Bond Financing Program
🏛 State Treasurer's Office (California)
✓ Free, no account · Source: California Grants Portal · Last verified Sep 5, 2026
Can you apply?
This grant is for charter schools serving California students. Eligible schools must serve a high percentage of students eligible for free or reduced-price meals. Schools located in elementary boundaries serving similar demographics also qualify. The program supports annual facility costs, not capital projects. Only California charter schools can apply.
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Program description
Eligibility General Requirements -Be regionally accredited by the Western Association of Schools and Colleges; -Be a private, non-profit, post-secondary degree granting educational institution that does not factor race or ethnicity into their admissions process, and is located in California or that has educational facilities in California that are regionally accredited; -Offer a broad curriculum in secular subjects, and the information and coursework used to teach secular subjects must be neutral with respect to religion; -Have been operating for a minimum of three years prior to submitting an application for financing and provide three years of audited financial statements; -Have revenue or collateral sufficient to cover debt service on the proposed financing. Use of Funds Funds may be used for: -Construction -Remodeling and renovation -Land acquisition -Purchase of or lease of equipment -Refinancing or refunding of prior debt -Costs of bond issuances and reimbursement of prior expenses Loan Terms -Market determined fixed or variable rate interest rate, depending on maturity -No loan maximum -Maximum loan maturity typically 40 years -Loan security provisions and bond covenants that correspond with bond rating Fees -$1,000 non-refundable application fee -Initial fee of 0.15% of the par amount up to $10 million, plus 0.05% of the par amount in excess of $10 million (up to a maximum fee of $75,000) -Annual administrative fee of 0.015% of the par amount outstanding (up to a maximum of $12,000) Required Documentation -Three most recent fiscal years of audited financial statements
Who can apply
Eligible applicants
Demographic focus
How to apply
Application links
Key dates & requirements
Required documents
- Application form
- Documentation of student demographics
- Evidence of free/reduced-price meal eligibility rates
- Facility cost justification
- School budget information
Program contact
- 📧 erica.rodriguez@treasurer.ca.gov
- 📞 1-916-653-2872
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 |
|---|---|---|---|
| 2023-2024 | 2 | 2 | 100% |
| 2022-2023 | 2 | 2 | 100% |
| 2024-2025 | 5 | 5 | 100% |
| 2025-2026 | 3 | 3 | 100% |
| 2020-2021 | — | — | — |
| 2021-2022 | — | — | — |
| 2026-2027 | 1 | 1 | 100% |
Source: California Grants Portal
FAQ
Who can apply for this grant?
California charter schools serving high percentages of low-income students. Schools in elementary boundaries with similar demographics are also eligible.
Is there a deadline?
The program operates on a rolling basis. Availability and deadlines are announced annually on the CSFA website.
What costs does this grant cover?
Annual ongoing facility costs. It does not fund capital projects or building construction.
How much funding is available?
The total program pool is $137.3 million. Individual award amounts vary based on school needs and available funding.
Do I need to match funding?
No cost-sharing or matching funds are required to apply.
💡 Tips for applicants
- Check the CSFA website regularly. Funding announcements happen annually with varying deadlines.
- Document your student demographics carefully. Schools must clearly demonstrate their free/reduced-meal-eligible population.
- Focus on genuine facility maintenance needs. Applications should address real, ongoing costs your charter school faces.
- Start early if applying. Rolling programs may close when funds run out, so don't wait until deadline approaches.
- Coordinate with your authorizer. Many authorizers track facility funding opportunities for their charter schools.
⚠️ Common mistakes
Applicants overlook annual announcements and miss rolling deadlines. Schools inflate facility costs or claim ineligible expenses like capital projects. Weak documentation of student demographics weakens competitiveness significantly.
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