The California Statewide Communities Development Authority (CSCDA) was created in 1988, under California’s Joint Exercise of Powers Act, to provide California’s local governments with an effective tool for the timely financing of community-based public benefit projects.

Currently, more than 500 cities, counties and special districts have become Program Participants to CSCDA – which serves as their conduit issuer and provides access to an efficient mechanism to finance locally-approved projects. CSCDA helps local governments build community infrastructure, provide affordable housing, create jobs, make access available to quality healthcare and education, and more. CSCDA provides an important resource to our local government members.

Independent Registered Municipal Advisor Exemption

By publicly posting the following written disclosure, CSCDA intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. CSCDA has retained an independent registered municipal advisor. CSCDA is represented by and will rely on its municipal advisor Bridge Strategic Partners LLC to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. This certificate may be relied upon until December 31, 2018. Proposals may be addressed to CSCDA care of any of the Program Staff listed on CSCDA’s Contact Us webpage.

PUBLIC AGENCY PROGRAMS

CaLEASE

This program offers tax-exempt lease financing to public agencies for capital projects, and equipment without the traditional expense or complexity of other finance mechanisms. 

TOTAL ROAD IMPROVEMENT PROGRAM (TRIP)

CSCDA offers a pooled securitization program for local agencies, assisting them in bonding against future payments, allowing them to fund and complete projects today. Borrowers will benefit from reduced issuance costs and better interest rates. The program does not require a pledge of the local agency’s General Fund.

Water & Wastewater Bond Program

This program enables local agencies to benefit from lower costs and ease of execution in funding water and sewer projects.  The pooled issuances are insured by Build America Mutual.

GO SAVERs

GO SAVERs is an innovative “pooled financing” program that assists California public agencies with issuing voter-approved general obligation bonds.
Apply Online

Private Activity Programs

501(c)(3) NONPROFIT

Qualified nonprofit organizations can access low-cost, tax-exempt bonds to finance or refinance the acquisition, construction, installation, expansion or rehabilitation of land, buildings, and equipment. A 501(c)(3) nonprofit organization can finance projects at a lower interest rate than conventional financing because the interest paid to bondholders is exempt from federal (and in some instances state) income taxes. 

EXEMPT FACILITIES / SOLID WASTE

This program offers companies seeking cost-effective, tax-exempt capital to finance the acquisition and rehabilitation, construction of, or the acquisition of new equipment for solid waste and exempt facilities.

HOUSING BONDS

For-profit and nonprofit developers can access tax-exempt bonds for the financing of low-income multifamily and senior housing projects. The Bonds may be used to finance or refinance the acquisition and rehabilitation of an existing project or for the construction of a new project, provided the developer agrees to set aside all, or a portion, of the units in a project for individuals and families of very low, low or moderate income. 

IDBS / MANUFACTURING

Eligible manufacturers can access cost-effective, tax-exempt bond proceeds to acquire, construct or rehabilitate manufacturing facilities that promote job creation and retention. Bond proceeds may also be used for the acquisition of new equipment.

Apply Online

PACE Finance Programs

OPEN PACE - PROPERTY ASSESSED CLEAN ENERGY PROGRAM

CSCDA's OPEN PACE program is a turnkey resource for property owners to finance clean energy projects. PACE is a financing tool that allows residential and commercial property owners to secure upfront funding for energy and water-saving improvements, which they repay through a voluntary contractual assessment lien on their property tax bill. Please click here for more information about the program.

Infrastructure Finance Programs

STATEWIDE COMMUNITY INFRASTRUCTURE PROGRAM (SCIP)

SCIP allows participating local agencies to receive impact fees prior to development, while property owners repay the tax-exempt obligation over a thirty year bond term. SCIP may eliminate the need for local agencies to negotiate deferral fee agreements.

COMMUNITY FACILITIES DISTRICT (CFD) FINANCING

The Mello-Roos Community Facilities Act of 1982 permits CSCDA to establish a Mello-Roos Community Facilities District (a “CFD”) which allows for financing of public improvements and services. The services and improvements that Mello-Roos CFDs can finance include streets, sewer systems and other basic infrastructure, police protection, fire protection, ambulance services, schools, parks, libraries, museums and other cultural facilities.

The Latest

CSCDA Issues $5,000,000 in Tax-Exempt Bonds for Monte Vista Christian School

CSCDA Issues $5,000,000 in Tax-Exempt Bonds for Monte Vista Christian School August 9, 2018 The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $5,000,000 in tax-exempt bonds for Monte Vista Christian School (MVCS) located in Watsonville...

CSCDA Releases 2017-18 Fiscal Year Summary

CSCDA Releases 2017-18 Fiscal Year SummaryJuly 17, 2018 The California Statewide Communities Development Authority (CSCDA) is pleased to release its summary of public benefit activities for the year ending June 30, 2018:          * Affordable Housing Bonds Issued...

CSCDA Issues $37,500,000 in Transportation Revenue Certificates of Participation for the City of Salinas

CSCDA Issues $37,500,000 in Transportation Revenue Certificates of Participation for the City of Salinas July 18, 2018 The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $37,500,000 in Transportation Revenue Certificates of...

CSCDA Issues $9,200,000 in Tax-Exempt Bonds for Palmdale Park Apartments

CSCDA Issues $9,200,000 in Tax-Exempt Bonds for Palmdale Park Apartments July 18, 2018 The California Statewide Communities Development Authority (“CSCDA”) is pleased to announce the issuance of $9,200,000 in tax-exempt multifamily affordable housing bonds for Palmdale Park...

CSCDA Issues $46,264,000 in Tax-Exempt Bonds for Pioneer Gardens Apartments

CSCDA Issues $46,264,000 in Tax-Exempt Bonds for Pioneer Gardens Apartments May 30, 2018 The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $46,264,000 in tax-exempt multi-family affordable housing bonds for Pioneer Gardens Apartments in...

CSCDA Issues $187,230,000 in Tax-Exempt Bonds for Viamonte Senior Living

CSCDA Issues $187,230,000 in Tax-Exempt Bonds for Viamonte Senior Living May 24, 2018 The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $187,230,000 in tax-exempt bonds for Viamonte Senior Living, located in Walnut Creek, California.About...

67,548

Affordable

Units Financed

15

Billion

To Assist

Local Agencies

FOUNDED AND SPONSORED BY
California State Association of Counties   League of California Cities