ApprovedOther

TIP Property Caritas LLC Tax-Exempt Revenue Bond Financing

Description

Up to $15 million in tax-exempt revenue bonds through the California Enterprise Development Authority for the nonprofit's buildings — a TEFRA pass-through with no city money at risk.

Impact summary

Strengthens a 60-year-old nonprofit's sustainability so it can keep providing food, utility, and housing assistance across the county.

Applicant

Name: TIP Property Caritas LLC (Community Action Partnership)
Address: 662, 678 and 696 South Tippecanoe Avenue, San Bernardino, CA

At a glance

Hearings: 1
Public comments: 3
Total mentions: 1

Last vote · City Council

Approved5–0, unanimous

Last discussed Apr 15, 2026.

Meeting timeline (1)

Apr 15, 2026Approved 5–0

CLOSED SESSION AND REGULAR MEETING OF THE MAYOR AND CITY COUNCIL - Apr 15, 2026

Up to $15 million in tax-exempt revenue bonds through the California Enterprise Development Authority for the nonprofit's buildings — a TEFRA pass-through with no city money at risk.

Related issues (1)

Tax-Exempt Bonds for Community Action Partnership

Last discussed Apr 15, 2026

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