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CMFA refinances $29,845,000 in Tax-Exempt Bonds to the Del Harbor Foundation located in Torrance, California

Jul 23, 2015

Harbor Regional Center (“HRC”) is one of 21 regional centers in California. Regional Centers are nonprofit Private Corporations that contract with the California Department of Developmental Services to provide or coordinate services and supports of individuals with developmental disabilities. They provide a local resource to help find and access the many services available to developmentally disabled individuals and their families. The proceeds will be used to make a loan to the Del Harbor Foundation pursuant to a Loan Agreement to refund on an advance basis the California Municipal Finance Authority Revenue Bonds (Harbor Regional Center Project), Series 2009.

CMFA issues $76,830,000 in Tax-Exempt Bonds to the California Baptist University in Riverside, California

Jul 23, 2015

California Baptist University (“CBU”) is one of the top private Christian colleges and universities in Southern California. CBU offers bachelor’s, master’s and credential programs in the in the Cities of Riverside and San Bernardino and online. The proceeds of the Bonds will be used for the acquisition, construction, improvements and equipping of an event center to be located on the main campus of the University in Riverside, California; the construction, renovation and improvement of other facilities currently located on the campus, including housing facilities, the James Building, the Yeager Center, parking lots, science labs, offices, and food service venues; the construction of infrastructure and utility improvements on the campus; and establishing a debt service reserve fund for the Bonds.

CMFA issues $92,865,000 in Tax-Exempt Bonds for the Anaheim Public Utilities Project in Anaheim, California

Jul 21, 2015

The Bonds are being issued for the purpose of refunding all the outstanding Anaheim Public Financing Authority Distribution System Revenue Bonds, Series 1999 (City of Anaheim Electric System Distribution Facilities), the outstanding Anaheim Public Financing Authority Revenue Bonds, Series 2007-A (City of Anaheim Electric System Distribution Facilities), financing the acquisition of certain improvements to the Electric System of the City of Anaheim, and to fund a Debt Service Reserve Fund for the Bonds.

The City of Anaheim will use approximately $35,000,000 of the net proceeds of the Bonds to finance costs of various components of the City’s Distribution System capital improvement program over the Fiscal Years ended June 30, 2016 and 2017.

The CMFA issues $27,000,000 in Tax-Exempt Bonds for the Vintage Aliso Apartments located in Aliso Viejo, California

Jul 17, 2015

USA Properties Funds, Inc. has completed the issuance of $27,000,000 in tax-exempt bonds for the construction of a 202-unit affordable multi-family housing facility located in Aliso Viejo, California. The Vintage Aliso Apartments will have one- and two-bedroom units of various sizes. The Project will also include a pool, spa, shade structure, laundry facility, computer center and a tenant community center.

The CMFA refinances $15,898,750 in Tax-Exempt Bonds for the YMCA of San Francisco

Jul 16, 2015

The YMCA of San Francisco has provided comprehensive programs and services to meet the diverse needs of the Bay Area for more than 150 years. The YMCA builds strong kids, strong families and strong communities by enriching the lives of all people in spirit, mind and body. Through its 14 branches from Marin County to the Santa Cruz Mountains, the YMCA’s programs span the generations to address compelling wellness and social needs in their communities.

CMFA issues $11,655,000 in Tax-Exempt Bonds to the John Adams Academies, Inc. in Roseville, California

Jul 1, 2015

John Adams Academy is Northern California’s only tuition-free, K-12 Classical Leadership Education Charter School. Proceeds of the Bonds will be used to expand and improve the existing facilities located at One Sierra Gate Plaza and acquire an adjacent property and the approximately 50,000 square foot, two-story educational building located at Seven Sierra Gate Plaza in the City of Roseville, California.

CMFA issues $120,260,000 in Bonds to Community Medical Centers, located in Clovis and Fresno, California

Jul 1, 2015

The proceeds of the Bonds, together with other available funds, were used for improvements and equipping of Clovis Community Medical Center, owned and operated by the Fresno Community Hospital. The CCMC campus in Clovis (which is contiguous to the City of Fresno) consists of an acute care hospital with a five-story tower and a three-story tower connected to an outpatient surgery/ endoscopy/diagnostic center. The facility has all private rooms.

The CMFA’s Financings Enables $105,000 in Contributions to California Non-Profits

Jun 26, 2015

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. There were several non-profit 501(c)(3) organizations that received grants totaling $105,000 from the California Foundations for Stronger Communities with funds donated by the CMFA.

The deserving organizations include:

Gary Sinise Charitable Foundation serves our nation by honoring our defenders, veterans, first responders, their families and those in need. They do this by creating and supporting unique programs designed to entertain, educate, inspire, strengthen and build communities.

National Veterans Transition Services, Inc. is a San Diego based organization dedicated to assisting veterans in adjusting to civilian life and securing meaningful employment by combining best-practice performance social solutions and techniques. The organization was established by a group of retired high ranking Naval and Marine Corps officers and workforce development professionals who seek to fill a tremendous gap in the continuum of veteran services.

Vets Helping Veterans serves veterans through an outreach program website and email accounts directing them toward assistance to provide them with the knowledge and support that they may need. VHV is founded by Veterans to help Veterans. The foundation focuses it’s funding on committed, grass roots organizations that help Veterans and their families obtain jobs and become productive members of the communities they heroically served.

Cabot’s Museum Foundation preserves the integrity of Cabot Yerxa’s history, Pueblo, and collection of artifacts, as well as educating and inspiring visitors by creating appreciation of the desert community.

29 Palms Community Food Pantry & Outreach Ministries, Inc fulfills a “short-term” need in the community by providing quality nonperishable food items to the hungry. Their volunteer staff of over 40 people assist neighbors who range in age from their early 20s, to senior citizens.

CASA for Children Solano County advocates for abused, neglected, and other identified children within the court system, with the belief that every child is entitled to a safe and stable home.

Creativity Explored is committed to supporting people with developmental disabilities in their quest to become working artists, and to promoting their work as an emerging and increasingly important contribution to the contemporary art world

The CMFA’s Financing Enables $65,000 in Contributions to California Non-Profits

Jun 23, 2015

The CMFA continues to give back to the communities in California by directing a portion of its issuance fees to charitable organizations. The following four non-profit 501(c)(3) organizations received a total of $65,000 in grants from the California Foundation for Stronger Communities with funds donated by the CMFA:

Women Helping Women/Men 2 Work is committed to providing comprehensive employment support services to empower disadvantaged men, women and teens to achieve economic self-sufficiency through employment success.           

Give Every Child A Chance believes every child should be given a chance to be successful. They further believe that community volunteers; working as academic mentors and tutors, together with the school districts will provide free assistance to children struggling in school the opportunity to improve academically and become successful lifelong learners. It is their mission to give every child a chance!

Manteca CAPS Corporation is striving to be a leading Day Program for Adults with Developmental Disabilities, by providing consumer-centered services, empowering them to achieve their full potential and beyond and maximizing their quality of life according to their choices.

MDP Foundation (Martin de Porres House of Hospitality) is a free restaurant, serving breakfast and lunch during the week and brunch on Sundays. It is their mission to serve in the spirit of compassion, understanding and love.

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