YMCA of Silicon Valley Partners with the CMFA
The YMCA of Silicon Valley was founded in 1867 when the YMCA Santa Clara was created as a refuge for young people. Today, the organization is the 15th largest YMCA in the nation and serves members from communities as far as Gilroy in the south to Redwood City in the north along the Pacific Coast. From its’ 10 physical locations, two camps and 70+ affiliated sites the Corporation offers a wide range of programs and services to enable people to live healthier lifestyles. Their wellness-based programs focus on exercise, nutrition, stress management, health education, therapeutic activities, avoidance of drug and alcohol abuse, chronic disease prevention and management and other specialized needs. A lifelong progression of health related activities, experiences, and education is offered for all ages and abilities, and also encourages participants to give back and help strengthen their community.
This valuable community partner recently chose the CMFA as Issuer for a $14.5MM bond issue. Proceeds were used to assist in the purchase and renovate a new corporate headquarters building. In addition, proceeds were used to refinance existing indebtedness and fund improvements to their other locations through Santa Clara Valley.