Intersections: A Monthly Go-To for Reliable Facts and Analysis About California's Debt, Investments and Economy

Vol. 1, No. 1, Published May 6, 2015

 

Significant Financings

Treasurer John Chiang oversees several boards, commissions and authorities that award financing, tax credits, grants, loans, and other benefits aimed at promoting school projects, health care facilities, sustainable economic development and housing. Below is a summary of significant projects approved in the first quarter of 2015.

Education
Approval Date Recipient Name Type Amount City Authority*
5/28/2015 University of the Pacific Tax-Exempt, Taxable $69,000,000 Stockton CSFA
2/11/2015 Alliance for College-Ready Public Schools Facilities Tax-Exempt, Taxable $80,000,000 Los Angeles CSFA
1/14/2015 Rocketship Education Tax-Exempt, Taxable $29,000,000 Redwood City, San Jose CSFA
Health
Approval Date Recipient Name Type Amount City Authority*
2/26/2015 Marshal Medical Center Bond Financing $35,000,000 Placerville CHFFA
2/26/2015 Northern California Presbyterian Homes & Services, Inc. Bond Financing $80,000,000 San Francisco CHFFA
1/29/2015 Life Steps Foundation, Inc. Help II Loan Program $1,000,000 Santa Maria CHFFA
Sustainability and Economic Development
Approval Date Recipient Name Type Amount City Authority*
1/17/2015 Silevo, Inc. Sales and Use Tax Exclusion (STE) $8,971,610 Fremont CAEATFA
3/17/2015 Gordon Brush Mfg. Co., Inc. Tax Exempt (TE), Taxable Bonds (TX) & Tax-Exempt IDB Allocation (IDB) $10,000,000 Industry CIDFAC
1/20/2015 United Pacific Waste Tax Exempt (TE), Taxable Bonds (TX) $18,255,000 TE
$210,000 TX
Pico Rivera/ Irwindale CPCFA
1/20/2015 Pacific Ethanol Madera, LLC Sales and Use Tax Exclusion (STE) $401,087 Madera CPCFA
4/21/2015 GKN Aerospace Chem-tronics, Inc. Sales and Use Tax Exclusion (STE) $5,420,497 Santa Ana CAEATFA
4/21/2015 California Renewable Power, LLC Sales and Use Tax Exclusion (STE) $1,101,315 Perris CAEATFA
2/17/2015 Rudolph Foods Company, Inc. Tax Exempt (TE), Taxable Bonds (TX) & Tax-Exempt IDB Allocation (IDB) $9,925,000 TE $500,000 TX Beaumont CIDFAC
3/17/2015 Spooner's Woodworks, Inc. Tax Exempt (TE), Taxable Bonds (TX) & Tax-Exempt (IDB) Allocation $5,555,000 TE  $645,000 TX Poway CIDFAC
1/20/2015 Blue Line Transfer, Inc. Tax Exempt (TE), Taxable Bonds (TX) $22,720,000 $11,945,000 South San Francisco CPCFA
3/17/2015 J. Harris Industrial Water Treatment, Inc. dba Puretec Industrial Water New Tax-Exempt Bonds, Tax Exempt Bond (IDB) Allocation $3,435,000 new allocation    $1,895,000 refunding of 2004 IDBs San Jose CIDFAC
3/17/2015 Haas Automation, Inc. Sales and Use Tax Exclusion (STE) $6,856,086 Oxnard CAEATFA
Housing
Approval Date Recipient Name Type Amount City Authority*
3/18/2015 Northgate Terrace Apartments Tax-Exempt Bond Project $1,593,171 Oakland CTCAC
3/18/2015 Northgate Terrace Apartments Tax-Exempt Bond Project $29,500,000 Oakland CTCAC
1/21/2015 Friendship Manor & Triangle Court Apartments Supp. Tax-Exempt Bond Project $2,000,000 Richmond CDLAC
3/18/2015 Stoneman Village Apartments Bond Financing $11,050,000 Pittsburg CDLAC
1/21/2015 Westridge at Hilltop Tax-Exempt Bond Project $2,173,381 Richmond CTCAC
3/18/2015 Amberwood Apartments I and II Bond Financing $4,300,000 Hanford CDLAC
3/18/2015 Leaster Apartments (Scattered Site) Bond Financing $13,600,000 Los Angeles CDLAC
1/21/2015 Wilshire Manor Apartments Tax-Exempt Bond Project $27,000,000 Los Angeles CDLAC
3/18/2015 Anton Portola Apartments Tax-Exempt Bond Project $2,308,841 Irvine CDLAC
3/18/2015 Peter Tran Bond Financing $24,379,370 Sacramento CDLAC
3/18/2015 Anton Arcade Apartments Tax-Exempt Bond Project $1,071,415 Sacramento CTCAC
3/18/2015 Anton Arcade Apartments Bond Financing $15,500,000 Sacramento CDLAC
3/18/2015 Summit Rose Apartments Tax-Exempt Bond Project $429,816 Escondido CTCAC
3/18/2015 The Crossings at Escondido Manor Apartments Tax-Exempt Bond Project $377,566 Escondido CTCAC
3/18/2015 Betel Apartments Tax-Exempt Bond Project $757,888 San Francisco CTCAC
3/18/2015 Block 7W Mission Bay South Apartments Bond Financing $61,427,368 San Francisco CDLAC
3/18/2015 6800 Mission Family Housing Tax-Exempt Bond Project $1,254,501 Daly City CTCAC
3/18/2015 6800 Mission Family Housing Apartments Bond Financing $21,500,000 Daly City CDLAC
3/18/2015 Edgewater Isle Apartments Bond Financing $21,336,900 San Mateo CDLAC
3/18/2015 Edgewater Isle Rehabilitation Tax-Exempt Bond Project $1,325,047 San Mateo CTCAC
3/18/2015 Ocean View Apartments Bond Financing $18,075,000 San Mateo CDLAC
3/18/2015 Ocean View Senior Apartments Tax-Exempt Bond Project $1,052,616 Pacifica CTCAC
1/21/2015 Pilgrim Terrace Apartments Tax-Exempt Bond Project $13,088,000 Santa Barbara CDLAC
3/18/2015 Butterfield Retirement Apartments Bond Financing $19,000,000 Morgan Hill CDLAC
1/21/2015 Butterfield Retirement Tax-Exempt Bond Project $889,053 Morgan Hill CTCAC
3/18/2015 Madrone Apartments Tax-Exempt Bond Project $206,293 Petaluma CTCAC
3/18/2015 Madrone Village Apartments Bond Financing $4,216,000 Petaluma CDLAC
3/18/2015 Park Lane Apartments Bond Financing $15,803,000 Petaluma CDLAC
1/21/2015 Peter Tran Bond Financing $63,833,263 Various Cities CDLAC
3/18/2015 Johnson Garden Apartments Bond Financing $600,000 Ventura CDLAC
3/18/2015 Las Cortes Tax-Exempt Bond Project $2,319,691 Oxnard CTCAC
5/20/2015 Housing Authority of the County of Marin Mortgate Credit Certificate Program $2,009,342 *Various CDLAC

* Authorities which the State Treasurer chairs: California Health Facilities Finance Authority (CHFFA), California Schools Finance Authority (CSFA), California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), California Industrial Development Financing Advisory Commission (CIDFAC), California Tax Credit Allocation Committee (CTCAC), and California Debt Limit Allocation Committee (CDLAC).

See raw data: Financing numbers broken out by state legislative district