Investigating Site Contamination Program (ISCP)
🏛 Department of Toxic Substances Control (California)
✓ Free, no account · Source: California Grants Portal · Last verified Sep 5, 2026
Can you apply?
This grant is for charter schools seeking interim financing while awaiting long-term debt or Charter School Facilities Program funds. Applicants must have received a reservation of funds through California's Charter School Facilities Program or be approved for the Authority's Conduit Bond and Note Financing Program. This is a short-term bridge financing program, not a traditional grant. Funding supports schools between commitment and permanent financing.
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Program description
DTSC’s ISCP Loan Program provides loans for property owners, developers, community groups, and local governments to conduct preliminary endangerment assessment of underutilized urban properties. Loan used to conduct preliminary endangerment assessments. If redevelopment of property is determined not to be economically feasible, up to 75 percent of the loan amount can be waived.
Who can apply
Eligible applicants
How to apply
Application links
Required documents
- Charter School Facilities Program reservation letter or Conduit Bond Program approval documentation
- School board resolution authorizing interim financing
- Detailed project budget and timeline
- Cash flow projection showing financing gap period
- Long-term financing commitment letter or lender pre-approval
- Evidence of school's operational financial status
Program contact
- 📧 Maryam.Tasnif-Abbasi@dtsc.ca.gov
- 📞 1-714-484-5489
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 | — | — | — |
| 2021-2022 | — | — | — |
| 2022-2023 | — | — | — |
| 2025-2026 | — | — | — |
| 2020-2021 | — | — | — |
| 2024-2025 | — | — | — |
Source: California Grants Portal
FAQ
Who can apply for PANACEA financing?
Charter schools with a Charter School Facilities Program reservation or awaiting Conduit Bond/Note Financing Program approval. You must already be in the long-term financing pipeline.
What is PANACEA financing used for?
Short-term interim financing to bridge the gap between award notification and long-term debt closing. It covers temporary cash flow needs during the construction or acquisition approval process.
How much funding can a charter school receive?
Awards range up to $1,000,000. Total program funding is $8,000,000 available statewide.
Is cost-sharing required?
No cost-sharing is required for PANACEA financing.
What is the application deadline?
The program operates on a rolling basis. Applications are accepted on an ongoing basis subject to fund availability.
💡 Tips for applicants
- Have your Charter School Facilities Program reservation letter or Conduit Bond Program approval in hand before applying. PANACEA requires proof of long-term financing commitment.
- Clearly document the gap period between current funding and permanent financing closing. Show specific dates and financing milestones.
- Provide realistic cash flow projections showing when interim financing is needed and when long-term debt will close. Include a detailed timeline.
- Work closely with the State Treasurer's Office throughout the process. Early communication about your timeline improves approval speed.
- Gather all supporting documentation upfront: school board resolutions, architect certificates of occupancy estimates, and lender commitment letters.
⚠️ Common mistakes
Applications lacking proof of long-term financing approval or Charter School Facilities Program reservation get rejected immediately. Vague timelines and missing financial documentation slow reviews significantly. Understating cash flow needs or overestimating interim financing duration creates unrealistic repayment expectations.
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