Become a non-charter member of CalMuni PFA for exclusive financing opportunities.
Join the CalMuni PFA community.
Cost-effective tax-exempt financing is available to community-approved public benefit projects undertaken by its members. CalMuni PFA serves as a conduit issuer for cities, counties, special district, as well as qualified non-profit organizations .
The main advantage of financing through CalMuni PFA is the immediate access to a team of seasoned professionals and dozens of borrowing options that are offered at lowest cost.
Up to 2% of the tax-exempt financing proceeds can be used to cover the costs of issuance, including legal, underwriter, and consultant fees. Additional fees can be financed through taxable borrowing.
The CalMuni PFA Non-Profit Finance Program offers streamlined access to tax-exempt financing for qualified non-profit organizations for the acquisition, design, construction, renovation, and rehabilitation of facilities and equipment. Financing available for educational organizations, healthcare, cultural, community centers, recreational centers and professional associations.
Affordable Multifamily & Senior Housing
The CalMuni PFA Affordable Housing Finance Program offers streamlined access to tax-exempt financing for qualified for-profit and non-profit developers for low-income multi-family and senior housing projects. In addition to the lower interest rates, the issuance of tax-exempt debt helps qualify projects for the federal Low Income Housing Tax Credit Program.Note that affordable housing financing requests are subject to state-imposed allocation volume caps and availability of funding.
The CalMuni PFA Industrial Development Finance Program offers streamlined access to tax-exempt financing for qualified manufacturing, production and processing facilities for acquisition, design, construction, renovation, and rehabilitation of facilities and equipment. At least 75% of the bond proceeds have to be used for core manufacturing purposes and no more than 25% of the proceeds can be used for ancillary office, warehouse, or other space (including loading docks).
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CalMuni PFA Advantage
Benefit from the availability of expert consultants at no extra cost to you. From the time of an inquiry, you will be paired with localized bond counsel and a municipal advisor for specialized consulting on financing your project needs.
CalMuni PFA can finance a variety of public benefit projects with a range from $500,000 to $100,000,000 or higher depending on the project needs.
Low Cost of Borrowing
CalMuni PFA provides access to its diverse sources of capital, leveraging experience and economies of scale to its participants which, in turn, translates into competitive interest rates and lower costs of borrowing.
Public Agencies Benefit
Local agencies benefit because the our experts regular work with SRF, USDA, WIFIA and DOE to ensure that all possible subsidy opportunities are vetted and executed as part of the comprehensive financing plan.
CalMuni PFA works closely with each agency to ensure that financing costs (interest rates and loan costs) are the lowest attainable. These savings ultimately get passed along to community constituents.