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

Vol. 1, No. 8, Published December 9, 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 November 2015.

Sustainability and Economic Development
Approval Date Recipient Name Type Amount City Authority*
11/17/2015 Space Systems/Loral LLC Sales and Use Tax Exclusion $5,586,000 Palo Alto CAEATFA
Supporting Housing Needs
Approval Date Recipient Name Type Amount City Authority*
11/18/2015 Hayward Four -- Scattered Site Tax-Exempt Bond $0 State  $1,445,436 Federal Hayward CTCAC
11/18/2015 Triangle Court/Friendship Manor Tax-Exempt Bond $0 State  $1,228,999 Federal Richmond CTCAC
11/18/2015 American Gold Star Manor Tax-Exempt Bond $0 State $3,146,547 Federal Long Beach CTCAC
11/18/2015 South County RAD Tax-Exempt Bond $0 State     $311,587 Federal Gonzalez / Greenfield CTCAC

*Authorities in which the State Treasurer chairs: California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) and California Tax Credit Allocation Committee (CTCAC).

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