Archive for September, 2021

The CMFA Completes the Issuance of $7,150,000 in Bonds for BOLD Series 2021B

Sep 30, 2021

The CMFA Bond Opportunities for Local Development (BOLD) program issues $7,150,000 in special tax revenue bonds. 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.

The CMFA Completes the Issuance of $45,137,515 in Bonds for Anaheim & Walnut 2021

Sep 30, 2021

The CMFA Completes the Issuance of $45,137,515 in Bonds for Anaheim & Walnut 2021 to finance the development of affordable multi-family rental housing in the city of Long Beach, Los Angeles County, California. A total of 87 households will be able to enjoy high quality, independent, affordable housing in the City of Long Beach for the next 55 years.

The CMFA Completes the Issuance of $120,000,000 in Bonds for HumanGood 2021

Sep 29, 2021

The CMFA Completes the Issuance of $120,000,000 in Bonds for HumanGood 2021 for financing the acquisition, construction, furnishing and equipping of certain senior living communities located in the cities of Oakland, Redlands, Santa Barbara, Bakersfield, Fresno, Irvine, Glendale and Duarte, Counties of Alameda, San Bernardino, Santa Barbara, Kern, Fresno, Orange, Los Angeles, Santa Clara and San Diego, California. HumanGood operates multiple locations that care for individuals and their families. This transaction will help to continue that care and reduce the fiscal burden from the debt that they are carrying with lower rates and better terms.

The CMFA Completes the Issuance of $25,000,000 in Bonds for Silicon Valley International School

Sep 29, 2021

The CMFA Completes the Issuance of $25,000,000 in Bonds for Silicon Valley International School for financing and refinancing the acquisition, construction, improvement, renovation and equipping of sducational facilities and felated facilities located in the cities of Palo Alto and Menlo Park, Counties of Santa Clara and San Mateo, California. The refinancing component of the 2021 project will result in significant debt service savings to the School, allowing it to further invest in its educational programs, the delivery of its mission, and its overall financial sustainability. The new money component of the 2021 project will fund the School’s proposed capital improvements that are focused on the Willows Campus, expanding and enhancing the Willows Campus to house INTL’s Early Years Program students for the 2021-22 academic year and eventually providing expanded Middle and High School buildings.

The CMFA Completes the Issuance of $16,285,000 in Bonds for Albert Einstein Academies

Sep 23, 2021

The CMFA Completes the Issuance of $16,285,000 in Bonds for Albert Einstein Academies to finance the acquisition, construction, improvement, renovation and equipping of educational facilities located in the city of San Diego, County of San Diego, California. The goal of Albert Einstein Academies to be able to meet the needs of the student throughout San Diego County in an innovative and resourceful way that provides rigorous educational options that its students may otherwise not have without their uniquely International Baccalaureate Program. As part of their program, the school’s culture links academic excellence with positive action through service. The students participate in many forms of community service including the development and implementation of a Community Service Project that will benefit the local community and allow the student to look beyond themselves to make a difference in the world.

The CMFA Completes the Issuance of $12,000,000 in Bonds for Lycee Intl De Los Angeles

Sep 21, 2021

The CMFA Completes the Issuance of $12,000,000 in Bonds for Lycee Intl De Los Angeles to finance and refinance the acquisition, construction, improvement, equipping and maintenance of educational facilities for Lycée Français de San Francisco, located in the Cities of San Francisco and Sausalito, Counties of San Francisco and Marin, California. The current refinancing will result in significant debt service savings to the School, allowing it to further invest in its educational programs, the delivery of its mission, and its overall financial sustainability. Further, LFSF educates a diverse population of students through its rigorous French language immersion program based on the French National Curriculum, through which students are able to develop the superior critical thinking abilities and mental flexibility associated with being bilingual.

The CMFA Completes the Issuance of $12,375,000 in Bonds for Casa Manana Inn

Sep 13, 2021

The CMFA Completes the Issuance of $12,375,000 in Bonds for Casa Manana Inn to finance affordable multi-family rental housing facility located in the city of Stockton, San Joaquin County, California. A total of 161 households will be able to enjoy high quality, independent, affordable housing in the City of Stockton for the next 55 years. 

The CMFA Completes the Issuance of $30,580,000 in Bonds for Open Door Community Health Centers

Sep 8, 2021

The CMFA Completes the Issuance of $30,580,000 in Bonds for Open Door Community Health Centers to finance healthcare facilities located in the cities of Arcata, Fortuna and Eureka, Humboldt County, California. Open Door Community Health Centers provides quality medical, dental and mental health care and health education to all people on California’s North Coast, regardless of financial, geographic or social barriers.

The CMFA Completes the Issuance of $94,871,702 in Bonds for Midway Village Phase I

Sep 3, 2021

The CMFA Completes the Issuance of $94,871,702 in Bonds for Midway Village Phase I to finance affordable multi-family rental housing facility located in Daly City, San Mateo County, California. A total of 147 low-income households will be able to enjoy high quality, independent, affordable housing in the City of Daly City, California for the next 55 years.