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Treasurer Fiona Ma announces approval of loan to build new roof for San Benito's only hospital

State Treasurer Fiona Ma announced the approval of a $2 million low-interest loan to San Benito County’s hospital to replace a 50,000-square-foot roof in such dire need of repair that a portion failed in recent years, causing a halt in services for several months and a loss of revenue.
The two percent, 20-year loan was issued through the California Health Facilities Financing Authority (CHFFA), chaired by Treasurer Ma, for the benefit of San Benito Health Care District doing business as Hazel Hawkins Memorial Hospital (San Benito).
The loan comes from the Healthcare Expansion Loan Program (HELP II), administered by CHFFA. The program is aimed at small and rural facilities, which often do not have access to low-cost loans. San Benito expects to begin the project in August 2021 in order to complete the new roof by late fall 2021. ....

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Assemblywoman Quirk-Silva announces funding provided to AD 65

Assemblywoman Sharon Quirk-Silva (D – Fullerton) continues to assist the elderly and homeowners through funding provided by state agencies. Both the California Department of Housing and Community Development (HCD) and the California Health Facilities Financing Authority (CHFFA) have provided funding for various programs.
The CHFFA recently awarded Community SeniorServ, Inc. a HELP II Loan in the amount of $1,490,000. The HELP II Loan Program, administered by CHFFA, provides low interest loans up to 1,500,000 to nonprofit health facilities. These funds provide much needed capital to small facilities that often have difficulty accessing funds to care for our underserved and vulnerable population. Furthermore, the City of Cypress was awarded the Local Early Action Planning (LEAP) program grant in the amount of $150,000 to help provide funding to accelerate much needed housing production and create strong healthy, and resilient communities with affordable housing. This funding ....

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