CPCFA Program Overview
As a “conduit issuer” of tax-exempt private activity bonds, CPCFA is able to facilitate low cost financing to qualified waste and recycling projects. Other projects to control pollution and improve water supply can qualify for tax-exempt financing as allowed by federal tax law. Examples of recent assistance include projects to purchase clean-air vehicles by waste companies, construct and operate anaerobic digesters, recycle used oil, convert animal waste to clean burning fuel, and develop construction and demolition debris recycling programs.
In addition, CPCFA administers the California Capital Access Program (CalCAP) which helps participating financial institutions extend credit to small businesses through microloans and larger loans for start-up, expansion and working capital up to $20 million. CPCFA also assists with the clean-up of contaminated sites through a $60 million grant and loan program and a site-assessment loan program known as CALReUSE.
CPCFA partners with sister state agencies to achieve the State’s environmental policy objectives by administering high-impact financing programs designed to assist regulated entities and other stakeholders with accessing private capital.