Latest News
Financing a $100 Million Project? Look to CEDA for Help
The health and wellbeing of a community are important for their quality of life and economic prosperity. When residents are healthy, they can work, run their small businesses, and contribute to the social fabric of their community. Having partners and organizations that provide health services, such as the AIDS Healthcare [...]
Crespi Carmelite High School and CEDA close $8 Million Tax-Exempt Financing to Fund School Improvements
The California Enterprise Development Authority (CEDA) offers tax-exempt financing to 501(c)(3) non-profit organizations looking to realize savings in debt service payments—savings that can be put back into the organization’s operations. In July 2019, Crespi Carmelite High School and CEDA completed an $8 million tax-exempt financing to help the school in [...]
$32.5 Million Tax-Exempt Financing with CEDA Helps Expand Samueli Academy’s Mission to Educate Underserved Youth in Orange County
Samueli Academy is a 501(3)(3) non-profit charter high school located in Santa Ana that currently serves students in grades 9 through 12. The Academy’s mission is to provide a transformational learning environment to local, underserved and foster teens that offers consistency, stability, and support. The Academy was established as an [...]
Wilshire Boulevard Temple Closes $50 Million Tax-Exempt Financing with CEDA to Complete Master Building Plan
WILSHIRE BOULEVARD TEMPLE Founded in 1862 and renamed in 1929, Wilshire Boulevard Temple is one of the oldest and highly-respected reform Jewish congregations in the country. The Temple has two locations to serve communities in the Los Angeles area: the historic Erika J. Glazer Family Campus in Wilshire Center/Koreatown and [...]
CEDA Closes $7.1 Million Tax-Exempt Financing with Sequoia Affordable Housing Foundation for Assisted Living Facility in Vista
CEDA Closes $7.1 Million Tax-Exempt Financing with Sequoia Affordable Housing Foundation for Assisted Living Facility in Vista Sequoia Affordable Housing Foundation (SAHF) was organized in 2018 as a California non-profit corporation with a mission to provide affordable, high-quality assisted living facilities for low-income seniors and other qualified individuals. SAHF sought [...]
St. Helena Montessori School and CEDA Close $4.9 Million Tax-Exempt Financing
St. Helena Montessori School has been a part of the Napa Valley area since 1981. Incorporated in 1989 as a 501(c)(3) non-profit public benefit corporation, the school offers an alternative educational program that encompasses Montessori learning on a working farm, connecting students to the agricultural roots of the local area. [...]
CEDA’s IDB Program Supports California Manufacturers & the Passing of AB 1547 Removes Barriers to this Low-Cost Financing Tool
Manufacturing Day 2018 Since 2012, the first Friday of October has been designated as Manufacturing Day℠ or MFG DAY to celebrate manufacturing successes. This year it is October 5, 2018. The National Association of Manufacturers (NAM) produces MFG DAY annually with support from the Hollings Manufacturing Extension Partnership (MEP) and [...]
CEDA Closes Tax-Exempt Financing with Verge Center for the Arts in Sacramento for approximately $1.7 million
Verge Center for the Arts was founded in 2008 in Sacramento, CA as a commercial art gallery with two exhibition spaces and 20 artist studios. With the intent to further its reach in showing exhibitions and providing low to no cost artist workspace and educational programming, Verge moved to a [...]
The San Francisco Conservatory of Music Closes $100 Million Deal Through CEDA to Finance a 12-Story Performing Arts Center & Residential Tower
The San Francisco Conservatory of Music (SFCM) has provided internationally-acclaimed music education in San Francisco for the past 100 years. In 2006, SFCM moved to its 50 Oak Street campus in downtown San Francisco and has become an important asset to the cultural district, serving over 400 students (both undergraduate [...]
Dividend Finance Closes the First Commercial PACE Bonds for Solar Installation on HUD Multifamily Properties
The California Enterprise Development Authority’s (CEDA) PACE Program Administrator, Dividend Finance, closed two Commercial PACE bonds in March 2018, totaling $1,066,882. Each bond funds the installation of carport-mounted solar PV arrays on neighboring Department of Housing and Urban Development (HUD)-regulated seniors apartment complexes in Fontana, CA. The apartment complexes,Piazza Apartments [...]
Affordable Senior Housing Foundation Closes $5.1 Million Tax-Exempt Financing with CEDA to Acquire Oak Hill Residential Care Facility
Affordable Senior Housing Foundation is a 501(c)(3) non-profit organization which was established to manage and operate the Oak Hill Residential Care facility in Escondido, California. Oak Hill Residential Care, also a 501(c)(3) non-profit, was organized in 1997 and is a licensed residential care facility for the elderly. Oak Hills’s [...]