Benefiting Counties, Benefiting Communities
When the CSAC Finance Corporation was formed in 1986 for the purpose of providing a public benefit no one would have guessed just how expansive the organization would become. In response to queries from counties regarding financing assistance, the CSAC Finance Corporation was formed and started creating a chain of public/private partnerships that have now spanned close to three decades and have grown to provide an impressive amount of public benefit to California Counties and residents.
The first program of the CSAC Finance Corporation was the creation of the California Statewide Communities Development Authority (CSCDA); created in 1988. CSCDA was formed as a joint powers authority to provide California’s local governments with an effective tool for timely financing of community-based projects.