Archive for the ‘News’ Category
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.
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.
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.
Dec 1, 2021
The CMFA completed the issuance of $132,900,000 in bonds for Samuel Merritt University to finance the acquisition, construction, improvement and renovation of educational facilities located in the City of Oakland, Alameda County, California.
Nov 30, 2021
The CMFA Completes the Issuance of $5,700,000 in Bonds for Walnut Apartments to finance affordable multi-family rental senior housing facility located in the city of Fort Bragg, Mendocino County, California. A total of 47 low-income households will be able to enjoy high quality, independent, affordable housing in the City of Fort Bragg for another 55 years.
Nov 17, 2021
The CMFA Completes the Issuance of $62,160,000 in Bonds for CityView Apartments to finance affordable multi-family rental housing facility located in the city of Long Beach, County of Los Angeles, California. A total of 293 low-income senior households will continue to be able to enjoy high quality, independent, affordable housing in the City of Long Beach for another 55 years.
Nov 12, 2021
The CMFA Completes the Issuance of $11,000,000 in Bonds for Adcock Joyner Apartments to finance affordable rental housing facilities located in the city of Oakland, Alameda County, California. A total of 49 households will be able to enjoy high quality, independent, affordable housing in the City of Oakland for the next 55 years.
Nov 4, 2021
The CMFA Completes the Issuance of $5,410,000 in Bonds for TURN – The Utility Reform Network to finance the acquisition, construction, improvement, renovation and equipping of an office building located in the city of Oakland, County of Alameda, California. TURN is a nonprofit public benefit corporation that advocates for consumers, assists consumers in understanding their bills, protecting their privacy and leaning how to save money and the environment. TURN believes no one should be cut off from essential electricity, gas or phone service. They work to hold utility corporations accountable by demanding fair rates, cleaner energy and strong consumer protections.
Oct 29, 2021
The CMFA Completes the Issuance of $23,440,000 in Bonds for The Monarch Apartments to finance the development of affordable multi-family rental housing in the city of Palm Springs, Riverside County, California. A total of 59 households will be able to enjoy high quality, independent, affordable housing in the City of Palm Springs for the next 55 years.
Oct 29, 2021
The CMFA Completes the Issuance of $17,660,844 in Bonds for Depot Willows to finance the development of affordable multi-family rental housing in the city of Morgan Hill, Santa Clara County, California. A total of 37 households will be able to enjoy high quality, independent, affordable housing in the City of Morgan Hill for the next 55 years.
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