501(c)(3) Nonprofit

Overview

CSCDA can assist 501(c)(3) nonprofit organizations by providing access to low-cost, tax-exempt bonds (“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.

CSCDA has issued over $26 billion in qualified 501(c)(3) bonds for more than 250 nonprofit organizations throughout California, including hospitals and medical centers, private educational institutions, student housing facilities, multifamily housing facilities, museums, cultural centers, and assisted living facilities to name a few.

Please note our policies on K-12 Private Education Institutions and Higher Education Institutions.

In addition to its traditional 501(c)(3) Nonprofit Conduit Bond Program, CSCDA offers a Small Issue Public Benefit Program designed to cost-effectively assist projects ranging from $1 million to $7 million. CSCDA will work directly with the borrower to privately place the Bonds with qualified institutional buyers. The advantages of the Small Issue Program include low-cost access to tax-exempt markets, a pre-established finance team and a fixed interest rate.

For more information, please contact Scott Carper at (925) 765-8525.

Online Application

To complete the on-line 501(c)(3) Application form: Apply Now

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California State Association of Counties League of California Cities