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CEDA’s Tax-Exempt Financing Supports Orange County Bar Foundation’s At-Risk Youth and Family Services

Since 1969, the Orange County Bar Foundation (OCBF) has operated a wide range of programs oriented at keeping at-risk youth in school, healthy, and drug-free through education, counseling, mentoring, and family strengthening.  The OCBF was initially established as the philanthropic arm of the Orange County Bar Association and, in 1981, the organization became an independent 501(c)(3) non-profit agency due to the success and growth of its services, now aiding hundreds of at-risk youth and their families in Orange County every year.

The OCBF has established partnerships throughout the community to address a spectrum of program needs within educational, health, and safety components.  The organization aims to reach at-risk youth early through filling in service gaps within the community as well as extending and facilitating service networks and linkages.  This includes providing educational opportunities that would not otherwise be available to many of the youth the organization serves.

On February 1, 2017, the OCBF and the California Enterprise Development Authority (CEDA) closed a financing of nearly $2,000,000 to fund the various costs in acquiring, constructing and equipping an approximately 8,000-square-foot, two-story commercial office building in Santa Ana.  The OCBF will be relocating their facilities to this newly-purchased building, retaining all of their 12 full-time and 4 part-time positions.  The low-cost financing will enable them to put debt service savings back into their programs.

More information about the Orange County Bar Foundation and its various programs can be found online at: https://ocbarfoundation.org/.

About CEDA:  In 2006, CALED established CEDA, a Joint Powers Authority (JPA), to address gaps in Economic Development financing.   CEDA is committed to providing alternative financing options to manufacturers, 501(c)(3) non-profits, and California communities, with the ultimate mission of supporting economic development.  To learn more about CEDA, please visit its web site at https://ceda.caled.org/.

 

Orange County Bar Foundation Closing Reception
From left to right: Helen Schaubmayer (CALED/CEDA), Kirk Dowdell (Dowdell Consulting Group), Jeff Spinelli-Faris (Farmers & Merchants Bank), Gurbax Sahota (CALED/CEDA), and Sam Balisy (Kutak Rock)