Details | 501(c)(3) Nonprofit Public Activity Bond


Funder

 

California Statewide Communities Development Authority

Implementer

 

California Statewide Communities Development Authority

Description

 

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, charter schools, 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, Higher Education Institutions, and Healthcare Facilities. 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.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

Non Profit

Project

 

New Addition to an Existing Building  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

Education

Sustainability

 

Electric Vehicle Charging Infrastructure  |  Electric Vehicles  |  Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

5

Maximum repayment years

 

15

Interest rate comment

 

Incentive