Vol. 1, No. 2, Published June 8, 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 May 2015.
| Education | |||||
| Approval Date | Recipient Name | Type | Amount | City | Authority* |
|---|---|---|---|---|---|
| 5/18/2015 | Aspire ERES Academy | 2011 Lottery Funding Round | $15,180,306 | Oakland | CSFA |
| 5/18/2015 | Higher Learning Academy | Proposition 1D Funding Round | $5,875,297 | Sacramento | CSFA |
| 5/28/15 | University of the Pacific | Bond Financing | $69,000,000 | Stockton | CEFA |
| Health | |||||
| Approval Date | Recipient Name | Type | Amount | City | Authority* |
|---|---|---|---|---|---|
| 5/28/2015 | California-Nevada Methodist Homes | Bond Financing | $35,000,000 | Oakland | CHFFA |
| 5/28/2015 | Mentally and Educationally Retarded Citizens, Inc. | Help II Loan Program | $900,000 | Monterey Park | CHFFA |
| 5/28/2015 | Stanford Health Care | Bond Financing | $175,000,000 | Stanford | CHFFA |
| 5/28/2015 | Kids & Families Together | Help II Loan Program | $515,000 | Camarillo | CHFFA |
| Sustainability and Economic Development | |||||
| Approval Date | Recipient Name | Type | Amount | City | Authority* |
|---|---|---|---|---|---|
| 5/19/2015 | Silevo, Inc. | Sales and Use Tax Eclusion (STE) | $8,971,610 | Fremont | CAEATFA |
| 5/19/2015 | California Waste Solutions, Inc. and/or its Affiliates | Tax-Exempt Bond Allocation | $25,335,000 | Oakland/San Jose | CPCFA |
| Housing | |||||
| Approval Date | Recipient Name | Type | Amount | City | Authority* |
|---|---|---|---|---|---|
| 5/20/2015 | Downtown Hayward Senior Apartments | Private Activity Bond Allocation | $17,500,000 | Hayward | CDLAC |
| 5/20/2015 | Park Village Apartments | Private Activity Bond Allocation | $6,100,000 | Los Angeles | CDLAC |
| 5/20/2015 | Summit Rose Apartments | Private Activity Bond Allocation | $9,100,000 | San Diego | CDLAC |
| 5/20/2015 | Mendota Village and Firebaugh Garden Apartments | Private Activity Bond Allocation | $3,850,000 | Mendota & Firebaugh | CDLAC |
| 5/20/2015 | Amberwood Apartments I & II | Tax-Exempt Bond Project | $233,891 | Hanford | CTCAC |
| 5/20/2015 | Park Plaza Apartments | Private Activity Bond Allocation | $950,000 | Los Angeles | CDLAC |
| 5/20/2015 | PATH Metro Villas I Apartments | Private Activity Bond Allocation | $14,000,000 | Los Angeles | CDLAC |
| 5/20/2015 | Skid Row Southeast 1 Apartments (Scattered Site) | Private Activity Bond Allocation | $8,786,918 | Los Angeles | CDLAC |
| 5/20/2015 | T. Bailey Manor Apartments | Private Activity Bond Allocation | $10,000,000 | Los Angeles | CDLAC |
| 5/20/2015 | St. Timothy's Tower and Manor Apartments | Private Activity Bond Allocation | $16,000,000 | Compton | CDLAC |
| 5/20/2015 | Avenida Crossing Apartments | Private Activity Bond Allocation | $9,000,000 | Lancaster | CDLAC |
| 5/20/2015 | Brethren Manor Apartments | Private Activity Bond Allocation | $19,000,000 | Long Beach | CDLAC |
| 5/20/2015 | Pilgrim Tower Apartments | Private Activity Bond Allocation | $17,800,000 | Los Angeles | CDLAC |
| 5/20/2015 | Beverly Terrace Apartments | Private Activity Bond Allocation | $10,500,000 | Los Angeles | CDLAC |
| 5/20/2015 | Samoa Avenue Apartments | Private Activity Bond Allocation | $10,000,000 | Tujunga | CDLAC |
| 5/20/2015 | St. Timothy's Tower and Manor Apartments | Tax-Exempt Bond Project | $744,670 | Compton | CTCAC |
| 5/20/2015 | Brethren Manor Apartments | Tax-Exempt Bond Project | $897,816 | Long Beach | CTCAC |
| 5/20/2015 | Pilgrim Tower Apartments | Tax-Exempt Bond Project | $1,122,721 | Los Angeles | CTCAC |
| 5/20/2015 | Leaster Apartments | Tax-Exempt Bond Project | $785,390 | Los Angeles | CTCAC |
| 5/20/2015 | Beverly Terrace Apartments | Tax-Exempt Bond Project | $677,475 | Los Angeles | CTCAC |
| 5/20/2015 | Samoa Avenue Apartments | Tax-Exempt Bond Project | $515,189 | Los Angeles | CTCAC |
| 5/20/2015 | Avenida Crossing Apartments | Tax-Exempt Bond Project | $375,884 | Lancaster | CTCAC |
| 5/20/2015 | Vintage Aliso Apartments | Private Activity Bond Allocation | $27,000,000 | Aliso Viejo | CDLAC |
| 5/20/2015 | Lemon Grove Apartments | Private Activity Bond Allocation | $15,371,923 | Orange | CDLAC |
| 5/20/2015 | 815 N Harbor Apartments | Private Activity Bond Allocation | $15,185,948 | Santa Ana | CDLAC |
| 5/20/2015 | Garden Grove United Methodist Church Apartments | Private Activity Bond Allocation | $12,000,000 | Garden Grove | CDLAC |
| 5/20/2015 | 815 N Harbor Apartments | Tax-Exempt Bond Project | $645,226 | Santa Ana | CTCAC |
| 5/20/2015 | Lemon Grove Apartments | Tax-Exempt Bond Project | $797,693 | Orange | CTCAC |
| 5/20/2015 | Garden Grove United Methodist Church Project | Tax-Exempt Bond Project | $568,610 | Garden Grove | CTCAC |
| 5/20/2015 | Vintage Aliso Apartments | Tax-Exempt Bond Project | $1,282,413 | Aliso Viejo | CTCAC |
| 5/20/2015 | Mutual Housing at Foothill Farms Apartments | Private Activity Bond Allocation | $14,000,000 | Sacramento | CDLAC |
| 5/20/2015 | Horizons at Yucaipa Apartments | Private Activity Bond Allocation | $8,200,000 | Yucaipa | CDLAC |
| 5/20/2015 | Virginia Terrace Apartments | Private Activity Bond Allocation | $5,600,000 | Barstow | CDLAC |
| 5/20/2015 | Horizons at Yucaipa Apartments | Tax-Exempt Bond Project | $600,350 | Yucaipa | CTCAC |
| 5/20/2015 | College Park II | Tax-Exempt Bond Project | $1,500,891 | Chino | CTCAC |
| 5/20/2015 | Virginia Terrace Apartments | Tax-Exempt Bond Project | $293,205 | Barstow | CTCAC |
| 5/20/2015 | Mayberry Apartments | Private Activity Bond Allocation | $9,959,732 | San Diego | CDLAC |
| 5/20/2015 | Trolley Residential Apartments | Private Activity Bond Allocation | $15,000,000 | San Diego | CDLAC |
| 5/20/2015 | Cypress Cove Apartments | Private Activity Bond Allocation | $337,000,000 | Escondido | CDLAC |
| 5/20/2015 | Trolley Residential Apartments | Tax-Exempt Bond Project | $845,124 | San Diego | CTCAC |
| 5/20/2015 | John Burton Foundation Housing Complex | Private Activity Bond Allocation | $15,000,000 | San Francisco | CDLAC |
| 5/20/2015 | John Burton Foundation Housing Complex | Tax-Exempt Bond Project | $996,022 | San Francisco | CTCAC |
| 5/20/2015 | Villa La Esperanza Apartments | Private Activity Bond Allocation | $25,544,496 | Goleta | CDLAC |
| 5/20/2015 | Villa La Esperanza Apartments | Tax-Exempt Bond Project | $1,059,590 | Goleta | CTCAC |
| 5/20/2015 | Monterra Redwoods Wheeler Apartments | Private Activity Bond Allocation | $23,000,000 | Gilroy | CDLAC |
| 5/20/2015 | Dinuba Village Apartments | Private Activity Bond Allocation | $5,676,523 | Dinuba | CDLAC |
| 5/20/2015 | Seasons at Simi Valley Apartments | Private Activity Bond Allocation | $6,320,000 | Simi Valley | CDLAC |
| 5/20/2015 | Springville Apartments | Private Activity Bond Allocation | $10,883,139 | Camarillo | CDLAC |
| 5/20/2015 | Seasons at Simi Valley Apartments | Tax-Exempt Bond Project | $278,298 | Simi Valley | CTCAC |
| 5/20/2015 | Springville at Camarillo | Tax-Exempt Bond Project | $730,601 | Camarillo | CTCAC |
| 5/20/2015 | Housing Authority of the County of Marin | Mortgage 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