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FINANCIAL_SERVICESAPPROVED

California Enterprise Development Authority AgendaPacket 2026-06-18

MidFirst Bank Selected for Cardiff Housing Financing

Not to exceed $30,000,000 (with current estimates based on $28,400,000 issuance)California Enterprise Development AuthorityMIDFIRST BANKJune 18, 2026

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Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
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Derivita logo
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Description

CEDA authorized MidFirst Bank to provide up to $30 million in tax‑exempt Authority Loans to finance Cardiff Orthodox Housing Foundation’s senior housing project, with current estimates based on a $28.4 million issuance. The bank’s loans to CEDA will be repaid solely from assigned borrower loan payments under the conduit structure.

Contract Details

Contract Amount

Not to exceed $30,000,000 (with current estimates based on $28,400,000 issuance)

Vendor

MIDFIRST BANK

Agency

California Enterprise Development Authority, CA

Contract Type

FINANCIAL_SERVICES

Document Date

June 18, 2026

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