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

Vol. 1, No. 7, Published November 4, 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 October 2015.

Education
Approval Date Recipient Name Type Amount City Authority*
10/29/2015 Claremont McKenna College Bond Financing $125,000,000 Claremont CEFA
10/29/2015 Occidental College Bond Financing $32,436,184 Los Angeles CEFA
10/23/2015 Monseñor Oscar Romero Charter Middle School Lottery Funding Round $1,564,325 Los Angeles CSFA
10/23/2015 High Tech High Revenue Bonds $14,000,000 San Diego CSFA
10/23/2015 Aspire Public Schools Revenue Refunding Bonds $25,000,000 Stockton CSFA
10/23/2015 Escuela Popular Del Pueblo Revenue Bonds $25,000,000 San Jose CSFA
Health
Approval Date Recipient Name Type Amount City Authority*
10/29/2015 Cedars-Sinai Medical Center Revenue Bond Financing $458,000,000 Los Angeles CHFFA
Sustainability and Economic Development
Approval Date Recipient Name Type Amount City Authority*
10/20/2015 California Waste Solutions, Inc. Bond Financing $29,000,000 Oakland / San Jose CPCFA
10/20/2015 Oberson Fuels, Inc. Sales and Use Tax Exclusion $1,136,700 Brawley CAEATFA
10/20/2015 Hanford Renewable Energy, LLC Sales and Use Tax Exclusion $315,583 Hanford CAEATFA
10/20/2015 Space Exploration Technologies Corporation Sales and Use Tax Exclusion $30,326,284 Hawthorne CAEATFA
10/20/2015 Carson Reclamation Authority CALReUSE Remediation Program $5,000,000 Carson CPCFA
10/20/2015 Madera Renewable Energy, LLC Sales and Use Tax Exclusion $168,358 Madera CAEATFA
10/20/2015 Karma Automotive LLC Sales and Use Tax Exclusion $3,216,007 Moreno Valley CAEATFA
10/20/2015 Capital Corrugated, Inc. Tax-Exempt Bond Allocation $3,810,000 Sacramento CIDFAC
10/20/2015 Aemerge, LLC Aemerge RedPak Services Southern California, LLC Revenue Bonds $24,000,000 Hesperia CPCFA
10/20/2015 Bloom Energy Corporation Sales and Use Tax Exclusion $3,153,096 Sunnyvale CAEATFA
Housing
Approval Date Recipient Name Type Amount City Authority*
10/21/2015 Creston Garden Apartments Second Round $3,760,029 State  $1,066,218 Federal Paso Robles CTCAC
10/21/2015 Las Palmas Apartments Tax-Exempt Bond Project $0 State       $998,635 Federal San Leandro CTCAC
10/21/2015 Las Palmas Apartments Private Activity Bond Allocation $22,901,000 San Leandro CDLAC
10/21/2015 Hayward Four Apartments Private Activity Bond Allocation $37,525,000 Hayward CDLAC
10/21/2015 The Oaks Apartments Tax-Exempt Bond Project $0 State        $427,132 Federal Walnut Creek CTCAC
10/21/2015 Golden Oak Manor Tax-Exempt Bond Project $0 State       $327,123 Federal Oakley CTCAC
10/21/2015 Mill Creek Village Tax-Exempt Bond Project $0 State       $874,638 Federal Bakersfield CTCAC
10/21/2015 Green Gardens Tax-Exempt Bond Project $0 State        $268,655 Federal Bakersfield CTCAC
10/21/2015 Mill Creek Village Senior Apartments Private Activity Bond Allocation $13,000,000 Bakersfield CDLAC
10/21/2015 PSH Campus Second Round $2,972,595 State  $980,662 Federal Los Angeles CTCAC
10/21/2015 Copper Square Apartments Tax-Exempt Bond Project $0 State   $1,369,297 Federal Lancaster CTCAC
10/21/2015 HCHC Recap I Tax-Exempt Bond Project $0 State         $397,969 Federal Los Angeles CTCAC
10/21/2015 Rowland Heights Terrace Apartments Tax-Exempt Bond Project $0 State        $972,722 Federal Rowland Heights CTCAC
10/21/2015 Bouquet Canyon Senior Apartments Tax-Exempt Bond Project $0 State      $1,526,674 Federal Santa Clarita CTCAC
10/21/2015 Springdale West Apartments Private Activity Bond Allocation $80,000,000 Long Beach CDLAC
10/21/2015 American Gold Star Manor Apartments Private Activity Bond Allocation $55,900,000 Long Beach CDLAC
10/21/2015 Rowland Heights Terrace Apartments Private Activity Bond Allocation $30,114,881 Rowland Heights CDLAC
10/21/2015 Bouquet Canyon Senior Apartments Private Activity Bond Allocation $36,800,000 Santa Clarita CDLAC
10/21/2015 Casa de Oro Apartments Private Activity Bond Allocation $1,724,000 Gonzales CDLAC
10/21/2015 Los Ositos Apartments Private Activity Bond Allocation $4,311,000 Greenfield CDLAC
10/21/2015 Briar Crest + Rosecrest Apartments Tax-Exempt Bond Project $0 State        $434,923 Federal Garden Grove CTCAC
10/21/2015 Sunrise Meadows Tax-Exempt Bond Project $0 State      $479,259 Federal Rancho Cordova CTCAC
10/21/2015 The Groves at Manzanita Apartments Tax-Exempt Bond Project $0 State       $509,192 Federal Carmichael CTCAC
10/21/2015 Summit at Fair Oaks Tax-Exempt Bond Project $0 State        $406,902 Federal Fair Oaks CTCAC
10/21/2015 Kenneth Park Apartments Tax-Exempt Bond Project $0 State        $494,540 Federal Carmichael CTCAC
10/21/2015 California Housing Finance Agency Private Activity Bond Allocation $150,000,000 Sacramento CDLAC
10/21/2015 Sycamore Terrace Tax-Exempt Bond Project $0 State         $586,517 Federal Upland CTCAC
10/21/2015 Maplewood Apartments Tax-Exempt Bond Project $0 State        $525,977 Federal Lakeside CTCAC
10/21/2015 Torrey Vale Apartments Tax-Exempt Bond Project $0 State       $433,598 Federal San Diego CTCAC
10/21/2015 Torrey Vale Apartments Private Activity Bond Allocation $7,000,000 San Diego CDLAC
10/21/2015 O'Farrell Towers Tax-Exempt Bond Project $0 State     $1,754,405 Federal San Francisco CTCAC
10/21/2015 Park Sunset Apartments Tax-Exempt Bond Project $0 State        $533,226 Federal San Francisco CTCAC
10/21/2015 Alice Griffith Phase 3A Tax-Exempt Bond Project $0 State       $2,300,000 Federal San Francisco CTCAC
10/21/2015 Alice Griffith Phase 3A Apartments Private Activity Bond Allocation $31,500,000 San Francisco CDLAC
10/21/2015 Ocean View Manor Apartments Private Activity Bond Allocation $4,536,975 Morro Bay CDLAC
10/21/2015 Plum Tree West Apartments Tax-Exempt Bond Project $0 State        $654,355 Federal Gilroy CTCAC
10/21/2015 Colorado Park Apartments Tax-Exempt Bond Project $0 State       $996,654 Federal Palo Alto CTCAC
10/21/2015 Plum Tree West Apartments Private Activity Bond Allocation $22,849,036 Gilroy CDLAC
10/21/2015 Villa Garcia Tax-Exempt Bond Project $0 State        $498,314 Federal Thousand Oaks CTCAC

*Authorities in which the State Treasurer chairs: California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA), California Debt Limit Allocation Committee (CDLAC), California Educational Facilities Authority (CEFA), California Health Facilities Finance Authority (CHFFA), California Industrial Development Financing Advisory Commission (CIDFAC), California Pollution Control and Financing Authority (CPCFA), California School Finance Authority (CSFA), and  California Tax Credit Allocation Committee (CTCAC).

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