The CMFA issues $1,000,000 in Bonds to the Urban Discovery Academy located within San Diego County, California

Urban Discovery Academy (“UDA”) is a California nonprofit public benefit corporation incorporated February 28, 2008 that operates as a public charter school pursuant to a charter contract authorized and approved by the San Diego Unified School District.

The proceeds of the Bonds will be used to finance the acquisition, design, construction, renovation and equipping of the buildings to be used as educational facilities located in the County of San Diego, California. These improvements will allow UDA to expand its enrollment to over 400 students, and it is anticipated that approximately five additional teachers and administrative personnel will be added.

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