The CMFA Issues Tax Exempt Bonds for Whittier College

Whittier College is a cosmopolitan vanguard of 21st century society, recognized worldwide as a distinctive and relevant liberal arts college, offering additional graduate degrees in both education and law. More than 40 percent of Whittier College undergraduates, and three of its four Rhodes Scholars, are from underrepresented ethnic and international groups; this kind of cultural diversity, which permeates both classroom and campus community, profoundly strengthens intellectual discourse and provides a realistic exposure to the kind of world students will enter upon graduation.

Recently, the CMFA issued tax exempt bonds for the college. In addition to refunding the college’s variable rate bonds, proceeds were used to fund the construction and equipping of a new residence hall, a science and learning center, the completion of adjacent site work, building access, connections to public utilities, environmental assessment and an ADA compliant pathway in connecting the site of other areas of the campus and allowed for the completion of upgrades to the electrical distribution system.

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