California Enterprise Development Authority AgendaPacket 2026-06-18
CEDA Authorizes $30 Million Loan for Cardiff Senior Housing
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Description
The California Enterprise Development Authority approved up to $30 million in conduit financing for Cardiff Orthodox Housing Foundation to develop and equip a 61‑unit senior housing project in Cardiff by the Sea. The tax‑exempt Borrower Loan will be repaid solely from project revenues and is subject to San Diego County TEFRA approval.
Contract Details
Contract Amount
Not to exceed $30,000,000
Vendor
CARDIFF ORTHODOX HOUSING FOUNDATION
Agency
California Enterprise Development Authority, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 18, 2026
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APPROVEDIssuing Agency
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Special District
Sacramento, CA
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