The California Statewide Communities Development Authority (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 530 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 has issued more than $65 billion in tax-exempt bonds to help 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.
Independent Registered Municipal Advisor Exemption
By publicly posting the following written disclosure, CSCDA and its affiliates intend that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule. CSCDA has retained an independent registered municipal advisor. CSCDA is represented by and will rely on its municipal advisor Bridge Strategic Partners LLC to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products. This certificate may be relied upon until December 31, 2022. Proposals may be addressed to CSCDA care of any of the Program Staff listed on CSCDA’s Contact Us webpage.