Community College Housing Deal Driven by California Crisis

California’s housing crisis has propelled a community college to issue junk bonds to fund housing for its students.

Lead manager Stifel priced $68.3 million in college housing revenue bonds for the California School Finance Authority on July 15 to support the project at Santa Rosa Junior College.

Santa Rosa Junior College is the first community college in California to issue bonds for student housing through a State Treasurer's Office conduit.

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