Archive for August, 2021

The CMFA Completes the Issuance of $34,470,000 in Bonds for California Institute of the Arts

Aug 14, 2021

The CMFA Completes the Issuance of $34,470,000 in Bonds for California Institute of the Arts to finance and refinance the acquisition, construction, improvement, renovation and equipping of educational facilities located in the cities of Santa Clarita, South Pasadena, and Los Angeles, County of Los Angeles, California. The proposed project will help expand CalArts educational and service offerings in Los Angeles County. 

The CMFA Completes the Issuance of $20,592,443 in Bonds for Posada De Colores

Aug 13, 2021

The CMFA Completes the Issuance of $20,592,443 in Bonds for Posada De Colores to finance affordable multi-family rental housing facilities located in the city of Oakland, Alameda County, California. The Posada de Colores Apartments is an acquisition/rehabilitation of an existing affordable housing multifamily project. The project is a 100-unit multifamily residential rental facility located at 2221 Fruitvale Avenue, Oakland, CA. 

The CMFA Completes the Issuance of $12,295,000 in Bonds for La Maestra Community Health Centers

Aug 5, 2021

The CMFA Completes the Issuance of $12,295,000 in Bonds for La Maestra Community Health Centers to finance and refinance certain facilities located in the cities of El Cajon, National City and San Diego, County of San Diego, California. The Corporation has been providing programs and services to more than 45,000 individuals annually. Of these, 84% of patients were living at or below 200% of the federal poverty level and 57% preferred to be provided care in a language other than English.

The CMFA Completes the Issuance of $20,570,000 in Bonds for University of the Pacific

Aug 3, 2021

The CMFA Completes the Issuance of $20,570,000 in Bonds for University of the Pacific to finance and refinance the acquisition, construction, improvement and equipping of certain educational facilities located in the cities of Sacramento, San Francisco, Stockton and Union City, Counties of Alameda, Sacramento, San Francisco and San Joaquin, California. The savings the University will capture as a result of refunding the debt will allow the University to invest more of its annual operating budget in the University programs, which will allow it to further its mission to provide a superior, student-centered learning experience integrating liberal arts and professional education and preparing individuals for lasting achievement and responsible leadership in their careers and communities.

The CMFA Completes the Issuance of $15,000,000 in Bonds for Parkwood Apartments

Aug 3, 2021

The CMFA Completes the Issuance of $15,000,000 in Bonds for Parkwood Apartments to finance an affordable multi-family rental housing facility located in the city of Santa Rosa, County of Sonoma, California. A total of 54 low-income households will continue to be able to enjoy high quality, independent, affordable housing in the City of Santa Rosa for another 55 years.