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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 $2.5 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 January 1, 2011, CPCFA has helped finance over $13.4 billion in projects through

Fast Facts as of 9/30/11

 

Tax Exempt Bond Financing Program

Total Bonds Issued Over Program Lifetime:
$13,129,407,437
Total Bonds Outstanding
$3,841,448,622

Total New Money Bonds Issued 1/1/11 - 9/30/11:
$25,045,000
Total Refunding Bonds Issued 1/1/11 - 9/30/11:
$30,000,000
2 Small Businesses Funded
1 Large Business Funded

California Capital Access Program (CalCAP)

(These numbers include the Air Resources Board (ARB) Truck Loan Program figures)

Total Number Loans Enrolled
Over Program Lifetime:
9857

For the Period: 1/1/11 – 9/30/11

Total Dollars Loaned
$73,852,447.44
Number Loans Enrolled
1056
Number of Micro Loans Enrolled
632
Amount in Microloans Enrolled
$7,873,936.68
Average CalCAP Loan Amount
$69,936.03

CalCAP ARB Truck Loan Program

For the Period: 1/1/11 – 9/30/11

Total Number of Loans Enrolled
350
Total Number of Trucks Purchased/Retrofitted
381
Total Amount Loaned
$23,090,514.53

 

Sustainable Communities Grant and Loan (SCGL) Program

Total Funds Awarded Over Program Lifetime:
21 Grantees Awarded $6,585,070

Total Funds Awarded
Jan 2007 - December 2009
7 Grants Approved for a Total of $2,423,512

California Recycle Underutilized Sites (CALReUSE) Program

Assessment Program

Total Funds Awarded Over Program Lifetime:
43 Site Assessment Loans Totaling $4,863,842

Remediation Program

Total Funds Awarded Over Program Lifetime:
30 Remediation Grants and Loans Totaling $55,000,000

Funds Disbursed to Awardees for the Period 1/01/11 – 9/30/11
$5,737,589.28

Funds Disbursed to Awardees Over Program Lifetime:
$21,216,523.88