Jul 20, 2018
The CMFA issued $13,475,000 in tax-exempt bonds to finance the acquisition and rehabilitation of Park Manor Apartments.
Park Manor Apartments is an existing project located in Hayward on a 2.34-acre site. The project consists of 80 restricted rental units and one unrestricted manager unit. All 81 units of the project are two-bedroom units. The renovations will include building exterior and interior upgrades. Building exterior and interior renovations will consist of new lighting, installation of artificial turf, stucco repairs, new roofing and canopies, window and door replacements, replacement of smoke and CO1 detectors, installation of trash compactors, new downspouts, seismic retrofits and a fresh coat of paint. Individual apartment units will be updated with new doors and windows, new in-unit wall mount heaters, new vinyl plank flooring, carpet in the bedrooms, kitchen countertops, kitchen and bathroom cabinets, new bathroom fixtures, toilets and garbage disposals. Common or site area renovations will consist of updating accessibility for ADA compliance, concrete repairs, common area updates and landscaping. The rehabilitation is expected to begin in July 2018 and be completed in March 2019. This financing will retain 80 units of affordable housing in the City of Hayward for the next 55 years.
Jun 29, 2018
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Fifteen 501(c)(3) organizations received a total of $200,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 15 well-deserving organizations include:
Boys and Girls Club of Menteca and Lathrop
Calicinto Ranch, Inc.
Claddagh Fund Charities Inc.
Community Youth Ministries
Covenant House California, Inc.
Creativity Explored
Food for People Inc.
Food on Foot
Forget Me Not Farm Children’s Services
Give Every Child A Chance
Majaree Mason Center, Inc.
Operation Care and Comfort
Operation Safe House, Inc.
St. Vincent de Paul Village, Inc. dba Father Joe’s Villages
The Lytle Creek Community Center
Jun 15, 2018
The CMFA issued $23,000,000 in tax-exempt bond proceeds to Golden Valley Health Center to be used for the financing of one or more of the following capital improvement projects (collectively, the “Project”), as follows:
Merced Northview Health Center: The Merced Northview project, at 3940 Sandpiper Avenue, Merced, California, will be the construction of a two story, 26,167 square foot health center, with 37 exam rooms across from the Mercy Medical Center Hospital.
Stefani Health Center: The Stefani project, at 2768 Ranchero Lane, Atwater, California, on the site of the Joe Stefani School owned by the Merced City Elementary School, will be the construction of a one story approximately 5,000 square foot building with 9 exam rooms to serve the needs of the families whose children attend the school.
South Merced: GVHC is presently leasing space for its leadership and staff and plans to move them back to its Merced Campus at 737 West Childs Avenue Merced, California, and plans to build a 2 story, 20,000 square foot building on that site to house those employees.
LeGrand Dental: The LeGrand Dental project, located at 13161 Jefferson Street, LeGrande, California, consists of the renovation of the sterilization area of the existing building and the acquisition of capital equipment (compressor, dental chair, x-ray machine, autoclave, cassettes, dental delivery system with water system and auto sterilizer).
Los Banos Dental: The Los Banos Dental project, located at 725 West I Street, Los Banos, California, consists of the acquisition of capital equipment (Overhead, Pelton Crain light and Dental delivery system with water system).
Los Banos Medical: The Los Banos Medical project, located at 821 Texas Avenue, Los Banos, California, consists of the acquisition of capital equipment (geriatric beds; HVAC unit).
Merced Suites: The Merced Suites project, located at 847 West Childs Avenue, Merced, California, consists of building renovations (painting, flooring, plumbing, windows/doors, bathrooms), the acquisition of capital equipment (HVAC unit, exam table, fetal heart monitor, Bilirubin Scanner), and the acquisition of furniture/fixtures.
Stockton PMG: GVHC will be purchasing a two-story building at 453 East Hampton Street, Stockton California, and the practice from a retiring provider who wishes to retire. The approximately 8,000 square foot building has 10 exam rooms.
Manteca Health Center: The Manteca project at 302 Northgate Drive, Manteca, California, consists of the renovation of a one story approximately 10,052 square foot building to provide 12 exam rooms and 6 dental operatories.
Tracy Health Center: The Tracy Heath Center project consists of the renovation of an approximately 5,000 square foot leased building located at 730 North Central Avenue, Tracy, California, to provide 9 exam rooms.
West Modesto-MedNow Prompt Care: The West Modesto-MedNow Prompt Care project consists of the renovation of an approximately 2,500 square foot leased building located at 901 North Carpenter Road, Modesto, California, to provide 6 exam rooms.
North Modesto-MedNow Prompt Care: The North Modesto-MedNow Prompt Care project consists of the renovation of an approximately 5,000 square foot leased building located at 4707 Greenleaf Court, Modesto, California, to provide 9 exam rooms.
Turlock Colorado: The Turlock Colorado clinic will be a construction of an approximately 15,000 square foot building consisting of 21 exam rooms and 3 operatories next to Emmanuel Hospital at 1910, 1930 and 1936 Colorado Avenue, Turlock, California.
Planada Medical/Dental: The Planada Medical/Dental project consists of the renovation of an approximately 4,906 square foot building located at 9235 East Broadway, Planada, California, to repair the roof, remodel the front reception, upgrade the sterilization area, acquire capital equipment (AC unit, dental chairs, cassettes w/instruments, Auto Sterilizer), and acquire furniture/fixtures including replacing window blinds.
Newman Medical/Dental: The Newman Medical/Dental project consists of the renovation of an approximately 4,754 square foot building located at 637 Merced Street, Newman, California, to make renovations (roof, painting exterior w/repairs, flooring) and to acquire capital equipment (Overhead Pelton Crain lights).
Patterson Medical/Dental: The Newman Medical/Dental project consists of the renovation of an approximately 10,108 square foot building located at 200 C Street, Patterson, California, to make renovations (roof, painting, flooring, windows/doors, bathrooms), acquire capital equipment (exam table, NST Machine, Overhead Pelton Crain Lights, dental delivery system with water system), acquire furniture/fixtures, and make land improvements (fence around patio to the front for security).
Florida Suites: The Florida Suites project consists of the renovation of an approximately 14,152 square foot building located at 1510 Florida Avenue, Modesto, California, to make renovations (roof, floors, painting, facework for wood on front of building, etc.), and acquire capital equipment (HVAC units).
Corner of Hope: The Corner of Hope project consists of the renovation of an approximately 1,855 square foot building located at 1130 6th Street, Modesto, California, to renovate reception area.
Empire Dental: The Empire Dental project, an approximately 1,406 square foot building located at located at 189 G Street, Empire, California, consists of the acquisition of furniture and fixtures.
Hanshaw Dental: The Hanshaw Dental project, an approximately 2,880 square foot building located at located at 1717 Las Vegas Street, Modesto, California, consists of the acquisition of furniture and fixtures including storage shed.
Ceres East Medical/Dental: The Ceres East Medical/Dental project, an approximately 8,300 square foot building located at located at 1920 Memorial Drive, Ceres, California, consists of the acquisition of furniture and fixtures.
