Public Finance that Supports the California Dream: Education, Housing, and Infrastructure
Kosmont Financial Services (KFS) is pleased to announce the successful closing of multiple financing issues used to:
Support housing development
Finance local roadway improvements
Construct a major school facility
#1. The City of Mountain House has closed on three Special Tax Bond issues to be used to finance major in-tract infrastructure to support ongoing housing construction; enabling the City to continue its growth and provide infrastructure and community amenities quickly and efficiently.
CITY OF MOUNTAIN HOUSE
COMMUNITY FACILITIES DISTRICT NO. 2024-1
(PUBLIC FACILITIES AND SERVICES)
SPECIAL TAX BONDS, SERIES 2025
$8,750,000 Improvement Area No. 6
$6,000,000 Improvement Area No. 7
$5,805,000 Improvement Area No. 8
#2. The City of Santa Fe Springs, a vital hub in the LA region’s industrial market, recently closed a $31.81 million financing to fund the repair and resurfacing of key industrial roads and arterial streets, along with the rehabilitation of potholes and curbsides throughout the City.
CITY OF SANTA FE SPRINGS
PUBLIC FINANCING AUTHORITY
2025 SPECIAL PARCEL TAX REVENUE BONDS
(SANTA FE SPRINGS ROAD IMPROVEMENTS)
$31,810,000
#3. And finally...a hearty congratulations to our friends at Westside Neighborhood School (WNS) on the award of their building permit!
WNS issued $90 million in Education Revenue Bonds in 2024 to acquire and improve its recently purchased building in the Playa Del Rey neighborhood of Los Angeles. The approved building permit means transformation of this industrial property into a school can bring WNS one step closer to the realization of its dream to own its facilities...a dream decades in the making!
CALIFORNIA MUNICIPAL FINANCE AUTHORITY
EDUCATIONAL FACILITIES REVENUE BONDS
(WESTSIDE NEIGHBORHOOD SCHOOL PROJECT)
SERIES 2024
$90,000,000
Kosmont Financial Services
serves as Municipal Advisor to the City of Mountain House, City of Santa Fe Springs, and Westside Neighborhood School
