Sep 16, 2015
The Madrone Village Apartments project is an acquisition/ rehabilitation of an existing 23-unit affordable multifamily rental housing facility. The project will include substantial rehabilitation to address replacement of major building systems, increase energy & water efficiency and will include a 20-year renewal of the HAP contract. Rents will be restricted to households with incomes no greater than 60% of the area median income with an average affordability of 55%. The rehabilitation of this project will provide affordable living in the City of Petaluma for an additional 55 years.
Sep 11, 2015
The Garden Grove United Methodist Church Apartments is a new construction project. The development is the vision of the United Methodist Church. Due to declining membership and underutilized space, the Church sought an innovative approach to both improve their financial situation while transforming their property into a community asset. The proposed development will be a new multigenerational apartment community in the City of Garden Grove. This development will provide approximately 46 one-, two-, and three-bedroom apartments for large families and seniors earning at or below 60% AMI. The project will provide 46 seniors and family’s affordable living for 55 years in the City of Garden Grove.
Aug 27, 2015
Since 1971, the Inland Regional Center (“IRC”) has contracted with the State of California to provide services for the developmentally disabled and their families. IRC is among the largest regional centers and in fiscal year 2013-14 IRC coordinated the delivery of services to 30,631 consumers within a service area of nearly 28,000 square miles that comprise all of San Bernardino and Riverside counties. The proceeds of the Bonds will be used to refund, on an advance basis, the California Statewide Communities Development Authority $77,530,000 Revenue Bonds (Inland Regional Center Project), Series 2007 which were used to finance the acquisition, construction and equipping of a 200,000 rentable square feet office facility (the “Facilities”) for lease to IRC located in San Bernardino, California.
Aug 26, 2015
The Crossing at Montague Apartments is a refinancing of a multifamily project located in Milpitas, California. Construction of the initial project was completed in 2002. The Project consists of 468 units in 16 buildings. The refinancing of this project will continue to provide affordable housing for 94 low-income households in the City of Milpitas for the next 40 years.
Aug 14, 2015
The 815 North Harbor Apartments project is a new construction project located in Santa Ana, California. The project will involve the new development of a 70-unit, mixed income, mixed-use rental community made up of 59 affordable units and 13 market rate units. The project will incorporate 6,170 square feet of ground floor street retail space. Architecturally, the buildings will be designed to complement and enhance the neighborhood. Expected start date is August 2015 and expected completion date is December 2016.
Jul 31, 2015
The proceeds of the 2015 bonds will be used to refund the California Educational Facilities Authority Revenue Bonds (University of La Verne) Series 2005A, issued to finance or refinance the 2005 Project. The 2005 Project included the construction of a chilled water loop system, campus-wide renovation, reimbursement of the University of funds previously expended to refurbish property purchased adjacent to the University’s main campus, the refinancing of a short term note, the renovation of the University’s sports science and athletic pavilion, the renovation and expansion of Hanawalt House, the conversion of the University’s turf football field into artificial surface field; the refinancing of all outstanding California Educational Facilities Authority Revenue Bonds (University of La Verne) Series 1993; and the refinancing of all the University’s outstanding portion of the California Educational Facilities Authority Revenue Bonds (Pooled College and University Projects) 2000 Series B.
Jul 31, 2015
The Affirmed Housing Group is a southern-California based Affordable Housing Developer specializing in tax-credit and tax-exempt bond financed multi-family and single family developments. The Eastgate at Creekside Apartments is a new construction, mixed-use development project. The project will be comprised of 41 affordable apartment units and 10,640 square feet of commercial space. There will be a mixture of one-, two- and three-bedroom units. The project will be located on a 2.85-acre lot located at 100 Creekside Drive in the City of San Marcos, California. All apartment units will be restricted to residents with household incomes no greater than 60% of the Area Median Income. The financing of this project will result in the creation of 41 affordable apartments for the next 55 years in the City of San Marcos.
Jul 30, 2015
The Lemon Grove Apartment Project is a new construction multifamily affordable housing project. The proposed project involves the construction of an 82-unit apartment building located Orange, California. The unit mix will consist of 24 two-bedroom and 58 three-bedroom units. The apartments will consist of four garden style walk up buildings. Architecturally, the buildings will be designed to complement and enhance the neighborhood. The project will be 100% affordable consisting families who earn at or below 60% of the area median income. The construction of this project will provide affordable housing for 81 families for 55 years.
Jul 28, 2015
Omni Family Health (“OFM”) is a network of state of the art health centers located throughout Kern County. Since 1978, Omni Family Health has provided quality healthcare services in the communities of Buttonwillow, Lost Hills, Wasco, Taft, Delano, Shafter, Ridgecrest, Tehachapi and Bakersfield. Omni Family Health operates in sixteen medical sites, ten dental sites, five behavioral health sites and three full pharmacies.
Proceeds will be used to refund the outstanding California Statewide Communities Development Authority Insured Revenue Bonds (National Health Services, Inc.), Series 2007, issued to make a loan to OFH to finance the costs of acquisition, construction, improvement, renovation and equipping certain improvements at OFH’s medical and health facilities located in Shafter and Ridgecrest, California and to prepay a bank loan from Wells Fargo Bank, N.A. to OFM to finance the costs of acquisition, construction, improvement, renovation and equipping certain improvements at OFH’s medical and health facilities located in Bakersfield, California.
Jul 25, 2015
The University of San Diego (the “University” or “USD”) is a co-educational, residential, comprehensive Roman Catholic university chartered in 1949. The University’s 180-acre campus is located in Linda Vista overlooking Mission Bay on the Pacific Ocean, ten minutes from downtown San Diego. The Bonds will be used to refinance the acquisition and improvements to the education facilities located on the University’s campus.
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