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Volunteers of America Secures Tax-Exempt Debt Through the CMFA

The CMFA issued $4,700,000 in tax-exempt bond proceeds to Volunteers of America in order to refund the outstanding California Municipal Finance Authority Insured Revenue Bonds (Southern California Development Corporation of VOA, Inc.), Series 2011, issued to make a loan to the Corporation to finance the acquisition, renovation and equipping of two buildings located at 2300-2301 East 7th Street, National City, California, to be operated as a residential facility for treatment and recovery of alcohol and drug addiction, replacing three separate leased facilities in the City of San Diego and to prepay a taxable bank loan from California Bank and Trust incurred to finance additional expenses related to the Project

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