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Archive for January, 2013

Nueva School Secures Tax-Exempt Debt Through the CMFA

Jan 3, 2013

Founded in 1967, the Nueva School is a nationally recognized independent school currently serving high-ability students in pre-kindergarten through eighth grade at the Hillsborough, CA campus.  Recently, the private school secured $40.0 million in tax-exempt bond financing through the CMFA.  Proceeds will be used to construct a new high school campus located in the Bay Meadows Development. 

The Nueva School plans to expand its curriculum to include high school beginning with 9th grade in September 2013 at a temporary location. The high school will add one grade level annually through the twelfth grade and will relocate in September 2014 to its permanent location in Bay Meadows. Along with the private high school, the master planned development includes residential home sites, LEED-certified office buildings, a traditional town square and main-street retail space.  All will be highly accessible to local transportation and easy freeway access.



Bridge Housing and CMFA Bring Quality Affordable Housing to the City of Chino

Jan 3, 2013

Bridge Housing is one of the country’s premier developers of affordable housing and master planned developments.  Bridge Housing continues to partner with the CMFA to bring affordable housing options to California’s communities. Ivy at College Park marks the two organization’s tenth partnership.

 Ivy at College Park is a new construction development of the larger College Park Community; a 710-acre Master Planned Community currently underway in the City of Chino. The Project will contain 135 affordable multi-family units in 10 two and three story garden style buildings.  Award-winning Bridge Housing is known for their innovative, comfortable designs and appointing their projects in ways that make their projects highly desirable to would-be residents.  The Ivy at College Park will include a computer lab and community space with a kitchen and media area, swimming pool and play area and picnic area with gas barbeque and an outdoor fireplace. The unit amenities will include central air, dishwasher, patio or balcony with storage, sliders and upgraded plank vinyl flooring.

USA Properties and the CMFA Partner on Affordable Housing Development in Placer County

Jan 3, 2013

USA Properties Fund, Inc. is a privately owned real estate development organization specializing in the creation of outstanding senior and family communities. Founded in 1981, USA Properties has been involved in the development, construction and acquisition/ rehabilitation of over 11,000 units of family and senior apartments in over 82 communities throughout California and Nevada.

Recently, the Roseville, CA developer partnered with the CMFA on their Terracina Oaks project.   Proceeds from the tax-exempt bond financing will finance the acquisition and rehabilitation of the 56 unit affordable family rental community.  Planned improvements on the six two-story complex includes refurbishing each unit’s kitchens, installation of Energy Star qualified appliances, energy efficient ceiling fans and lighting, as well as repairs and efficiency upgrades to in-unit plumbing fixtures, HVAC systems and water heaters. Improvement to the building exterior includes roof maintenance, siding repair and fresh paint.