C.4.2 JPAs (Joint Powers Authorities/Agencies)
ASSOCIATION OF BAY AREA GOVERNMENTS (ABAG) FINANCE AUTHORITY FOR NONPROFIT CORPORATIONS
The ABAG Finance Authority has provided conduit financing to various public and private organizations throughout the State of California since 1978. Its programs provide convenient, cost saving, and secure means to meet the capital financing needs of public agencies and their non profit partners serving the public interest.
https://abag.ca.gov/services/finance/index.html
CALIFORNIA COMMUNITY COLLEGE FINANCING AUTHORITY
The California Community College Financing Authority was created to accomplish the purposes of the JPA Law and Bond Pooling Act, including the financing of Public Capital improvements and the purchase of certain obligations, including tax and revenue anticipation notes, issued by Members of the California Community College Financing Authority or other public agencies or the sale of such obligations or issuance of bonds of the Authority.
www.ccleague.org/district-services/financing-authority
CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY
The California Association for Local Economic Development established the California Enterprise Development Authority (CEDA), a JPA, to address gaps in Economic Development financing. Specifically, CEDA’s goal is to issue industrial development bonds (IDBs) for small to medium sized California manufacturers. IDBs are a powerful incentive for business expansion and location. CEDA also issues 501(c)3 Non Profit bonds and has recently seen success in refinancing existing debt for non-profit businesses such as private schools, community centers, and health clinics. Additionally, CEDA can form assessment districts and issue bonds to finance energy and conservation upgrades for property owners within member jurisdictions through the Figtree Financing PACE program.
https://ceda.caled.org/about-ceda/
CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CMFA)
CMFA’s mission is to support economic development, job creation and social programs throughout the State of California while giving back to California communities. By supporting our member communities and their local charities with a portion of revenue generated through the issuance of taxable and tax exempt bonds for public, private and non profit entities, the Authority is able to directly contribute to the health and welfare of the residents of California.
www.cmfa-ca.com/
CALIFORNIA PUBLIC FINANCE AUTHORITY (CalPFA)
CalPFA is a political subdivision of the State of California established under the Joint Exercise of Powers Act for the purpose of issuing tax exempt and taxable conduit bonds for public and private entities throughout California. CalPFA was created by Kings County and the Housing Authority of Kings County. CalPFA is empowered to promote economic, cultural, and community development opportunities that create temporary and permanent jobs, affordable housing, community infrastructure and improve the overall quality of life in local communities.
www.calpfa.org/
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CSCDA)
CSCDA was created in 1988, under California’s Joint Exercise of Powers Act, to provide California’s local governments with an effective tool for the timely financing of community based public benefit projects.
Currently, more than 500 cities, counties and special districts have become Program Participants to CSCDA – which serves as their conduit issuer and provides access to an efficient mechanism to finance locally approved projects. CSCDA helps local governments build community infrastructure, provide affordable housing, create jobs, make access available to quality healthcare and education, and more. CSCDA provides an important resource to our local government members.
http://cscda.org/
INDEPENDENT CITIES FINANCE AUTHORITY
The Independent Cities Finance Authority provides local government, nonprofits and other agencies the clout they need to finance important projects throughout California including housing projects, charter schools, hospitals and more.
www.icfauthority.org/