Feb 9, 2017
The International School of the Peninsula (“ISTP”) is an independent, co-educational, non-sectarian bilingual immersion day school with two Nursery – 5th grade programs (French Immersion and Mandarin Chinese Immersion) and an international middle school.
The CMFA issued $7,200,000 in tax-exempt bond financing. The proceeds of the Bonds will be used by the School to: to refinance the Project on the terms and conditions set forth to prepay and retire all the outstanding California Statewide Communities Development Authority Refunding Revenue Bonds (International School of the Peninsula Project) Series 2006, previously issued to finance and refinance the Borrower’s facilities at 151 Laura Lane, Palo Alto, California 94303. The bonds originally issued were used to purchase, renovate, and equip the school’s campus.
Feb 8, 2017
The CMFA issued $5,500,000 in tax-exempt bonds on February 8, 2017. The bond proceeds will be used to finance the Maple Park Apartments project is an acquisition/rehabilitation of a 25-unit affordable multi-family housing development for persons with disabilities and the elderly. The building consists 24 one-bedroom units and 1 two-bedroom manager’s unit. Maple Park is located at 711 E. Maple Avenue, Glendale, California. The rehabilitation will include upgrading air conditioning and heating units, mechanical and electrical. Interior upgrades will include new kitchen and bathroom equipment, new cabinets, new kitchen surfaces, new flooring, paint and new window treatments. Exterior upgrades will include replacement of certain patio covers, widening of common area pathways, common area lighting, improvements to community areas, elevator cab improvements, parking area improvements and paint. This financing will preserve 24 units of affordable housing for the City of Glendale for another 55 years.
Jan 20, 2017
The CMFA issued 23,000,0000 to the Linfield Christion School. The proceeds of the Bonds will be used to refinance outstanding indebtedness of the Borrower incurred to finance and refinance the construction, acquisition, installation, renovation, rehabilitation and improvement of real property, facilities, equipment and improvements of the Borrower’s educational facilities located on its campus located at 31950 Pauba Road, Temecula, California 92592.
Jan 17, 2017
The CMFA issued $7,864,000 in tax-exempt bond proceeds to LINC Housing for the construction of a new affordable housing project. The Diamond Court Apartments project is a new construction of a 45-unit affordable multi-family housing development consisting of 5 two story buildings on 2.27 acres. The project site is an infill location. The project accommodates families with unit sizes of one, two, and three bedrooms located at Diamond Street, Anderson, CA. Five of the units will be built as accessible, and 2 units will have auditory and visual communications features.
Jan 11, 2017
The CMFA issued $203,800,000 in tax-exempt bonds for the NorthBay Healthcare Group. Proceeds of the Bonds will be applied to finance the renovation and expansion of NorthBay Medical Center, including equipping of the renovation and expansion, located at 1200 B. Gale Wilson Boulevard, Fairfield, California, and the renovation of certain related health care facilities, known as Gateway Medical Plaza, located at 1860 Pennsylvania Avenue, Fairfield, California, each of which is owned and/or operated by the NorthBay Obligated Group.
Jan 10, 2017
The CMFA acted as issuer of $29,215,000 in tax-exempt bonds used to finance the acquisition of a 92,463 square foot headquarters and office building located at 9797 Aero Drive, San Diego, CA 92123; finance capital improvements and fixtures, furniture and equipment for the facility and pay expenses incurred in connection with the issuance of the Obligations. The financed facilities will be owned and operated by the Borrower.
Dec 28, 2016
The proceeds of the Bonds will be used to finance the acquisition and construction of certain sewer system capital improvements of the City of San Bernardino, California; refund outstanding obligations of the City relating to the City of San Bernardino Municipal Sewer Department; fund a deposit to a common reserve account for the 2016 Bonds; and pay the costs of issuance of the 2016 Bonds.
Dec 22, 2016
The Granger Apartments is an existing 180-unit multifamily affordable community originally built in 1970, located at 2700 East 8th Street, National City, CA. The project is made up of 160 1-bedroom units, 20 2-bedroom units and 2 non-revenue producing 2-bedroom manager’s units. The 178 restricted units will be restricted to households making no greater than 60% of AMI. The financing of this project will result in the preservation of affordable housing for 178 low income households in National City for the next 55 years.
Dec 20, 2016
Bridge Housing chose the CMFA as Issuer of tax-exempt bonds to construct a new affordable housing project. The Madera Vista Phase 3 Apartments project is a new construction development of a 30-unit multifamily apartment project that is the third phase of a 110-unit affordable housing community located at 44155 Margarita Road, Temecula, California. Residents of Madera Vista Phase 3 will be able to use all of the amenities located in Phase 1 and/or Phase 2 including two community buildings, two swimming pools, a hot tub, central laundry facility, basketball court, bocce ball and open picnic area. The financing of this project will result in creation of affordable housing for 29 families in the City of Temecula for 55 years.
Dec 16, 2016
The Simone Apartments is an acquisition/rehabilitation of an existing 114-unit affordable multi-family rental development located at 520 S. San Julian Street, Los Angeles, California. The project involves the refinance of existing public debt with 4% Low Income Housing Tax Credits and tax-exempt bonds. Renovations include retrofitting of major building systems to increase the physical lifetime and energy efficiency of each building and increase the financial sustainability of the project. The project will be made up of studio apartments serving formerly homeless households making 30%, 40%, 50% and 60% or less of Area Median Income.
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