Feb 27, 2020
The CMFA’s Bond Opportunities for Land Development (BOLD) Program has been designed to help both developers and local public agencies in California finance public infrastructure needed for new development using municipal bonds issued by the CMFA. While each bond issue is structured to meet particular credit parameters, the program offers great flexibility to accommodate varying needs of developers as they build better communities.
Feb 24, 2020
The financing of this project will result in preserving affordable housing for 130 low-income households in the City of Escondido for another 55 years.
Feb 13, 2020
The Cottage Village Senior Apartments is a new construction project that will create 47-units of multifamily senior affordable housing with one manager unit. All units will be restricted to households earning 60% or less of AMI. The project will enable local seniors to continue to reside in the City of Manteca in a comfortable community. The form and density of the upcoming project will fit nicely into the existing community. With a relatively level site, the majority of the units will be ground level to better accommodate the seniors that will reside there. There will be energy efficient windows, energy efficient heating and cooling systems. Common areas, laundry rooms, library, exercise room and a gate and security systems. Amenities include a community room with full kitchen, exercise room, TV room, billiards room, computer room, library, ADA bathrooms, barbeque picnic areas and onsite management team. The financing of this project will result in the creation of affordable housing for 46 low-income senior households in the City of Manteca for the next 55 years.
Feb 13, 2020
The proceeds of the Bonds will be used for the acquisition and renovation of an existing mobile home park located at 2250 Chestnut Avenue, in the City of San Bernardino, California and to pay certain expenses incurred in connection with the issuance of the Bonds. This financing will provide 70 units of affordable housing in the City of San Bernardino.
Feb 7, 2020
PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.
The CMFA issued another $1,195,650 in commercial PACE bonds today.