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Home > News > News Articles > 2020 > October > ​League-sponsored bond agency issues taxable bonds for Oakland school
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​League-sponsored bond agency issues taxable bonds for Oakland school

October 28, 2020
The California Statewide Communities Development Authority (CSCDA) announced the closing of a $35 million tax-exempt loan that will benefit Oakland students in grades K through 12.
 
CSCDA partnered with First Republic Bank and Hawkins, Delafield & Wood, LLP to provide the tax-exempt loan to refinance existing educational facility loans for Head-Royce School and also provide new funding for a capital project associated with the expansion of the south side of the school campus.
 
Since 1979, Head-Royce has been an independent, college-preparatory, coeducational, nondenominational school, which now occupies a 22-acre campus in a residential area of Oakland. Its mission is to inspire in its students a lifelong love of learning and pursuit of academic excellence, to promote understanding of and respect for the diversity that makes our society strong, and to encourage constructive and responsible global citizenship.
 
The League’s co-sponsorship of CSCDA continues to be a significant benefit for League members. CSCDA has issued more than $63 billion in tax-exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools, and other fundamental services.
 
CSCDA is a joint powers authority created in 1988 and is sponsored by the League of California Cities and the California State Association of Counties. 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.
 
Visit CSCDA’s website for additional information on the ways in which CSCDA can help your city.


 
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