California Infrastructure and Economic Development Bank - IBank

Looking for funding for your infrastructure project?

Connect with federal, state and local agencies to discuss the financial and technical resources available at the CFCC Spring Funding Fair.

You'll be able to learn about currently available infrastructure grant, loan and bond financing programs and options.

Two dates available for the virtual funding fair, register today!

May 21, 9 am to noon: https://bit.ly/4tGuNn4
June 3, 9 am to noon: https://bit.ly/42Eyca4

IBank's work in Washington, DC continues!

Thanks to Congresswoman Judy Chu’s (CA-28) office for a great tour of the U.S. Capitol.

IBank Executive Director and CEO Andy Nakahata has arrived in Washington, DC!

Andy will be speaking at the Council of Development Finance Agencies 2026 CDFA Federal Policy Conference this week.

He'll be sharing his expertise during the session "Small Business Lending & Updates on the State Small Business Credit Initiative."

News Release: IBank Announces Cindy Mendonza as Chief Deputy Executive Director and COO

The California Infrastructure and Economic Development Bank (IBank) today announced that Cindy Mendonza has been appointed Chief Deputy Director and Chief Operating Officer. Mendonza was appointed by Governor Gavin Newsom and will help lead IBank’s mission to support infrastructure development and economic growth across California.

Mendonza brings extensive experience in state government, fiscal management, and legislative affairs. She most recently served as Deputy Director of Fiscal Services at the California Department of Corrections and Rehabilitation (CDCR). Prior to that, she held several leadership roles at CDCR, including Chief of Legislative Affairs.

Her career also includes significant experience at the California Department of Finance, where she served in multiple budget and fiscal analysis roles, including Principal Program Budget Analyst. In addition, Mendonza held leadership positions at the California Prison Industry Authority, overseeing marketing, regulatory compliance, budgeting, and financial planning.

Read the full news release: https://bit.ly/4dwhAYI

Congratulations Andy Nakahata!

The California State Senate has confirmed Andy as Executive Director/CEO of IBank.

Read the full news release: https://bit.ly/4rAHmyv

The IBank Board has approved $10 million in loan financing for Calaveras County to construct a new Animal Services Facility in San Andreas.

Read more about the project: https://bit.ly/4deObSK

IBank Board Approves $10 Million to Build Modern Animal Services Facility in Calaveras County

SACRAMENTO (March 11, 2026) – The California Infrastructure and Economic Development Bank (IBank) Board has approved $10 million in loan financing for Calaveras County to construct a new Animal Services Facility in San Andreas.

The financing, provided through IBank’s Infrastructure State Revolving Fund (ISRF) Program, will enable the county to replace its existing animal shelter, originally built in the 1950s, which no longer meets current building codes and is structurally and operationally obsolete.

The new 10,555-square-foot facility will address longstanding deficiencies while improving animal care, operational efficiency, and public health and safety.

Read the full news release: https://bit.ly/4deObSK

Please welcome Erica Hastings to the IBank team!

Undergrounding utility lines is one of the most effective ways to reduce wildfire risks, improve service reliability, and create safer communities.

Learn how IBank is helping local governments finance their undergrounding projects: https://bit.ly/45MKwas

Learn more about how IBank is helping local governments finance their utility undergrounding projects: https://bit.ly/45MKwas