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Archive for November, 2019

CMFA Issues $45,000,000 in Tax-Exempt Financing for The Crossing at Montague Apartments

Nov 19, 2019

The Crossing at Montague Apartments is a refinancing of a multifamily project located in the City of Milpitas, California. Construction of the initial project was completed in 2002. The Project consists of 468 units in 16 buildings with a cumulative size of approximately 389,900 rentable square feet. 94 of the units are designated as affordable units. Amenities include a clubhouse, racquetball court, media center, heated swimming pool and spa, playground, picnic area and approximately 828 parking spaces for use by residential tenants. The refinancing of this project will continue to provide affordable housing for 94 low-income households in the City of Milpitas for the next 40 years.

The CMFA Completes $294,905,000 Financing for LAX United Airlines, Inc.

Nov 7, 2019

The CMFA issued $294,905,000 in bonds for the design, acquisition, development, construction, demolition of existing facilities, reconstruction, expansion, improvement, equipping and/or modification, as appropriate, of certain facilities to support the operations of United at LAX, including an aircraft maintenance and ground service equipment complex and certain other improvements, all comprising airport facilities within the meaning of Section 142(a)(1) of the Internal Revenue Code.