Aug 8, 2012
Children’s Day School, Inc.’s is an independent, co-educational day school offering a quality education for children aged pre-K to 8th grade. Located in San Francisco, CA the school recently turned to the CMFA to assist them with the financing of their existing school site. Proceeds will also be used to acquire a nearby site. The new site will allow the school to expand their outdoor learning curriculum as well as remove and replace temporary classrooms used for their Pre-K students.
Aug 8, 2012
EAH Housing, Inc. is one of the oldest and most respected developers/managers of affordable housing in the Western U.S. CMFA recentlyissued over $18.0 million in tax-exempt debt for the non-profit developer. Proceeds of the low cost financing will be used to acquire and rehabilitate Shelter Hill Apartments in Mill Valley. The 77 unit apartment building was originally constructed in 1975. Residents will enjoyan extensive upgrade on the Shelter Hill development. Improvements include exterior re-siding and repainting, resurfacing of driveways and parking lot areas, new roofs, interior painting of all units and replacing counters, cabinets and appliances in kitchens, repairs to bathrooms, enhanced internet and cable, and seismic strengthening for all buildings throughout the development. The renovation will result in reduced energy costs with the installation of new efficient windows in all units. In addition, EAH will be adding solar photovoltaic panels that will supply a portion of the development’s common area power needs.
Aug 8, 2012
The mission of the Orthopaedic Hospital is to provide outstanding care for patients with musculoskeletal disorders, and, through the support of Los Angeles Orthopaedic Hospital Foundation to provide care for children regardless of ability to pay and to advance care worldwide for all musculoskeletal patients through scientific research and medical education. The CMFA recently assisted in the $42.0 million refinancing for these two non-profit entities. Proceeds from the bonds will be used to refinance the debt associated with the acquisition, construction, improvement and equipping of their world-class research facility and outpatient health services center.
Aug 8, 2012
North County Solutions for Change was founded in 1999. The Vista, CA- based non-profit is working to aid family homelessness. Developer, Chelsea Investments is consulting and lending their resources and considerable expertise to assist in the acquisition rehabilitation of Vista Terrace Apartments. The project when completed will be targeted to serve and house 47 homeless and disabled families. Residents of the Vista Terrace Apartments will enjoy both new kitchens, bathrooms, flooring and fresh paint. The exterior will also be updated and include a new roof. Residents will enjoy the site’s close proximity to public transportation and local stores.
Jun 15, 2012
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. There were several non-profit 501(c)(3) organizations that received grants totaling $250,000 from the California Foundation for Stronger Communities with funds donated by the CMFA.
The deserving organizations include:
John Tracy Clinic for the Deaf is a leading diagnostic and education center for young children with hearing loss. An average of 25,000 people benefit from their renowned audiology, education and support services each year.
Barrio Logan College Institute promotes the pursuit of higher education for students who are traditionally underrepresented in college through after school programs that begin in 3rd grade and extend through college completion.
Courage to Be You provides a safe group home setting for minor girls aged 11-17 who are victims of commercial sexual exploitation. The organization was founded in 2005 to help young women discover their purpose in life. A large percentage of girls in the sex traffic trade were abused or neglected by their own family. Founder, Jenny Williamson states, “The girls’ families have failed them and it’s up to the community to be their family—to protect them and help them find their sense of purpose again.”
Desert Samaritans hascared for tens of thousands of seniors that other organizations have not been able to help. Their mission is to ensure the financial, physical and psychological well-being of seniors in the Coachella Valley through effective social service programs.
Serene Haven, Inc. is a LosAngeles-based non-profit which supports returning military veterans that are currently disabled and/or dislocated. The mission of Serene Haven is to help those that are in need of transitional and/or permanent housing and critical services, due to life challenges faced, after returning home from service.
Casa Cornelia Law Center provides free legal services to immigrants who cannot afford legal representation but have legitimate claims to immigration relief in three program areas: women and children who are victims of domestic violence, victims of persecution seeking asylum, and unaccompanied children. The non-profit’s efforts have been recognized by the United Nations, the State Bar of California, the Vera Institute for Justice, and the City of San Diego Human Relations Commission, among others.
Helping Our Mentally Ill Experience Success, Inc.(HOMES) is a non-profit that provides housing and support systems for adults with persistent mental health disabilities with a special emphasis on homeless mentally ill adults.
Festival of the Arts – Youth Art Program is California’s original open-air art gallery. Founded in 1932, the non-profit works to promote and sustain the fine arts. A grant was awarded to assist in the funding of youth summer art programs.
Liberty Hill Foundation advances movements for social change through a strategic combination of grants, leadership training and alliance building.
Deaf Senior Foundation works tocreate programs that will support the varied needs and interests of a diverse deaf and hard-of-hearing population within the Palm Springs and Coachella Valley region.
Kheir Center Medical Clinic is committed to providing linguistically and culturally-sensitive primary healthcare and human services support to the underserved and uninsured residents of Southern California. In addition to their affordable senior apartments, two adult daycare facilities and human services department, Kheir also is the nation’s only community clinic offering medical assistance in Korean, Spanish and the English language.
New Day for Children is anAlamo, California-based non-profit that works with law enforcement, social services, and educational institutions to assist in the rehabilitation of children escaping sex trafficking.
The Teen Project is avolunteer centric non-profit that provides support and services to foster youth aging out of the foster system.
The Gathering Inn is a group of 23 churches that joined forces in 2004 to provide a viable solution to the homeless population in the area. Today, they offer hope, dignity and a secure place to rest at night. In addition, the Roseville, California-based organization provides a wide range of services that help clients get back on their feet again.
Volunteer Center Orange County assists other non-profits through training and education, providing volunteers and business services. For the past 50 years, Volunteer Center Orange County (VCOC) has been a Community Service Hub.
Amino Oscar De La Hoya Charter Schoolis a Los Angeles-based Charter School for approximately 550 students.
Jun 15, 2012
The CMFA successfully closed a $ 24,035,000 tax-exempt financing for Santa Rosa Academy. The Charter School serves students in southwest Riverside County. Proceeds will be used to construct and enhance a new expanded campus that will allow for the consolidation of two school sites.
Jun 15, 2012
The CMFA successfully facilitated a $22,000,000 tax-exempt financing for the BloodSource, Inc. Founded in 1948, the non-profit provides a readily available, safe blood supply to over 40 hospitals in 25 Northern California counties. Proceeds from the financing will help reduce the organization’s overall interest costs associated with the acquisition of their headquarters and capital improvements.
Jun 15, 2012
The CMFA successfully closed a $15,172,020 tax-exempt financing for Burbank Housing Development Corporation, a non-profit public benefit corporation. Proceeds from the financing will be used to construct 65 Affordable Apartments for low-income families and individuals in Petaluma, California.
Jun 15, 2012
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. A total of three non-profit 501(c)(3) organizations received a total of $25,000 in grants from the California Foundation for Stronger Communities with funds donated by the CMFA:
• The Oak Grove Institute Foundation provides 24-hour residential and educational treatment center for mentally disabled children.
• The Dangerfield Institute of Urban Problems is a Los Angeles-based non-profit that supports qualified foster parents to provide safe, caring and nurturing environments to children waiting for placement.
• The SJB Child Development Centers offers quality education-based child care to low and moderate income families in Santa Clara County.
Jun 15, 2012
The CMFA successfully closed a $3,800,000 tax-exempt financing for Satellite Housing, Inc., to acquire and rehabilitate the Kenneth Henry Court Apartments located in the City of Oakland, California. The developer is committed to quality, enduring, attractive, and affordable housing for low-income seniors, families, and special needs populations. The project will provide 51 affordable rental housing apartments.
