August 10, 2023

The CSAC Finance Corporation shares updates on two programs – the California Statewide Communities Development Authority (CSCDA) and the Easy Smart Pay Corporation. 

The California Statewide Communities Development Authority (CSCDA)

The California Statewide Communities Development Authority (CSCDA) is pleased to announce the issuance of $67,065,000 in tax-exempt bonds (the “Bonds”) for Odd Fellows of California’s senior living facilities located in the Cities of Napa and Saratoga, California.

About Odd Fellows:

Odd Fellows of California, a 501(c)(3) California public benefit corporation, operates Saratoga Retirement Community and The Meadows of Napa Valley, continuing care retirement communities which offer a variety of residential housing, assisted living, memory care and skilled nursing services.

About CSCDA:

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 $70 billion in tax exempt bonds for projects that provide a public benefit by creating jobs, affordable housing, healthcare, infrastructure, schools and other fundamental services.

About the Financing:

CSCDA partnered with D.A. Davidson and Orrick, Herrington & Sutcliffe, LLP to provide the Bonds for Odd Fellows. The new fixed rate Bonds will be used to refinance prior issued 2012 and 2016 variable rate bonds. Click here to view the closing announcement:  https://cscda.org/2023/08/08/cscda-issues-67065000-in-tax-exempt-bonds-for-odd-fellows-of-california-senior-living-facilities/

For more information about CSCDA, please visit: www.cscda.org
For more information about Odd Fellows, please visit: www.caioof.org/

Easy Smart Pay 

CSAC FC was proud to announce that the Easy Smart Pay (ESP) Corporation - a project established by the CSAC Finance Corporation - was fully formed and functional during the November 17, 2022, CSAC Board of Directors meeting.

At that time, CSAC FC also announced that ten (10) counties had joined the program and since that time we are proud to announce that ESP has grown to 25 counties with additional counties set to onboard ESP in short order. We would like to thank all the participating counties and those who are considering the program to assist their constituents in making affordable and timely property tax payments.

ESP offers the most efficient and cost-effective way to pay local government taxes in monthly installments. CSAC FC looks forward to additional counties utilizing this beneficial service for their taxpayers. For more information regarding ESP please visit: www.easysmartpay.net, contact Alan Fernandes (alan@csacfc.org) or Chase Broffman (chase@csacfc.org) if you have any questions or interest in learning more about this exciting program.