Charter School Facilities Credit Enhancement Grant Program
Can you apply?
This grant is for California charter schools seeking to finance or refinance facility projects. Applicants must be charter schools authorized to operate in California. The program funds debt service reserves for acquisition, renovation, or construction of school buildings. Existing facility debt can also be refinanced through this program.
Organizations must be legally chartered schools operating in California. The grant supports capital improvements and facility financing only. Non-charter schools and out-of-state organizations are not eligible.
This grant is for California charter schools seeking to finance or refinance facility projects. Applicants must be charter schools authorized to operate in California. The program funds debt service reserves for acquisition, renovation, or construction of school buildings. Existing facility debt can also be refinanced through this program.
Organizations must be legally chartered schools operating in California. The grant supports capital improvements and facility financing only. Non-charter schools and out-of-state organizations are not eligible.
Program description
Designed to fund debt service reserves for the financing of acquisition, renovation, or construction of charter school facilities, or the refinancing of existing charter school facility debt.
Who can apply
Eligible applicants
Details
This grant is for California charter schools seeking to finance or refinance facility projects. Applicants must be charter schools authorized to operate in California. The program funds debt service reserves for acquisition, renovation, or construction of school buildings. Existing facility debt can also be refinanced through this program.
Organizations must be legally chartered schools operating in California. The grant supports capital improvements and facility financing only. Non-charter schools and out-of-state organizations are not eligible.
How to apply
Application links
Required documents
- Charter school authorization documentation
- Detailed facility project plans or renovation specifications
- Financial statements and debt schedules
- Debt service reserve analysis and projections
- Evidence of school board approval
Program contact
- 📧 csfa@treasurer.ca.gov
- 📞 1-213-620-4608
Funding track record
Past applications & awards under this program (California Grants Portal) — how competitive it is.
By fiscal year
| Fiscal year | Applications | Awarded | Award rate |
|---|---|---|---|
| 2022-2023 | 1 | 1 | 100% |
| 2023-2024 | 1 | 1 | 100% |
| 2020-2021 | — | — | — |
| 2021-2022 | 1 | — | 0% |
| 2024-2025 | 1 | 1 | 100% |
Source: California Grants Portal
FAQ
What type of organizations can apply?
California charter schools authorized to operate in the state. Traditional public districts and non-charter schools do not qualify.
What activities does this grant fund?
Debt service reserves for acquisition, renovation, construction, or refinancing of charter school facilities. It does not fund operating expenses or program costs.
Is there a deadline for applications?
The program operates on a rolling basis. Contact the State Treasurer's Office for current application windows and timelines.
Do I need to provide matching funds?
No cost sharing is required for this program. However, applicants should verify current requirements with the administering agency.
How much funding can we receive?
Award amounts vary based on facility project scope and debt structure. Contact the State Treasurer's Office for specific funding information.
💡 Tips for applicants
- Contact the State Treasurer's Office early to understand current program requirements and application procedures. Rolling programs can have variable timelines.
- Prepare detailed documentation of your facility project, including construction/renovation plans and financing needs. Strong financial projections strengthen applications.
- Ensure your charter school authorization is current and in good standing with the state. Compliance history matters to state funders.
- Develop a clear debt service reserve plan showing how funds will be used. Demonstrate financial stability to manage facility debt responsibly.
- Work with a finance advisor familiar with charter school facility financing. Complex financing structures require expert guidance.
⚠️ Common mistakes
Failing to confirm current charter school authorization or demonstrating compliance issues with the state. Submitting applications without detailed facility project documentation and financing plans. Misusing funds for non-facility costs like operations or programs.
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