The Successor Agency to the Former Community Redevelopment Agency of the City of Santa Ana, established in 2011, is located in Santa Ana, California, and aims to promote economic development and revitalization within the city. This agency oversees the management of former redevelopment projects and is dedicated to utilizing tax increment financing to support various public facilities and infrastructure improvements.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| SAADEV 3.87% 2026-09-01 USDSuccessor Agency to Former Community Rdvlpmnt Agency of City Santa Ana | United States | 2026-09-01 | 3.867 | 3.93 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the agency has actively issued bonds to fund redevelopment initiatives, with its initial bond issuance occurring in 2012. Notably, in 2020, the agency issued a series of bonds for $30 million to finance critical infrastructure projects, achieving a competitive yield of 3.25%, which was favorable compared to industry averages. These bonds often feature provisions allowing early redemption, enhancing their appeal to retail investors seeking liquidity. Recent news highlights the agency’s commitment to transparency in financial reporting and ongoing efforts to stabilize its fiscal environment in the aftermath of the pandemic.