in a six-story residential building serviced with elevators. This financing will provide 295 units of affordable housing in the City of San Jose for the next 55 years.

The CMFA Issues $20,035,971 in Low Cost, Tax-Exempt Financing for Amaya Village Apartments

Mar 23, 2020

The Amaya Village Apartments project is the new construction of an 81-unit affordable multi-family housing development. The development is located at 1525 Park Boulevard, in the City of Orange Cove. The project will consist of nine 2-story residential buildings and a single-story community building. On-site amenities will include a playground, swimming pool and covered parking. This financing will create 80 units of affordable housing for the City of Orange Cove for the next 55 years.

CMFA Issues $61,675,000 in Tax-Exempt Financing for Clinicas del Camino Real

Mar 19, 2020

Clinicas is a safety net provider (a provider to all regardless of the ability to pay) and as a safety net provider, provides a full range of outpatient health care services, including pediatrics, obstetrics/gynecology, family practice, internal medicine, dental, podiatry, mental health services, chiropractic services, telehealth, optometry, preventative care, women’s health, x-ray and physical medicine and rehabilitation. Specific services available vary from location to location.

The CMFA Bond Opportunities for Local Development (BOLD) Program issues $7,685,000 in Special Tax Revenue Bonds

Feb 27, 2020

The CMFA’s Bond Opportunities for Land Development (BOLD) Program has been designed to help both developers and local public agencies in California finance public infrastructure needed for new development using municipal bonds issued by the CMFA. While each bond issue is structured to meet particular credit parameters, the program offers great flexibility to accommodate varying needs of developers as they build better communities.

The CMFA Issues additional $2,000,000 of Tax-Exempt Financing for Cottage Village Senior Apartments

Feb 13, 2020

The Cottage Village Senior Apartments is a new construction project that will create 47-units of multifamily senior affordable housing with one manager unit. All units will be restricted to households earning 60% or less of AMI. The project will enable local seniors to continue to reside in the City of Manteca in a comfortable community. The form and density of the upcoming project will fit nicely into the existing community. With a relatively level site, the majority of the units will be ground level to better accommodate the seniors that will reside there. There will be energy efficient windows, energy efficient heating and cooling systems. Common areas, laundry rooms, library, exercise room and a gate and security systems. Amenities include a community room with full kitchen, exercise room, TV room, billiards room, computer room, library, ADA bathrooms, barbeque picnic areas and onsite management team. The financing of this project will result in the creation of affordable housing for 46 low-income senior households in the City of Manteca for the next 55 years.

CMFA Completes the Issuance of $8,345,000 in Bonds for Royal York Estates Mobile Home Park

Feb 13, 2020

The proceeds of the Bonds will be used for the acquisition and renovation of an existing mobile home park located at 2250 Chestnut Avenue, in the City of San Bernardino, California and to pay certain expenses incurred in connection with the issuance of the Bonds. This financing will provide 70 units of affordable housing in the City of San Bernardino.

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.

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