Feb 27, 2018
PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.
The CMFA issued another $3,302,256 in residential PACE bonds today.
Feb 23, 2018
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Six 501(c)(3) organizations received $115,000 total in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 6 well-deserving organizations include:
A Step Beyond
Casa Teresa, Inc.
Golden State Family Services, Inc.
Grandma’s House of Hope
Hope for Youth, Inc.
Support our Students
Feb 22, 2018
The proceeds of the Bonds will be used for a plan of finance consisting of financing and/or refinancing the acquisition, construction, renovation and/or equipping of educational facilities located at 36230 N. School St., Clarksburg, California 95612 and at 841 Bryte Avenue, West Sacramento, California, each located within the geographical boundaries of the County and refinancing existing debt secured by the facility at 36230 N. School St., Clarksburg, California 95612.
Feb 13, 2018
PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.
The CMFA issued another $3,645,827 in residential PACE bonds today.
Jan 29, 2018
CMFA recently issued $12,967,000 in tax-exempt financing for Piper Court Apartments. Piper Court Apartments is an existing project located in Fairfax on a 2.68-acre site. The project consists of 26 restricted rental units and 1 unrestricted manager unit. The project provides 18 two-bedroom units and 9 three-bedroom units distributed among 9 two-story buildings. Building exterior renovations will consist of new roofs, siding, insulation, balconies and railings, exterior doors and frames, windows, structural footings, and stairs and landings. Individual apartment units will be updated with new kitchen appliances, sinks, tubs/showers, toilets, countertops, cabinets, doors and trim, flooring, window coverings, smoke/CO detectors, electrical upgrades, gas wall furnaces, exhaust fans, water heaters, plumbing lines and fresh paint. One unit will be remodeled to provide full ADA accessibility. Common or site area renovations will consist of replacement of retaining walls and pool fencing, repair of driveways and sidewalks, and addition of new walkways around buildings. The rehabilitation is expected to begin in December 2017 and to be completed in November 2018.
Jan 26, 2018
PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.
The CMFA issued another $2,882,079 in residential PACE bonds today.
Jan 10, 2018
PACE (Property Assessed Clean Energy) is an innovative program that provides residential and commercial property owners with low-cost, long-term financing for water conservation, energy efficiency, and renewable energy improvements. All while helping local governments meet their water and energy conservation objectives.
The CMFA issued another $3,727,011 in residential PACE bonds today.
Dec 28, 2017
The Casa Rita Apartments is an acquisition/rehabilitation of complex made up of three 3-story buildings for low-income families consisting of 103 units located at 6508 Rita Avenue, Huntington Park, CA. The project will enjoy a pool and community room plus open green space and tot lots. The property will feature a community room, gym, computer room, garden, community lounge area, spa, and lush courtyards. The financing of this project will result in the creation of affordable housing for 102 low income households in Huntington Park for the next 55 years.
Dec 28, 2017
The CMFA previously issued its Educational Facilities Refunding Revenue Bonds for the University. The proceeds will be used to refinance the existing debt.
Dec 28, 2017
The CMFA issued 4,565,000 in tax-exempt bonds for John Adams Academy. The proceeds of the Bonds are to be used to finance the acquisition, construction, equipping and rehabilitation of certain improvements to an existing K-12 charter school campus located in the City of Roseville, California (the “City”) at 1 Sierra Gate Plaza, including the construction on said campus of an approximately 12,000 square foot building containing a school multi-purpose room and the renovation of certain existing facilities on said campus.