Cal Cities-sponsored bond agency issues more than $209 million in tax-exempt bonds and taxable bonds
Jan 26, 2021
Pleasant Village Apartments
Pleasant Village Apartments in Fresno is an acquisition and rehabilitation of 100 affordable housing units by Pleasant Village Preservation, LP, which provides the community with one-, two-, three-, and four-bedroom apartments to low-income residents.
CSCDA and the project sponsor, 21 Alpha Group, partnered with California Bank & Trust and Orrick, Herrington & Sutcliffe, LLP to provide $10,180,000 in affordable housing bonds to build the project.
Washington Court Apartments
Washington Court Apartments in Los Angeles is an acquisition and rehabilitation of 100 affordable housing units by Washington Court Renewal LP, which provides the community with two-, three-, and four-bedroom apartments to low income residents.
CSCDA and the project sponsor, The National Foundation for Affordable Housing, partnered with Stifel and Orrick, Herrington & Sutcliffe, LLP to provide $24,500,000 in affordable housing bonds to build the project.
The affordable housing projects in the cities of Fresno and Los Angeles will undergo an extensive interior and exterior renovation ensuring that residents have an updated, safe, and affordable community to call home for years to come. The financing for these projects will maintain the affordability of units for low-income tenants for 55 years.
CAISO
CAISO is a nonprofit Independent System Operator (ISO) serving California and one of the largest ISOs in the world, delivering 300 million megawatt-hours of electricity each year and managing about 80 percent of California’s electric flow. It oversees the operation of California’s bulk electric power systems, transmission lines, and electricity market generated and transmitted by its member utilities. The primary stated mission of CAISO is to operate the grid reliably and efficiently, provide fair and open transmission access, promote environmental stewardship, and facilitate effective markets and promote infrastructure development.
CSCDA partnered with RBC Capital Markets and Orrick, Herrington & Sutcliffe, LLP to provide $174,450,000 in A+ rated taxable bonds, refinancing CAISO’s prior issued bonds, and providing more than $20 million in interest savings.
Cal Cities' co-sponsorship of CSCDA continues to be a significant benefit for League members. CSCDA has issued more than $63 billion in tax-exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools, and other fundamental services.
CSCDA is a joint powers authority created in 1988 and is sponsored by the League of California Cities and the California State Association of Counties. More than 530 cities, counties, and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects.
Visit CSCDA’s website for additional information on the ways in which CSCDA can help your city.
Pleasant Village Apartments in Fresno is an acquisition and rehabilitation of 100 affordable housing units by Pleasant Village Preservation, LP, which provides the community with one-, two-, three-, and four-bedroom apartments to low-income residents.
CSCDA and the project sponsor, 21 Alpha Group, partnered with California Bank & Trust and Orrick, Herrington & Sutcliffe, LLP to provide $10,180,000 in affordable housing bonds to build the project.
Washington Court Apartments
Washington Court Apartments in Los Angeles is an acquisition and rehabilitation of 100 affordable housing units by Washington Court Renewal LP, which provides the community with two-, three-, and four-bedroom apartments to low income residents.
CSCDA and the project sponsor, The National Foundation for Affordable Housing, partnered with Stifel and Orrick, Herrington & Sutcliffe, LLP to provide $24,500,000 in affordable housing bonds to build the project.
The affordable housing projects in the cities of Fresno and Los Angeles will undergo an extensive interior and exterior renovation ensuring that residents have an updated, safe, and affordable community to call home for years to come. The financing for these projects will maintain the affordability of units for low-income tenants for 55 years.
CAISO
CAISO is a nonprofit Independent System Operator (ISO) serving California and one of the largest ISOs in the world, delivering 300 million megawatt-hours of electricity each year and managing about 80 percent of California’s electric flow. It oversees the operation of California’s bulk electric power systems, transmission lines, and electricity market generated and transmitted by its member utilities. The primary stated mission of CAISO is to operate the grid reliably and efficiently, provide fair and open transmission access, promote environmental stewardship, and facilitate effective markets and promote infrastructure development.
CSCDA partnered with RBC Capital Markets and Orrick, Herrington & Sutcliffe, LLP to provide $174,450,000 in A+ rated taxable bonds, refinancing CAISO’s prior issued bonds, and providing more than $20 million in interest savings.
Cal Cities' co-sponsorship of CSCDA continues to be a significant benefit for League members. CSCDA has issued more than $63 billion in tax-exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools, and other fundamental services.
CSCDA is a joint powers authority created in 1988 and is sponsored by the League of California Cities and the California State Association of Counties. More than 530 cities, counties, and special districts are program participants in CSCDA, which serves as their conduit issuer and provides access to efficiently finance locally-approved projects.
Visit CSCDA’s website for additional information on the ways in which CSCDA can help your city.