By LINDA HENDY and LAURIE MILEUR
The Cambria Community Healthcare District announced the successful sale of $5.9 million in general obligation bonds on March 5, 2025. This issuance represents the first and only series from the Measure C-24 bond authorization, which was overwhelmingly approved by 76.8% of district voters in November 2024.
The sale drew significant interest, with 10 financial institutions submitting bids. All told, the District was able to borrow the bond funds at an attractive blended interest rate of 4.42%.
“We are incredibly pleased with the strong market response and the favorable interest rate achieved in this bond sale,” stated Linda Hendy, CCHD Administrator. “This successful issuance is a testament to the fiscal strength of the District, allowing us to move forward with necessary improvements that will directly benefit our residents.”
Proceeds from the sale will be used to replace the community’s ambulance and emergency medical services facility, upgrade services, and improve emergency response times.
The district’s bonds received a strong “A” rating from Standard and Poor’s, reflecting CCHD’s strong resident income, high property values, and solid financial management practices. The S&P noted that the district has stable economic metrics characterized by per-capita income ratios that are above the national average.
“We are thrilled with the results of our bond sale and the tremendous support of our community in approving Measure C-24 clearly prioritize community safety as we do,” Board President Cecilia Montalvo commented. The Board unanimously approved the bond sale at their January board meeting.
For additional information, please contact: District Administrator Cambria Community Healthcare District by email at: lhendy@cambria-healthcare.org or by phone: (805) 927-8304.
