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California Pollution Control Financing Authority

Overview

The California Pollution Control Financing Authority (CPCFA) has been providing low-cost innovative financing to California businesses since 1972.

As a “conduit issuer” of tax-exempt private activity bonds, CPCFA is able to facilitate low cost financing to qualified waste and recycling projects. Other projects to control pollution can qualify for tax-exempt financing as allowed by federal tax law. Examples of recent assistance include projects to purchase clean-air vehicles by waste companies, recycle used oil, convert animal waste to clean burning fuel, and develop construction and demolition debris recycling programs.

CPCFA works with participating financial institutions to assist small business with loans up to $1.5 million. CPCFA also assists with the clean-up of contaminated sites through a $60 million grant and loan program and a site-assessment loan program.

As of June 30, 2008, CPCFA has helped finance over $13 billion in projects through

Fast Facts as of 9/30/08

 

Tax Exempt Bond Financing Program

Total Bonds Issued Over Program Lifetime:
$12,028,477,437
Total Bonds Outstanding
$3,758,027,299

Total Bonds Issued 1/01/08 - 9/30/08:
$48,265,000
5 Small Businesses Funded
0 Large Businesses Funded

California Capital Access Program (CalCAP)

Total Loan Amount Enrolled
Over Program Lifetime:
$1,269,592,468
Total Loan Amount Enrolled
Jan 08 - Sep 08:
$47,352,255
Total Number Loans Enrolled
Over Program Lifetime:
7,197
Total Number Loans
Enrolled Jan 08 - Sep 08:
381
Number of Micro Loans
Enrolled Jan 08 - Sep 08:
242

 

Sustainable Communities Grant and Loan (SCGL) Program

Total Funds Awarded Over Program Lifetime:
21 Grantees Awarded $6,585,070
Total Funds Awarded Jan - Sep 08:
7 Grants Approved for a Total of $2,423,512

California Recycle Underutilized Sites (CALReUSE) Program

26 Site Assessment Loans totaling $1,929,413