Intersections: A Monthly Go-To for Reliable Facts and Analysis About California's Debt, Investments and Economy
 

Vol. 1, No. 3, Published July 6, 2015

In This Edition

Other Resources

Significant Financings

Treasurer John Chiang oversees several boards, commissions and authorities that award financing, tax credits, grants, loans, and other benefits aimed at promoting school projects, health care facilities, sustainable economic development and housing. Below is a summary of significant projects approved in June 2015.

Education
Approval Date Recipient Name Type Amount City Authority*
6/25/2015 The Academy of Alameda Elementary School Revolving Loan Fund $250,000 Alameda CSFA
6/25/2015 Castlemont Primary Academy Revolving Loan Fund $250,000 Oakland CSFA
6/25/2015 Castlemont Junior Academy Revolving Loan Fund $250,000 Oakland CSFA
6/25/2015 Oakland Unity Middle School Revolving Loan Fund $250,000 Oakland CSFA
6/25/2015 Pepperdine University Bond Financing $95,000,000 Malibu CSFA
6/25/2015 Method Schools K-8 Revolving Loan Fund $250,000 Arcadia CSFA
6/25/2015 Summit Preparatory Charter School Revolving Loan Fund $250,000 Los Angeles CSFA
6/25/2015 YPI Valley Public Charter High School Revolving Loan Fund $250,000 Pacoima CSFA
6/25/2015 Method Schools High Revolving Loan Fund $250,000 Arcadia CSFA
6/25/2015 Libertas College Preparatory Charter School Revolving Loan Fund $250,000 Santa Monica CSFA
6/25/2015 Collegiate Charter High School of Los Angeles Revolving Loan Fund $250,000 Los Angeles CSFA
6/25/2015 Equitas Academy Charter School #3 Revolving Loan Fund $250,000 Los Angeles CSFA
6/25/2015 Ednovate High School No. 2 Revolving Loan Fund $250,000 Los Angeles CSFA
6/25/2015 Clear Passage Educational Center Revolving Loan Fund $250,000 Long Beach CSFA
6/25/2015 Fenton Academy for Social and Emotional Learning Revolving Loan Fund $250,000 Sunland CSFA
6/25/2015 Fenton STEM Academy: Elementary Center for Science, Technology, Engineering, and Math Revolving Loan Fund $250,000 Sunland CSFA
6/25/2015 University Preparatory Value High School Revolving Loan Fund $250,000 Los Angeles CSFA
6/25/2015 California Prep Monterey Revolving Loan Fund $250,000 no physical site CSFA
6/25/2015 Chapman University Bond Financing $130,000,000 Orange CSFA
6/25/2015 GOALS Academy Revolving Loan Fund $250,000 Anaheim CSFA
6/25/2015 Golden Valley Charter Schools II Revolving Loan Fund $250,000 Orangevale CSFA
6/25/2015 Paramount Collegiate Academy Revolving Loan Fund $250,000 Sacramento CSFA
6/25/2015 New School of San Francisco Revolving Loan Fund $250,000 San Francisco CSFA
6/25/2015 One Purpose School Revolving Loan Fund $250,000 San Francisco CSFA
6/25/2015 NextGeneration STEAM Academy at River Islands Revolving Loan Fund $250,000 Tracy CSFA
6/25/2015 Alpha: Cindy Avitia High School Revolving Loan Fund $250,000 San Jose CSFA
6/25/2015 Voices College-Bound Language Academy at Morgan Hill Revolving Loan Fund $250,000 San Jose CSFA
6/25/2015 Voices College-Bound Language Academy at Mt. Pleasant Revolving Loan Fund $250,000 San Jose CSFA
6/25/2015 SPARK Charter School Revolving Loan Fund $250,000 Sunnyvale CSFA
6/25/2015 California Prep Sutter K-7 Revolving Loan Fund $250,000 no physical site CSFA
6/25/2015 California Prep Sutter 8-12 Revolving Loan Fund $250,000 no physical site CSFA
6/25/2015 Empowering Possibilities International Charter Revolving Loan Fund $250,000 West Sacramento CSFA
Health
Approval Date Recipient Name Type Amount City Authority*
6/25/2015 Department of Behavioral Health Mental Health Wellness Grant Program $995,904 Hanford CHFFA
6/25/2015 Department of Mental Health Mental Health Wellness Grant Program $135,000 Los Angeles CHFFA
6/25/2015 Human Services Agency Mental Health Wellness Grant Program $500,000 Ukiah CHFFA
6/25/2015 Department of Health and Human Services Mental Health Wellness Grant Program $5,732,583 Sacramento CHFFA
6/25/2015 Department of Behavioral Health Mental Health Wellness Grant Program $3,054,094 San Bernardino CHFFA
Sustainability and Economic Development
Approval Date Recipient Name Type Amount City Authority*
6/16/2015 California Waste Solutions, Inc. and/or its Affiliates Tax-Exempt Volume Cap Allocation $45,000,000 Oakland   CPCFA
6/16/2015 U.S. Corrugated of Los Angeles, Inc. Sales and Use Tax Exclusion $23,969,087 Santa Fe Springs CAEATFA
6/16/2015 The Monadnock Company Sales and Use Tax Exclusion $6,475,000 City of Industry CAEATFA
6/16/2015 T2 Energy, LLC Sales and Use Tax Exclusion $4,737,500 Vista CAEATFA
6/16/2015 Efficient Drivetrains, Inc. Sales and Use Tax Exclusion $5,008,800 Milpitas/ Dixon CAEATFA
Housing
Approval Date Recipient Name Type Amount City Authority*
6/10/2015 94th and International Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,498,475 Federal
$0 State		 Oakland CTCAC
6/10/2015 Stargell Commons 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,014,677 Federal
$0 State		 Alameda CTCAC
6/10/2015 Harper Crossing 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $785,008 Federal
$0 State		 Berkeley CTCAC
6/10/2015 Downtown Hayward Senior Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $810,487 Federal $3,192,826 State Hayward CTCAC
6/10/2015 Parlier Garden Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $262,369 Federal $1,023,543 State Parlier CTCAC
6/10/2015 Trailside Terrace 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $902,561 Federal $3,521,044 State Reedley CTCAC
6/10/2015 Fresno Edison Apartments (Phase I) 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $946,302 Federal
$0 State		 Fresno CTCAC
6/10/2015 Firebaugh Gateway 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $450,041 Federal $1,755,686 State Firebaugh CTCAC
6/10/2015 Garden Valley Homes 1 Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $573,973 Federal
$0 State		 San Joaquin CTCAC
6/10/2015 Creamery Row Townhomes (Redwood Pond) 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $563,018 Federal
$0 State		 Arcata CTCAC
6/10/2015 Malan Street Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $750,835 Federal $2,929,135 State Brawley CTCAC
6/10/2015 Anchor Place 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $2,439,285 Federal $7,320,052 State Long Beach CTCAC
6/10/2015 Movietown Square 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,769,298 Federal
$0 State		 West Hollywood CTCAC
6/10/2015 Mosaic Gardens at Willowbrook 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $837,327 Federal $2,508,479 State Compton CTCAC
6/10/2015 The Meridian Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $2,500,000 Federal
$0 State		 Los Angeles CTCAC
6/10/2015 Silver Star Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,050,836 Federal $3,153,454 State Los Angeles CTCAC
6/10/2015 Cielito Lindo Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,630,222 Federal
$0 State		 Los Angeles CTCAC
6/10/2015 Tiki Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $694,628 Federal $2,043,080 State Huntington Parks CTCAC
6/10/2015 Gundry Hill 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,825,661 Federal
$0 State		 Signal Hill CTCAC
6/10/2015 Arlington Square 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $925,111 Federal $2,776,167 State Los Angeles CTCAC
6/10/2015 Dudley Street Senior Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,349,474 Federal
$0 State		 Pomona CTCAC
6/10/2015 Skid Row Southeast 1 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $593,290 Federal $1,161896 State Los Angeles CTCAC
6/10/2015 T. Bailey Manor 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $659,066 Federal $2,556,377 State Los Angeles CTCAC
6/10/2015 Gustine Garden Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $279,452 Federal $1,039,851 State Gustine CTCAC
6/10/2015 Valle Vista Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $437,193 Federal $1,708,494 State Lincoln CTCAC
6/10/2015 Vista Rio Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $801,807 Federal
$0 State		 Jurupa Valley CTCAC
6/10/2015 Mobley Lane Apartments (AKA Greystone Apartments) 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $572,935 Federal
$0 State		 Hemet CTCAC
6/10/2015 Cherrywood Senior Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $299,709 Federal
$0 State		 Beaumont CTCAC
6/10/2015 Mutual Housing at Foothill Farms 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $654,627 Federal $1,424,963 State Sacramento CTCAC
6/10/2015 Buena Vista Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $515,897 Federal $2,012,600 State Hollister CTCAC
6/10/2015 Sagewood Manor Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $506,771 Federal
$0 State		 Twentynine Palms CTCAC
6/10/2015 1435 Imperial 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,266,743 Federal
$0 State		 San Diego CTCAC
6/10/2015 Ouchi Courtyards 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $868,089 Federal
$0 State		 San Diego CTCAC
6/10/2015 Cypress Cove Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,374,225 Federal
$0 State		 Escondido CTCAC
6/10/2015 Hunters View Block 10 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $2,500,000 Federal
$0 State		 San Francisco CTCAC
6/10/2015 Mountain View Townhomes 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $351,435 Federal $1,371,010 State Tracy CTCAC
6/10/2015 Diamond Cove Townhomes 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $533,306 Federal
$0 State		 Stockton CTCAC
6/10/2015 Franco Center Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,022,372 Federal
$0 State		 Stockton CTCAC
6/10/2015 Zettie Miller's Haven 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,230,184 Federal $3,689,177 State Stockton CTCAC
6/10/2015 University Avenue Senior Housing 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,441,632 Federal
$0 State		 East Palo Alto CTCAC
6/10/2015 Lompoc Gardens 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,054,941 Federal
$0 State		 Lompoc CTCAC
6/10/2015 Miller Plaza / Stanley Horn Homes 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $676,099 Federal
$0 State		 Lompoc CTCAC
6/10/2015 Casa Del Pueblo Senior Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,585,283 Federal $3,417,962 State San Jose CTCAC
6/10/2015 The Woodlands 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,173,263 Federal
$0 State		 Redding CTCAC
6/10/2015 Karuk Homes I 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $874,302 Federal $3,409,157 State Yreka CTCAC
6/10/2015 Cloverdale Family Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $891,973 Federal $3,479,740 State Cloverdale CTCAC
6/10/2015 Oakdale Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $288,039 Federal $1,124,986 State Oakdale CTCAC
6/10/2015 Kristen Court Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $1,037,896 Federal $4,049,011 State Live Oak CTCAC
6/10/2015 Belmont Family Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $393,325 Federal $1,534,428 Sate Exeter CTCAC
6/10/2015 Visalia Village 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $376,143 Federal $1,467,399 State Visalia CTCAC
6/10/2015 Westside Palm Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $442,029 Federal $1,726,146 State Tulare CTCAC
6/10/2015 El Monte West Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $297,915 Federal $1,164,026 State Dinuba CTCAC
6/10/2015 Dinuba Village 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $308,456 Federal $1,215,128 State Dinuba CTCAC
6/10/2015 Blackberry Oaks Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $350,842 Federal
$0 State		 Sonora CTCAC
6/10/2015 Winters Apartments 2015 First Round of Federal 9% and State Low Income Housing Tax Credits $243,229 Federal $948,878 State Winters CTCAC

*Authorities which the State Treasurer chairs: California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), California Health Facilities Finance Authority (CHFFA), California Pollution Control Financing Authority (CPCFA), California Schools Finance Authority (CSFA), and California Tax Credit Allocation Committee (CTCAC).

See raw data: Financing numbers broken out by state legislative district