- 50+ lenders compete
- 6 financing programs
- $0 to join
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Choose the description that fits, and we will show you where to start.
What We Finance
Six programs. One issuing platform.
Schools, clean energy, growth infrastructure, water systems, nonprofits, and housing. Each program is built around the funding the project qualifies for, the gap until it arrives, and the compliance that follows.
RISE
School modernization and solar for TK–14 districts, with Proposition 2 funding and federal credits where still available stacked against the project, and a student workforce component.
Explore RISE →EnergyCA
Battery storage, efficiency, and resilience for any public agency, with state and utility incentives layered into the financing.
Explore EnergyCA →IMPACT
Developers finance their impact fees through CalMuni PFA. Your agency adopts one resolution and receives the fees at closing.
Explore IMPACT →Water & Wastewater
Revenue bonds and bridge financing for water, wastewater, and recycled water, carried until USDA, SRF, or WIFIA funding arrives.
Explore Water & Wastewater →Nonprofits
Tax-exempt conduit financing for schools, health providers, cultural institutions, and community organizations.
Explore Nonprofits →Housing
Two lanes: workforce housing for public employers on land they already own, and affordable and senior housing from qualified developers.
Explore Housing →More ways we finance: equipment, public buildings, pooled financings, and more →
How the Platform Works
What a public issuing platform actually changes.
CalMuni PFA is the issuer. It is not your agency’s municipal advisor. The Authority’s municipal advisor and bond counsel are engaged by, and act for, the Authority.
What the market offered, side by side
Private placements are distributed to a broad list of banks and institutional investors. Public offerings run a competitive underwriter selection. Competition is used as a governance control, so the board sees what the market offered rather than a single quoted price.
Options can be modeled before anything is committed
Federal and state programs, bank placement, and public market bonds are compared against the project before the financing is sized, so the board sees the alternatives it is choosing among. Detailed financial modeling is an optional service an agency can elect, billed separately.
Shared issuance cost, separate credit
Under the Marks-Roos Local Bond Pooling Act the Authority can issue multiple series under a single trust. Agencies share the cost of issuance while each obligation stays legally and financially separate. No cross-liability.
Membership
Free to join. No obligation to finance.
Agencies that finance through the Authority are members. Joining takes a single action by your governing board, pledges none of your agency’s funds, and does not commit you to a financing. Optional services an agency elects, such as financial modeling, are billed separately.
Who We Serve
California public agencies and the partners who build with them.
Developers and 501(c)(3) organizations participate with the consent or approval of the local agency where the project is located.
A sample of the cities, districts, and authorities that are members of CalMuni PFA.
Tell us about your project. We’ll tell you what’s possible.
A direct conversation with the people who would run your financing, no obligation, no sales pitch.
Request a consultation