Jun 16, 2015
For more than five decades, Bowles Hall provided life-changing experiences to its residents, many of whom leveraged the academic achievements, leadership skills and deep friendships gained there into successful lives, careers and contributions to society. Those opportunities are currently not available to students at UC Berkeley today. That’s why the Bowles Hall Foundation is working to re-establish the Bowles Hall Residential College experience—Education Through Fellowship—and to renovate the Hall to once again offer those opportunities and benefits to current and future generations of UC Berkeley students.
The bond proceeds will be used to finance the renovation, equipping and furnishing of a student housing facility containing approximately 192 beds for the benefit of students located on the Berkeley campus of the University of California.
Following completion of the scheduled renovations, the Project Facilities will include 189 suite-style beds for student housing, 3 single bed units for Graduate Residents and an additional 2 faculty units. Each unit will be fully furnished and each suite will be attached to a full bath. Rent will include all utilities as well as cable and high-speed internet. Community amenities will include student lounges and study areas, laundry rooms, printer rooms, a residential college library, project-based academic counseling and guidance and a community dining facility.
Jun 11, 2015
USA Properties Fund, Inc. has completed the issuance of $9,000,000 in tax-exempt bonds for the acquisition and rehabilitation of The Avenida Crossing Apartments located in Lancaster California. This financing provides 76 households with continued high quality, independent, affordable housing for the next 55 years.
May 27, 2015
The CMFA recently approved a $31,960,000 transaction for NorthBay Healthcare Group. The Borrower is embarking on a multi-phase construction project to renovate and expand its NorthBay Medical Center facility located at 1200 B. Gale Wilson Boulevard, Fairfield, California. Bond proceeds will be used for the first phase of the Fairfield Campus Expansion Project which includes construction, architectural and design work as well as the purchase of equipment related to the Fairfield Campus Expansion. Phase 2 is expected to begin late 2015 or early 2016 which will include the construction of a new patient wing at the NorthBay Medical Center site.
May 27, 2015
The CMFA recently issued bonds for the Anaheim Public Utilities Electrical System. The proceeds of the Bonds will be used by the City to finance costs of various components of the City’s Distribution System capital improvement program over the Fiscal Years ending June 30, 2016 and 2017. Planned improvements include, among other things, a variety of substation improvements, including the addition of new transformer capacity at the Canyon Substation, the completion of the new Harbor Substation and a variety of other improvements, equipment replacements and upgrades for existing substations
May 27, 2015
May 27, 2015
Proceeds of the Bonds will be used refund a portion of outstanding bonds and to finance or refinance various rehabilitation and replacement projects to improve the Water System’s service reliability, as well as the construction of new facilities and upgrades to improve and augment the water supply and delivery capabilities of the Water System, including construction of water storage improvements, including the replacement and rehabilitation of the infrastructure of the La Palma Reservoir, new or replacement groundwater wells, upgrades of existing pump stations, rehabilitation and expansion of the Lenain Treatment Plant, and various water main relocation and replacement projects.
May 27, 2015
The CMFA has issued $20,800,000 in Tax-Exempt Financing to MidPen Housing. Proceeds from the bonds will be used to finance a new multi-family housing facility known as 6800 Mission Apartments located in Daly City, California. The 4-story housing facility will provide 51 families with quality, affordable housing.
Apr 13, 2015
The CMFA issued $131,725,000 in tax-exempt financing for Azusa Pacific University. The Bonds will be used to refinance prior revenue bonds and to acquire, construct and equip an approximately 68,000 square foot science center located at 701 East Foothill Boulevard on the west campus of the University. The funds will also be used to acquire the Crestview Apartments, an approximately 320 unit apartment facility located at 801 East Alosta Avenue for the purpose of providing housing to students.
Apr 3, 2015
The CMFA recently approved a $26,665,000 transaction for SDORI Charter School Properties, LLC. The proceeds of the tax-exempt bonds will be used to finance and refinance the acquisition, construction, expansion, renovation of, and equipping of several Julian Charter School facilities. The financing of these facilities will have a positive impact on the communities of Temecula, Murrieta and Encinitas by providing additional educational facilities and improving existing facilities.
Apr 3, 2015
The CMFA recently approved an $11MM transaction for South County Housing Corporation. The Camphora Apartments is a new construction replacement of an existing affordable housing project. The Camphora Farmworker Labor Camp was originally constructed in the early 1960’s as part of the Bracero program, which brought single migrant farm workers into the U.S. The project has fallen into disrepair due to the lack of ongoing maintenance. The developer plans to demolish the existing structures and replace them with four two story LEED Platinum design buildings containing 44 affordable apartments. The units will be restricted rental units to those with incomes between 50-60% AMI. Upon the completion these new units will provide affordable housing for 55 years in the City of Soledad.
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