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, the California Statewide Communities Development Authority (“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 GPM Municipal Advisors, LLC (“GPM”) 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 July 1, 2016.  Proposals may be addressed to CSCDA care of any of the Program Staff listed on CSCDA’s “Contact Us” webpage.  All proposals received will be shared with CSCDA’s municipal advisor.”

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. 

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.

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.

DELINQUENT PROPERTY TAX FUNDING PROGRAM

This program enables cities and districts that do not participate in a county Teeter plan to sell or assign their share of their county's delinquent 1% levy taxes to the CSCDA; and similarly enables Community Facilities and Special Assessment Districts to sell or assign their delinquencies to the CSCDA. This program could also be used by cities and districts that do participate in a Teeter plan, but have some non-Teetered special tax or fund delinquencies.

ENERGY FINANCE PROGRAMS

SUSTAINABLE ENERGY BOND PROGRAM

CSCDA and the Foundation for Renewable Energy and Environment are teaming together to provide public agencies and nonprofit organizations throughout California with access to tax exempt financing for critical sustainable energy investments. View the recorded webinar or download the PDF presentation to learn more.

CALIFORNIA FIRST - PROPERTY ASSESSED CLEAN ENERGY PROGRAM

CaliforniaFIRST is a multi-jurisdiction Property Assessed Clean Energy (PACE) program that provides the size and standardization to catalyze an active, secure energy retrofit marketplace. PACE is a financing tool that allows 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

THE LATEST

CSCDA RFP UPDATE

CSCDA announced that on December 4, its Board of Commissioners approved a contract with Bridge Strategic Partners (BSP) to become CSCDA’s new Program Administrator.  More...

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. 

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.

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.

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