Advancing California Finance Authority (ACFA)
In 1978, ABAG created the Finance Authority for Nonprofits, or FAN, to provide conduit financing for the capital financing needs of local jurisdictions. Since then, FAN has provided $8 billion in low cost investment capital for affordable housing, hospitals, schools and other local infrastructure needs.
In 2018, we created a more efficient, user-friendly successor to FAN called Advancing California Financing Authority, or ACFA. The authority provides secure, low cost and convenient financing for public agencies and their partners in the Bay Area.
ACFA helps entities access low cost, tax-exempt bond financing for affordable, multi-family housing; retirement facilities; new hospitals and medical clinics; transit systems; schools; non-pro铿乼 cultural institutions; water and wastewater systems; and other essential member-owned infrastructure projects serving the community.
Each year ACFA will contribute surplus fee revenue to our general fund to expand ABAG鈥檚 successful regional programs and create new ones.
Focus on Affordable Housing
ACFA assists in the construction and preservation of affordable housing and provides direct access to the municipal bond market. This will help fund affordable housing projects and support local and regional housing policies that help local jurisdictions meet their housing needs.
Key Benefits
- Low-cost conduit 铿乶ancing services
- Operates under enhanced internal accounting controls and procedures
- Staffed by industry professionals experienced in local financing and development challenges
- Ease of execution through on-line application process
- 91国产ovides for a convenient and easy conduit borrowing, assisting with 铿乶ancing needs
ACFA Governing Board
The Governing Board provides oversight and is made up of the following elected officials from the ABAG Finance Committee:
- David Rabbitt, Supervisor, County of Sonoma 鈥 Chair
- Belia Ramos, Supervisor, County of Napa 鈥 Vice Chair
- Lisa Motoyama, Councilmember, City of El Cerrito
- Carlos Romero, Councilmember, City of East Palo Alto
ACFA Credit Committee
The Credit Committee reviews applications.
ACFA Governing Board Meetings & Agenda
Find out when the next ACFA Governing Board meets, and get archives for past meetings.
ACFA Credit Committee Meetings & Agendas
Find out when the next ACFA Credit Committee meets. Get archives for past meetings.