Archive for December, 2011
Dec 28, 2011
The CMFA completed the issuance of $5,370,000 in tax-exempt private activity bonds benefitting St. John’s Well Child and Family Center located in the City of Los Angeles, Los Angeles County, California. St. John’s Well Child and Family Center provides needed healthcare to more than 100,000 patients in south Los Angeles. Proceeds from the low cost bonds were used to refinance existing debt associated with their 11 clinics.
Dec 28, 2011
The CMFA completed the issuance of $3,200,000 in tax-exempt private activity bonds benefitting Countryway and Midland Manor Apartments located in the City of Mendota, Fresno County, CA. Proceeds of the bonds will be used to acquire and rehabilitate a total of 79 affordable apartments for low-income residents.
Dec 28, 2011
The CMFA completed the issuance of $33,895,000 in tax-exempt private activity bonds benefitting Concordia University located in the City of Irvine, Orange County, California. Proceeds from the low cost bonds were used to refinance existing debt associated with the acquisition and construction of their educational facilities, student housing, and other facilities used by the university.
Dec 28, 2011
The CMFA completed the issuance of $3,250,000 in tax-exempt private activity bonds benefitting Valley Commons East located in the City of Grass Valley, Nevada County, CA. Proceeds will be used to acquire and rehabilitate 56 affordable apartments for low-income residents.
Dec 28, 2011
The CMFA completed the issuance of $54,085,000in tax-exempt private activity bonds benefitting Emerson University located in the City of Los Angeles, Los Angeles County, California. Proceeds from the low cost bonds were used to finance a major expansion of their Los Angeles campus and includes the construction, improving and equipping a new 10-story, 115,000 square foot facility which will include classrooms, administration, student housing, retail and subterranean parking.
Dec 28, 2011
The CMFA completed the issuance of $11,225,000 in tax-exempt private activity bonds benefitting Family Healthcare Network located in the Cities of Porterville and Visalia, County of Tulare, California. Family Heatlhcare Network is a licensed community clinic providing health care to 106,000 patients annually. Proceeds of the bonds will be used to construct two separate buildings housing medical exam rooms and dental operatories in the two cities.
Dec 28, 2011
The CMFA completed the issuance of $33,814,000 in tax-exempt private activity bonds. Proceeds from the bonds will be used for a major rehabilitation project for Satellite Housing. Glen Brook Terrace Apartments, Park Boulevard Apartments, Satellite Central, Doh On Yuen Apartments and Stuart Pratt Manor all provide affordable housing for seniors in Alameda County.
Dec 28, 2011
The CMFA completed the issuance of $10,000,000 in tax-exempt private activity bonds benefitting Poway Villas located in the City of Poway, San Diego County, CA. Proceeds will be used to acquire and rehabilitate 60 affordable apartments for low-income residents.
Dec 28, 2011
The CMFA completed the issuance of $3,300,000 in tax-exempt private activity bonds benefitting Conquistador Villa and Huron Garden Apartments located in the City of Huron, Fresno County, CA. Proceeds of the bonds will be used to acquire and rehabilitate a total of 76 affordable apartments for low-income residents.
Dec 28, 2011
The CMFA completed the issuance of $13,541,500 in tax-exempt private activity bonds benefitting Evergreen Apartments located in the City of Long Beach, Los Angeles County, CA. Proceeds of the bonds will be used to acquire and rehabilitate two project sites that will allow 78 families enjoy high quality affordable housing.
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