Archive for December, 2021

The CMFA Completes the Issuance of $68,000,000 in Bonds for Little Tokyo Towers

Dec 30, 2021

The CMFA Completes the Issuance of $68,000,000 in Bonds for Little Tokyo Towers to finance affordable multi-family rental housing facilities located in the city of Los Angeles, Los Angeles County, California. A total of 300 households will continue to be able to enjoy high quality, independent, affordable housing in the City of Los Angeles, California for the next 55 years.

The CMFA Completes the Issuance of $9,110,000 in Bonds for BOLD Series 2021 – Barrett Ranch East – Phase 2

Dec 22, 2021

The CMFA Bond Opportunities for Local Development (BOLD) program issues $9,110,000 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 $6,820,000 in Bonds for BOLD Series 2021C

Dec 22, 2021

The CMFA Bond Opportunities for Local Development (BOLD) program issues $6,820,000 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 $2,100,000 in Bonds for BOLD Series 2021C – Auburn Duets

Dec 22, 2021

The CMFA Bond Opportunities for Local Development (BOLD) program issues $2,100,000 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 $6,080,000 in Bonds for BOLD Series 2021C – Mendes

Dec 22, 2021

The CMFA Bond Opportunities for Local Development (BOLD) program issues $6,080,000 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 $1,245,000 in Bonds for BOLD Series 2021C – The Glen at Granite Bay

Dec 22, 2021

 The CMFA Bond Opportunities for Local Development (BOLD) program issues $1,245,000 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 $14,320,000 in Bonds for Southwestern Law School

Dec 21, 2021

The CMFA Completes the Issuance of $14,320,000 in Bonds for Southwestern Law School to finance educational facilities located in the City of Los Angeles, Los Angeles County, California. The proposed financing will provide additional operational flexibility for the Borrower, realizing significant savings from the refinancing of existing bonds, which will further afford the Borrower
the ability to retain staffing levels and enhance student enrollments.

The CMFA Completes the Issuance of $66,435,000 in Bonds for Caritas 2021

Dec 17, 2021

The CMFA Completes the Issuance of $66,435,000 in Bonds for Caritas 2021 to finance and refinance the acquisition, construction, and improvement of mobile home parks and other affordable multifamily housing facilities located in the City of Indio, County of Riverside, California. Caritas, as a nonprofit, unites people with a purpose to preserve affordable communities that uplift and empower its residents. With the increasing number of households on fixed or limited incomes and with the scarcity of reliable, long-term, reasonably priced housing in California, Caritas endeavors to create vibrant communities where resident involvement and caring are priorities. In addition to keeping costs down, Caritas works to provide experienced and responsive management of its properties. Residents and Caritas work together to meet ongoing needs, resolve problems and enhance the quality of life throughout its communities.

The CMFA Completes the Issuance of $438,770,000 in Bonds for CMC – 21

Dec 16, 2021

The CMFA Completes the Issuance of $438,770,000 in Bonds for CMC – 21 to finance / refinance acute care hospital facilities located in the cities of Clovis and Fresno, Fresno County, California. The CHCC financing will improve CHCC’s capacity to provide life savings services to patients in the Central Valley. The refinancing of CHCC’s existing debt will reduce the cost of capital for CHCC allowing them to both improve operating cash flow and realize present value savings. The reduced cost of capital will enable CHCC to redirect dollars that were going to pay capital costs back into facility improvements.