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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 [...]