Details | California Lease Finance Program


Funder

 

California Statewide Communities Development Authority

Implementer

 

California Statewide Communities Development Authority

Description

 

The CSCDA California Lease Finance Program (CaLease) allows local agencies to finance equipment and real estate. The program has been established using a Master Lease Agreement with each respective local agency to provide for efficient subsequent purchases in the future. CaLease provides local agencies with access to multiple funding institutions who competitively bid on their project. This comprehensive lease management program allows local government the ability to bid and manage leases without dedicating significant staff time to the process. More than 40 local agencies in California have participated in the CaLease program, including the cities of Elk Grove and Pi0le and the counties of Santa Clara, Santa Barbara and Sola0. Minimum project sizes start at $500,000 for equipment and $1 million for real property. To maximize efficiencies and control costs, CSCDA has designated a team of financial and legal experts to partner with on the CaLease Program. This design reduces issuance cost via negotiated fees based upon program volume while maintaining consistency in the program documents.Since inception, CSCDA has issued over $125.9 million for more than 161 projects throughout California.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Performance Contract

Category

 

Financing

Territory

 

California

Applicant type

 

Public Agency

Project

 

Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building

Sector

 

Public

Sub-sector

 

City  |  County  |  Special Districts

Sustainability

 

Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive