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CSCDA Celebrates 30 Years of Community Development

January 3, 2018

The California Statewide Communities Development Authority (CSCDA) is pleased to announce its 30th Anniversary.  CSCDA was created in 1988 by the League of California Cities and the California State Association of Counties to issue industrial development bonds on behalf of its members.  Over the next 30 years, CSCDA evolved into one of the top ten issuers in the country, having issued more than $60 Billion in bonds for affordable housing, nonprofit organizations, critical infrastructure and other public benefit projects.

Below are a few highlights of CSCDA’s 2017 calendar year activities:
  • 501c3 Nonprofit Bonds Issued – $748,435,000
  • Affordable Housing Bonds Issued – $896,849,376 (creating or preserving more than 4,800 housing units)
  • Infrastructure Bonds Issued – $113,358,593
  • Property Assessed Clean Energy (PACE) Bond Issuances – up 48%
  • New Markets Tax Credit Allocation Issued – $55,000,000
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