Case Studies

The CSDA Finance Corporation has assisted special districts of all types with funding for mission-critical property acquisition, construction, equipment purchases, and more.



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Refinancing Through CSDA Finance Corporation Saves District Thousands

Feather River Recreation and Park District refinanced approximately $3 million in previous debt through the CSDA Finance Corporation. The district estimates they will be saving between $275,000 to $500,000 annually, through the life of the loan. Said the general manager, “Ours was not an easy transaction. I have to say that the financing team we have been working with has gone above and beyond. It has been an extremely positive experience."

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Camarillo Healthcare District Financing

With a $600,000 financing from the CSDA Finance Corporation, Camarillo Health Care District (CHCD) was able to complete the remodel of their Building Hope Adult Day Center. The Center uses state-of-the-art technology to help make life easier for caregivers, and offers enrichment programs and activities for Center participants.
Heyward

Hayward Area Recreation and Park District receives $15 million financing

The financing plan, which is the largest amount in HARD’s history, allows the district to move forward with multiple projects. General Manager John Gouveia stated that the Board of Directors took a bold step in approving this financing plan. Though it is a large sum and a huge obligation, the end result will be the acquisition of a very desirable parcel of land that will one day make a great park and the jump-starting of several other exciting projects that might have otherwise taken years to begin.

In recognizing the importance of creating more open space for the communities it serves, HARD will use about a third of the proceeds to purchase the East Bay Municipal Utility District 24-acre site commonly known at the Redwood Filtration Plant property, located in Castro Valley. Other upgrades and expansions are planned for San Lorenzo Community Park, Hayward’s Kennedy Park and Fairmont Terrace Park in San Leandro.
 On behalf of the Hayward Area Recreation and Park District, we want to thank the CSDA Finance Corporation for making this transaction happen. It was quite a learning experience and we’re very thankful that we had your expertise.
- John Gouveia 
Pleasant Hill Recreation and Park District

Financing the Finishing Touches for Pleasant Hill Recreation and Park District

Pleasant Hill Recreation and Park District completed construction of their new Teen and Senior Centers. The buildings were built with a bond measure that could be used only for construction. Furnishing and equipping each of these beautiful new buildings was beyond the scope of the original bond.

While the furniture fund raising campaign had been successful, some of the larger pledges were to be paid to the district over a five year period and the district needed new furniture now. They launched a $1.8 million capital campaign to purchase the furnishings and equipment necessary to enhance the district’s multitude of programs and events for many years. The pledges will come in during the next five years, so, they turned to the CSDA Finance Corporation for help to purchase the furnishings.
 
Mark Blair, Accounting Supervisor at the district, said, “I found CSDA Finance Corporation to be both professional and efficient. We were able to obtain the quote and close the desired loan at competitive rates well within the timeframes to fill the need for the loan. I would recommend CSDA Finance Corporation to others.”