Author Archive | april

Update on the Lamplighter Salinas Project

Lamplighter Salinas had a lot going for it: a great location just off Hwy 101, attractive trees and landscaping, a large Clubhouse/Rec Center with adjoining pool and grassy picnic area, a grammar school and community park just across the street. The only problem was that management was not exactly friendly to residents. It was a […]

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Independent Cities Finance Authority

Manufactured Home Communities

In today’s troubled housing market, the need for more affordable housing solutions is clear. Low- and moderate-income families, as well as senior citizens on fixed incomes are particularly vulnerable to the volatility of pricing, as more and more land is being converted into expensive vacation homes and upscale condos. ICFA has found great success in […]

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City of Oceanside Becomes Associate Member

The City Council of Oceanside will take action on September 19th, 2012 to become an associate member of ICFA. Once the city is approved, the organization will move forward with the review of the eligibility of the Laguna Vista Mobile Estates, in Oceanside, for funding.  

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Independent Cities Finance Authority

Utilities

In addition to its work in health care, education, and housing, ICFA also funds a variety of capital improvements for municipalities throughout California, impacting the economic development of our communities. In the past few years, ICFA issued tax-exempt bonds to build much-needed infrastructure (including bridges and waste-water processing plants), and to buy essential, life and […]

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Independent Cities Finance Authority

Charter Schools

Charter schools are a critical component of California’s education system, serving over 500,000 students statewide. Though charter schools receive operating funds much like traditional public schools, they do not receive funding for facilities. As a result there is a gap between the number of seats available to students and the demand, with nearly 50,000 eager […]

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Independent Cities Finance Authority

Healthcare

Healthcare in our country is at a crossroads. No matter where we stand politically, we all agree that hospitals need the best possible equipment and personnel available. Lives depend on it. That is why ICFA works with hospitals facing tough economic decisions. In March of 2012, ICFA assisted the Downey Regional Medical Center in raising […]

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Bonds Issued for Augusta Communities

The Independent Cities Finance Authority issued two new bonds on July 24, 2012, to fund mobile home communities, including the Vally View Mobile Home Park, the Hacienda Mobile Estates, Monterey Manor Mobile Estates and the Villa Montclair Mobile Home Park. Each of the these communities is part of the Augusta Homes non-profit housing organization that […]

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Approval of Millennium Housing Project in Palm Springs

The ICFA board voted today to approve the refinancing of  Millennium Housing of California, a 254-unit manufactured home community located in Palm Springs. On April 18th Palm Springs became an associate member of ICFA. George Turk of Millennium Housing provided a report on all aspects of financing of the project and indicated that some of […]

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