Jun 8, 2018
The CMFA issued $1,181,525,000 in one or more series of bonds, notes, certificates or other obligations for the design, acquisition, construction, reconstruction, development, expansion, improvement, equipping and/or modification of certain capital improvements relating to the 2.25 mile long automated people mover train system (the “Project”), running from a consolidated rental car facility to be constructed located near La Cienega Boulevard and the 405 Freeway and terminating at the Tom Bradley International Terminal at LAX in the City of Los Angeles, California, which will be owned and operated by the Department. The Project will include, among other things, approximately 2.25 miles of elevated guideway, passenger cars that will travel along the guideway transporting passengers to and from LAX, six passenger stations (three located inside the Central Terminal Area (“CTA”) at LAX and three located outside the CTA), pedestrian passenger walkway structures connecting the stations inside the CTA with the terminals at LAX, parking garage improvements, a maintenance and storage facility (to be located east of Airport Boulevard between Arbor Vitae and 96th Street), various utility and roadway improvements, and certain other improvements related to the Project.
Jun 8, 2018
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Ten 501(c)(3) organizations received a total of $325,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 10 well-deserving organizations include:
California Association of Food Banks
Grandma’s House of Hope
Homeless Children’s Network
Larkin Street Youth Services
Laura’s House
Mama’s Kitchen
Mountain Circle
Paws for Purple Hearts
Southern California Wheelchair Veterans Association
Womens Center-High Desert
Jun 7, 2018
The CMFA issued $120,000,000 in tax-exempt financing for the Metro East Senior Apartments.
The Metro East Senior Apartments is a new construction project located in Santa Ana on a 3.17-acre site. The project will consist of 415 restricted rental units and 3 unrestricted manager units. The project will offer 96 studio units, 257 one-bedroom units and 65 two-bedroom units. The building will be a single five-story structure of wood frame design supported by a parking structure podium and concrete slab. Common amenities will include multiple courtyards, a roof deck, clubhouse, fitness gym, computer room, laundry facilities, elevators and security features. Each unit will provide a refrigerator, range/oven, dishwasher, garbage disposal, exhaust fans and covered patio or balcony. All units will be water and energy efficient and provide healthy indoor air quality. Construction is expected to begin June 2018 and to be completed December 2020. This development will provide the City of Santa Ana with 415 much needed units of affordable housing for the next 55 years.
Jun 7, 2018
The Garden Brook Senior Village Apartments is a new construction project located in Garden Grove on a 3.1-acre site. The project consists of 394 income restricted rental units and 3 unrestricted managers’ units. The project will have 123 studio units, 231 one-bedroom units and 46 two-bedroom units. The building will be eight (8) stories supported by perimeter foundations with concrete slab flooring on top of a podium parking. The building will be a one elevator serviced residential building. Common amenities include community gathering areas, community rooms and laundry facilities. Each unit will have a refrigerator, exhaust fans, range/oven, dishwasher and garbage disposal. The construction is expected to begin June 2018 and be completed in December 2020. The developments located in the City of Garden Grove and will proved the city 394 much needed units of affordable housing for the next 55 years.
May 18, 2018
The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. Five 501(c)(3) organizations received a total of $90,000 in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 5 well-deserving organizations include:
Court Appointed Special Advocates of Contra Costa County
Family Assistance Ministries
Project Open Hand
Raphael House
Victory Village, Inc.
Apr 27, 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 $210,000 total in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 10 well-deserving organizations include:
Coalition to Abolish Slavery and Trafficking
Daniel Hernandez Youth Foundation, Inc.
Journey Out
My Sisters House
Pilipino Workers Center
South Coast Seniors Inc.
South Yuba River Citizens League
Stand Up Placer, Inc.
The Miracle League of Orange County
Us for Warriors Foundation
Apr 27, 2018
Median Income. The project will be on a site currently owned by the City and County of San Francisco, and will involve the developers leasing the land from the Mayor’s Office of Housing and Community Development. 1296 Shotwell Street will invigorate the end of Shotwell Street
This project meets critical needs in San Francisco, as all 94 units, except the manager’s unit, will be dedicated to seniors earning less than 50% of the Area Median Income. Additionally, 19 of these units will be allocated to formerly homeless seniors earning less than 30% of the Area Median Income. In addition, there will be on-site health workshops and off-site group services for patients with mild-moderate level need, particularly for chronic care. The services team will also refer residents to off-site programs, such as Mission Neighborhood Centers, Inc. for health and social services. This financing will provide 93 units of affordable housing in the City of San Francisco for the next 55 years.
Apr 27, 2018
The proceeds of the Bonds will be used for the acquisition and rehabilitation of the Monterey Pines Apartments. The project is a 324-unit multifamily residential rental facility, located at 680 South 37th Street, Richmond, CA. The project consists of 26 two-story buildings. Due to the age and condition of the project, it is in need of substantial rehabilitation. Amenities include a swimming pool, fitness center, clubhouse, laundry facility and gated access. This financing will preserve a much needed 321 units of affordable housing for the City of Richmond for another 55 years.
Apr 9, 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 $3,978,971 in residential PACE bonds today.
Apr 6, 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 $70,000 total in contributions from the California Foundation for Stronger Communities with funds donated by the CMFA.
The 10 well-deserving organizations include:
LIL ANGEL BUNNY FOUNDATION INC. dba ELEVATE HOPE
Selma Arts Foundation
Shafter Symphony Orchestra
Veterans Association of North County
WHW (Women Helping Women/ Men 2 Work)
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