Feb 17, 2016
The Las Palmas Apartments is an acquisition/rehabilitation of an existing tax credit project. Las Palmas Apartments was constructed in 1962 and is a 91-unit multifamily garden style low-rise Project located in San Leandro, California. This financing will preserve 77 units of affordable housing for the City of San Leandro for another 55 years.
Feb 10, 2016
Gindi Maimonides Academy was founded in 1968 to provide a superior and diverse educational experience for its students. The School began with fewer than 15 students and has grown to serve nearly 300 families and over 500 students. The proceeds of the Bonds will be used to finance and refinance the acquisition, construction, renovation, improvement and equipping of certain educational and other facilities located on the Academy’s main campus that is located in Los Angeles, California.
Feb 10, 2016
Marcus Garvey is an existing 22-unit project located in Oakland. Originally constructed in 1992, the structures and site are in need of significant rehabilitation to replace items that have exceeded their useful life. Hismen Hin-Nu Terrace Apartments, built in 1995, is an existing 92-unit project also located in Oakland, California.
Feb 5, 2016
The Copper Square Apartments is an affordable multifamily new construction project that will consist of a 204-unit housing community located in Lancaster, California. The proposed Project will be constructed on a 13.6-acre portion of a 19.48-acre vacant parcel in central Lancaster. The remaining acreage is reserved for future phased development. The Project, which will consist of nine three-story residential buildings, a single-story clubhouse building and 396 parking spaces; will house 201 tenant units and three manager’s units. All tenant units will be income restricted: 21 units at 50% Area Median Income (“AMI”) and 180 units at 60% AMI. The financing of this project will result in the creation of 201 affordable apartments for the next 55 years in the City of Lancaster.
Feb 1, 2016
The Roman Catholic Bishop of Orange, working closely with parents, founded Orange County’s first and only tri-parish elementary school. This school, which was the first new Catholic elementary school in Orange County in 15 years, opened in the fall of 1995. The Bonds will be used for the acquisition, construction, renovation, improvement and equipping of certain educational facilities, including related administrative facilities, site improvements, and parking, located in the City, including but not limited to construction or renovation of facilities for classroom instruction in science, technology, engineering, arts and mathematics to be located on the Campus.