Nueva School Secures Tax-Exempt Debt Through the CMFA
Founded in 1967, the Nueva School is a nationally recognized independent school currently serving high-ability students in pre-kindergarten through eighth grade at the Hillsborough, CA campus. Recently, the private school secured $40.0 million in tax-exempt bond financing through the CMFA. Proceeds will be used to construct a new high school campus located in the Bay Meadows Development.
The Nueva School plans to expand its curriculum to include high school beginning with 9th grade in September 2013 at a temporary location. The high school will add one grade level annually through the twelfth grade and will relocate in September 2014 to its permanent location in Bay Meadows. Along with the private high school, the master planned development includes residential home sites, LEED-certified office buildings, a traditional town square and main-street retail space. All will be highly accessible to local transportation and easy freeway access.