The CMFA Issues $23,770,000 in Low Cost, Tax-Exempt Financing for Concordia University

Jun 30, 2021

Concordia University is a co-educational, comprehensive Christian Liberal Arts University. The University’s 70-acre campus is located 80 miles north of San Diego and six miles from the Pacific Ocean. The University offers more than 20 undergraduate majors with 50 specializations, 9 graduate programs, 4 adult bachelor’s degree completion programs, and 3 nursing programs.

The CMFA Issues $80,000,000 in Low Cost, Tax-Exempt Financing for Westmont College

Jun 28, 2021

Westmont College is in the top tier among the nations’ best liberal arts colleges and an integral part of the community and neighborhood. The new addition to the campus will allow students to study and learn in “state-of-the-art facilities”. Westmont already boasts a unique and distinctive faculty and liberal arts program. These new buildings will add to the quality of education that already exists.

CMFA Completes the Issuance of $39,559,500 in Bonds for 3706 San Pablo Apartments

May 19, 2021

The project will offer an on-site service coordinator, computer learning and employment assistance for residents. Amenities will include community open space, play area, zen garden, sky deck, and computer lab. A total of 86 senior households will be able to enjoy high quality, independent, affordable housing in the City of Emeryville and the City of Oakland, California for 55 years.

CMFA Completes the Issuance of $11,029,977 in Bonds for Ecole Bilingue de Berkeley

Mar 26, 2021

Ecole serves approximately 375 students, with more than 60 nationalities represented in their school community. Their graduates have gone on to top high schools and colleges. A last count, their alumni have lived and worked in 55 countries worldwide. Ecole offered 40% of their students financial aid; the average aid is $10,837

CMFA Completes the Issuance of $9,050,000 in Bonds for The Learning Choice Academy

Mar 9, 2021

TLC provides a public education for students in grades TK-12. TLC’s mission is to empower students to reach their full potential by providing choice in education within collaborative triads of parents, students, and school. Students become effective communicators, self-directed learners, complex thinkers and problem solvers, and responsible, active citizens.

CMFA Completes the Issuance of $89,100,000 in Bonds for VA Oceanside Clinic Project

Jan 26, 2021

The VA operates the Facility as the Oceanside VA Health Care Center – an outpatient clinic within the San Diego VA Healthcare System. The Facility opened in August 2010. In 2019, the Facility had approximately 93,000 patient visits.
The Facility is one of seven outpatient clinics supporting the San Diego VA Medical Center, the hub of the San Diego VA Health Care System.

CMFA Completes the Issuance of $45,000,000 in Bonds for Barlow Respiratory Hospital

Jan 22, 2021

As a nonprofit corporation, Barlow Respiratory Hospital is committed to improving the health of their communities by providing the highest quality healthcare to everyone. The benefits of Long Term Acute Care Hospitalization at Barlow Respiratory Hospital include access to their expert interdisciplinary medical team, state of the art technology and dedication to patient safety and infection prevention.

CMFA Completes the Issuance of $28,715,000 in Bonds for Palomar Health

Jan 21, 2021

Palomar Health collaborates with other health systems, government agencies, and community groups to identify the greatest needs within thecommunity. Most notably, Palomar Health is an active participant in the Hospital Association of San Diego and Imperial Counties Community Health Needs Assessment and convenes Community Action Councils across the District. The financing will improve Palomar Health’s capacity to provide life savings services to patients in San Diego County.

The CMFA Issues $17,410,000 in Low Cost, Tax-Exempt Financing for Windsor Mobile County Club

Dec 30, 2020

This refinancing will allow 239 residents of the Windsor Mobile Country Club to maintain their affordable rents. This will allow the residents to avoid the fate of seven other mobile home parks in Sonoma County that have been sold to private investors and then the properties have been converted to mobile home subdivisions, thereby allowing rent control restrictions to be avoided.

The CMFA Issues $10,245,000 in Bonds for STREAM Charter School

Dec 22, 2020

STREAM develops future leaders by encouraging academic excellence, building critical and creative thinking skills, heightening curiosity, supporting collaboration, providing rich access to technology, and enriching social development in a nurturing environment.

The CMFA Issues $23,000,000 in Low Cost, Tax-Exempt Financing for The Buckley School

Dec 17, 2020

The Buckley School’s extensive program of community service engages students in local and global communities through their support of causes, agencies, and individuals in need. Activities as varied as natural habitat restoration, food drives, fundraising for disaster relief, math mentoring, and shelter animal care, enable students to enrich the world around them. Students see, firsthand, how the power of their actions can make a positive difference in communities near and far and in their own lives. Community Service brings critical elements of Buckley’s mission
to life and actively supports the development of well-rounded individuals through ethical education.

The CMFA Issues $14,500,000 in Low Cost, Tax-Exempt Financing for YMCA of Silicon Valley

Dec 1, 2020

The financing will continue to allow the YMCA of Silicon Valley to provide comprehensive programs and services to meet the diverse needs of the Silicon Valley. The YMCA of Silicon Valley builds strong kids, strong families and strong communities by enriching the lives of all people in spirit, mind and body. Through its 10 facilities, two camps and over 70 affiliated locations their programs span the generations to address compelling wellness and social needs in their communities.

Nov 20, 2020

The CMFA Issues $39,559,500 in Low Cost, Tax-Exempt Financing for 3706 San Pablo Apartments

Nov 20, 2020

The project will offer an on-site service coordinator, computer learning and employment assistance for residents. Amenities will include community open space, play area, zen garden, sky deck, and computer lab. A total of 86 senior households will be able to enjoy high quality, independent, affordable housing in the City of Emeryville and the City of Oakland, California for 55 years.

CMFA Issues $3,200,000 in Bonds for Vocational Visions

Nov 19, 2020

Vocational Visions provides vocational and life skills training and support services to adults with intellectual/developmental and other disabilities. All participants are identified by state agencies as requiring health and/or vocational rehabilitation.

The CMFA Issues $12,000,000 in Low Cost, Tax-Exempt Financing for Keys School

Oct 30, 2020

Keys School is an integral part of the community and the neighborhood. The School provides a highly regarded educational program that motivates students to reach their fullest academic potential by providing them with engaging learning projects, teaching them to work collaboratively, and developing their skills as lifelong learners.

The CMFA Issues $100,000,000 in Low Cost, Tax-Exempt Financing for Scripps College

Oct 20, 2020

The mission of Scripps College is to educate women to develop their intellects and talents through active participation in a community of scholars, so that as graduates they may contribute to society through public and private lives of leadership, service, integrity, and creativity. The financing will improve the educational experience for the approximately 954 students.

The CMFA Issues $9,145,000 in Low Cost, Tax-Exempt Financing for West County Health Center

Oct 14, 2020

West County Health Centers deliver health care to an important cross-section of the community including elementary age children whose parents cannot otherwise afford the medical care needed to keep them healthy and active in schools; those who are not accepted elsewhere due to HIV/AIDS, homelessness, mental illness or addiction; those in the community who lack the financial resources to pay for quality health care, as well as many others.

CMFA Issues $205,500,000 in Bonds for FBI

Oct 6, 2020

The Project provides the FBI a field office from which to conduct investigations of federal crimes and forensic investigations related to such crimes serving Imperial and San Diego counties as well as six military bases. The Project also provides digital forensics services, resources, expertise and training to law enforcement agencies through San Diego and Imperial Counties. The Project has a Level IV Facility Security Leve

The CMFA Issues $18,270,000 in Low Cost, Tax-Exempt Financing for Maranatha High School

Sep 17, 2020

Maranatha is an educational institution that encourages their students to be life-long learners of not only theoretical abstractions, but also real-life applications of the concepts taught in the classroom. Academically, their goal is twofold: to ensure that their students are proficient in the academic disciplines and to challenge their students to be actively engaged in his/her pursuit of higher educatio

CMFA Completes the Issuance of $55,000,000 in Bonds for OneLegacy

Sep 15, 2020

The OneLegacy Corporation and Foundation focuses on activities that result in obtaining organs, eyes and tissues from deceased persons and making them available to be transplanted to recipient patients, resulting in savings lives and improving lives of the recipients. In addition, the applicant will employ 300 people at the site, contributing to the local economy of the City of Azusa.

CMFA Issues $25,000,000 in Tax-Exempt Financing for The Harker School

Sep 2, 2020

Harker celebrates a long-standing history and tradition of developing lifelong learners, well-rounded global citizens and kind, respectful individuals. With a deep commitment to academic excellence and civic responsibility. Beyond their students, Harker is committed to developing strong relationships with students’ families, supporting teachers’ professional development and creating an inspired learning environmen

CMFA Completes the Issuance of $30,000,000 in Bonds for the Center for Early Education

Sep 1, 2020

The Center for Early Education, a socio-economically and culturally diverse independent school for children, toddlers through grade six, strives to graduate students who are joyful, resilient, life-long learners. The Center embraces a philosophy of education that combines a nurturing, inclusive learning environment with an increasingly challenging academic program that addresses the developmental needs of each child.

The CMFA Issues $65,000,000 in Low Cost, Tax-Exempt Financing for Point Loma Nazarene University

Aug 27, 2020

Point Loma Nazarene University has a “commitment to educating students as whole people.” The University offers more than 60 areas of scholarship as Bachelor of Arts and Bachelor of Science degrees, as well as graduate degrees. As a private Christian liberal arts college, PLNU is committed to teaching, shaping and sending its students into the world to make a positive difference.

The CMFA Issues $42,610,000 in Low Cost, Tax-Exempt Financing for Brethren Hillcrest Homes

Jul 31, 2020

Brethren Hillcrest Homes is a state licensed Residential Care Facility for the Elderly where older adults move in as independent residents and can then transition to assisted, memory, and/or skilled nursing care. This refinancing will allow them to continue to serve their customers in a cost- effective manner and allow for the constructing and equipping the addition of fourteen independent living residences.

CMFA Completes the Issuance of $24,640,000 in Bonds for the Windward School

Jul 15, 2020

From its founding, the following concepts have been fundamental to Windward School: Educators and young people should work together in an environment that encourages them to responsible, caring, well-informed, ethical, and prepared. Education should provide a basis for life-long growth, and the School should, therefore, concern itself with every facet of the student’s life.

CMFA Completes the Issuance of $6,500,000 in Bonds for River Springs Charter Schools

Jun 30, 2020

River Springs Charter School was created and is operated by parents. Their talented teachers work hard to incorporate a rich diversity of skills development, curriculum, and extracurricular activity into each day. Their staff works hard to direct the school’s resources where the students need them most. As a charter school, they are part of the solution to a better education system. They are dedicated to ensuring that no student is left behind.

CMFA Issues $85,000,000 in Tax-Exempt Financing for Century Housing

Jun 30, 2020

This financing will enable Century Housing to further carry out its main purpose, to invest in homes and communities so that low income individuals and families may have a dignified living environment, achieve economic independence, and enjoy healthful and vital places to live and work.

The CMFA Issues $3,500,000 in Low Cost, Tax-Exempt Financing for Empire Springs Charter Schools

Jun 25, 2020

Empire Springs Charter School was created and is operated by parents. Their talented teachers work hard to incorporate a rich diversity of skills development, curriculum, and extracurricular activity into each day. Their staff works hard to direct the school’s resources where the students need them most. As a charter school, they are part of the solution to a better education system. They are dedicated to ensuring that no student is left behind.

CMFA Completes the Issuance of $45,000,000 in Bonds for Harbor Day School

Jun 2, 2020

Harbor Day School is a co-educational private independent K-8 school established in 1952. Harbor Day School provides an academically challenging, well-balanced education in a nurturing, family-centered environment. Their traditional, yet innovative, curriculum develops eager, confident learners who think creatively and work collaboratively. The campus project will allow them to continue to fulfill their mission.

CMFA Issues $13,115,700 in Tax-Exempt Financing for Woodbridge Apartments

May 28, 2020

The planned renovations will improve the safety, aesthetics and sustainability of the property for residents and neighbors alike, by addressing all urgent building issues, completing comprehensive interior and exterior renovations and creating a more sustainable property. The financing of this project will result in the retention of affordable housing for 47 low income households in the City of Long Beach for the next 55 years.

CMFA Completes the Issuance of $9,000,000 in Bonds for Kensington Homes Apartments

Apr 29, 2020

A total of 50 households will be able to enjoy high quality, independent, affordable housing in the City of Lancaster. On-site social services for chronically homeless residents will be provided by Ocean Park Community Center Aka The People Concern. The construction of this project will provide affordable living for the chronically homeless in the City of Lancaster for 55 years.

The CMFA Issues $18,425,000 in Low Cost, Tax-Exempt Financing for Inland Christian Home

Apr 27, 2020

The Corporation provides a range of senior care services to meet the needs of older citizens in its community, including independent living, assisted living and skilled nursing. With the completion of this transaction the Inland Christian Home will be able to continue to offer superior care for the people that rely on their services.

CMFA Completes the Issuance of $20,000,000 in Bonds for The Buckley School

Apr 7, 2020

The Buckley School’s extensive program of community service engages students in local and global communities through their support of causes, agencies, and individuals in need. Activities as varied as natural habitat restoration, food drives, fundraising for disaster relief, math mentoring, and shelter animal care, enable students to enrich the world around them. Community Service brings critical elements of Buckley’s mission to life and actively supports the development of well-rounded individuals through ethical education.

CMFA Issues $12,200,000 in Tax-Exempt Financing for Altrudy Lane Senior Apartments

Apr 7, 2020

The project will utilize sustainable building methods such as “low-E” windows, grass bio swales, filterra units, and solar panels to service common area electricity, water saving plumbing fixtures, formaldehyde-free insulation, and will vent all kitchen range hoods and bathroom fans to the exterior of the building. The construction is expected to begin April 2020 and be completed in July 2021. This financing will create 39 units of affordable housing for the City of Yorba Linda for the next 55 years.

CMFA Completes the Issuance of $105,000,000 in Bonds for Virginia Street Studios Apartments

Mar 31, 2020

Virginia Street Studios will provide affordable housing for seniors earning up to 60% of the area median income for Santa Clara County. The units will be newly constructed apartments in a six-story residential building serviced with elevators. This financing will provide 295 units of affordable housing in the City of San Jose for the next 55 years.

The CMFA Issues $20,035,971 in Low Cost, Tax-Exempt Financing for Amaya Village Apartments

Mar 23, 2020

The Amaya Village Apartments project is the new construction of an 81-unit affordable multi-family housing development. The development is located at 1525 Park Boulevard, in the City of Orange Cove. The project will consist of nine 2-story residential buildings and a single-story community building. On-site amenities will include a playground, swimming pool and covered parking. This financing will create 80 units of affordable housing for the City of Orange Cove for the next 55 years.

CMFA Issues $61,675,000 in Tax-Exempt Financing for Clinicas del Camino Real

Mar 19, 2020

Clinicas is a safety net provider (a provider to all regardless of the ability to pay) and as a safety net provider, provides a full range of outpatient health care services, including pediatrics, obstetrics/gynecology, family practice, internal medicine, dental, podiatry, mental health services, chiropractic services, telehealth, optometry, preventative care, women’s health, x-ray and physical medicine and rehabilitation. Specific services available vary from location to location.

The CMFA Bond Opportunities for Local Development (BOLD) Program issues $7,685,000 in Special Tax Revenue Bonds

Feb 27, 2020

The CMFA’s Bond Opportunities for Land Development (BOLD) Program has been designed to help both developers and local public agencies in California finance public infrastructure needed for new development using municipal bonds issued by the CMFA. While each bond issue is structured to meet particular credit parameters, the program offers great flexibility to accommodate varying needs of developers as they build better communities.

The CMFA Issues additional $2,000,000 of Tax-Exempt Financing for Cottage Village Senior Apartments

Feb 13, 2020

The Cottage Village Senior Apartments is a new construction project that will create 47-units of multifamily senior affordable housing with one manager unit. All units will be restricted to households earning 60% or less of AMI. The project will enable local seniors to continue to reside in the City of Manteca in a comfortable community. The form and density of the upcoming project will fit nicely into the existing community. With a relatively level site, the majority of the units will be ground level to better accommodate the seniors that will reside there. There will be energy efficient windows, energy efficient heating and cooling systems. Common areas, laundry rooms, library, exercise room and a gate and security systems. Amenities include a community room with full kitchen, exercise room, TV room, billiards room, computer room, library, ADA bathrooms, barbeque picnic areas and onsite management team. The financing of this project will result in the creation of affordable housing for 46 low-income senior households in the City of Manteca for the next 55 years.

CMFA Completes the Issuance of $8,345,000 in Bonds for Royal York Estates Mobile Home Park

Feb 13, 2020

The proceeds of the Bonds will be used for the acquisition and renovation of an existing mobile home park located at 2250 Chestnut Avenue, in the City of San Bernardino, California and to pay certain expenses incurred in connection with the issuance of the Bonds. This financing will provide 70 units of affordable housing in the City of San Bernardino.

The CMFA PACE Program Issues $1,195,650 in Property Assessed Clean Energy Bonds

Feb 7, 2020

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 $1,195,650 in commercial PACE bonds today.

The CMFA Issues $33,172,838 in Low Cost, Tax-Exempt Financing for Coliseum Place Apartments

Jan 10, 2020

The Coliseum Place Apartments is a new construction project located in Oakland on a 0.47-acre site. The project consists of 58 restricted rental units, and 1 unrestricted manager unit. The project will have 11 one-bedroom units, 28 two-bedroom units, and 20 three-bedroom units. The building will be 6 stories. Common amenities include a large community room with a common kitchen, a lobby, property management offices, and resident services offices. Each unit will have a refrigerator and range. There are 27 parking spaces provided. The construction is expected to begin November 2019 and be completed March 2021.This development will provide the City of Oakland with 58 much needed units of affordable housing for the next 55 years.

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