Jun 15, 2012
The CMFA recently assisted Hitzke Development Corporation by facilitating the $4,200,000 tax-exempt financing of an acquisition and rehabilitation project in Imperial Beach. The mixed-use project will provide 29 affordable apartments for those with low to very low income levels as well as a meeting facility for the American Legion Post.
Jun 15, 2012
The CMFA recently completed a $23,050,000 financing for the Goodwill Industries of Sacramento Valley & Northern Nevada, Inc. Goodwill Sacramento is a community-based, nonprofit organization that provides jobs for the disabled, disadvantaged and disenfranchised in the Sacramento Valley and Northern Nevada.
Jun 15, 2012
The CMFA successfully closed a $ 2,100,000 tax-exempt financing for Star Holding. The low-cost financing will be used to acquire and rehabilitate Yucca Trails Apartments located near Joshua Tree, California. The complex consists of 49 one and two-bedroom apartments for low income residents in San Bernardino County.
Jun 15, 2012
The CMFA successfully closed a $ 14,200,000 tax-exempt financing for EAH Housing. EAH serves over 15,000 seniors, families, students, people with disabilities, frail elderly and the formerly homeless. The low-cost financing will be used to acquire and rehabilitate Los Robles Apartments in Union City, California. The complex consists of 19 two-story buildings and will be home to more than 140 low income families.
Jun 15, 2012
The CMFA successfully closed a $44,515,000 tax-exempt financing for Caritas Corporation, a non-profit public benefit corporation. Proceeds from the financing will be used to acquire and complete capital improvements on three separate mobile home parks located in Vacaville, Newcastle and Lancaster, California.
Jun 15, 2012
The CMFA recently closed a $6,100,000 financing for Campbell Christian Schools. The school serves pre-school and school-age students in Silicon Valley. Proceeds will be used to complete the construction and equipping of a new educational facility and improve and enhance the entire campus.
Jun 15, 2012
The CMFA recently completed a $4,500,000 tax-exempt financing for East Bay Asian Local Development Corporation. Proceeds from the bonds will be used to acquire and refurbish a multifamily rental housing project in the City of Oakland, California. The project known as Drasnin Manor will consist of 26 one, two and three-bedroom units that will provide quality housing for low and very low income residents.
Jun 15, 2012
The CMFA recently closed a $26,200,000 financing for Wasatch Properties. Proceeds from the low-cost financing will be used to acquire and rehabilitate Piedmont Apartments located in the City of Oakland, CA. The project will include a mix of studios and one-bedroom units for residents earning at or below 50% and 60% of Area Median Income.