November 17, 2021
The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $29,015,000 in tax-exempt bonds for San Francisco Campus for Jewish Living (SFCJL) located in San Francisco, California.
SFCJL serves approximately 1,800 patients and residents each year on its nine-acre campus. Non-residential care is offered through JHSF’s short-term and rehabilitation services unit for patients who require geriatrically-specialized, interdisciplinary rehabilitation to recover from surgery or an acute illness, and through its acute geriatric psychiatry hospital.
About the Financing:
CSCDA partnered with Cain Brothers and Orrick, Herrington & Sutcliffe, LLP to issue the $29,015,000 AA- rated insured tax-exempt bonds. The bonds will finance remaining construction costs in connection with SFCJL’s new 265,000 square foot facilities that include 190 licensed residential care units for the elderly, comprised of 113 assisted living units and 77 memory care units.
CSCDA is a joint powers authority created in 1988, and is sponsored by the California State Association of Counties and the League of California Cities. More than 530 cities, counties, and special districts are program participants in CSCDA, which serves as their conduit issuer, and provides access to efficiently finance locally-approved projects. CSCDA has issued more than $65 billion in tax-exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools, and other fundamental services.
For more information about CSCDA, please visit: www.cscda.org
For more information about SFCJL, please visit: www.sfcjl.org
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