Author Archive

The CMFA Completed the Issuance of $55,900,000 in Bonds for American Gold Star Manor Apartments

Apr 12, 2016

Abode Communities completed the issuanceĀ of $55,900,000 of tax-exempt bonds to finance the acquisition and rehabilitation of a 348-unit multifamily housing residential facility located at 3021 North Gold Star Drive in the City of Long Beach, California, and to be commonly known as American Gold Star Manor. A total of 337 senior households will continue to be able to enjoy high quality, independent, affordable housing in the City of Long Beach. Amenities provided will include a large community room, gym, computer lab, pool and hot tub. The project will provide services such as the use of a Van for trips to various stores and amenities nearby. The rehabilitation of this project will continue to provide affordable senior living in the City of Long Beach for 55 years.

The CMFA Completes Cost Effective Financing for Xavier College Preparatory High School

Apr 12, 2016

The CMFA issued bonds for the Xavier College Preparatory High School The proceeds of the Bonds will be used by Xavier College Preparatory High School to refinance the $6,000,000 outstanding principal amount of an existing taxable loan used to finance the acquisition, construction, improvement and equipping of the existing school facilities located at 34-200 Cook Street, Palm Desert, California; and to finance and refinance the acquisition, construction, improvement and equipping of school expansion and related road improvements located at 34-200 Cook Street, Palm Desert, California.