CEFA Bond Financing Program
Source: California Grants Portal, ID 1662. Listing last updated by the grantor Jul 30, 2026. Rebuilt here Oct 30, 2026.
Who can apply
Nonprofit
Be accredited by the Western Association of Schools and Colleges (WASC); be a private, non-profit, post-secondary degree-granting institution located in or with accredited facilities in California; offer a broad range of secular subjects; have been operating and can provide audited financial for three years; and have sufficient revenue or collateral to cover debt service.
Where: None.
Purpose
This program will provide a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable revenue bonds.
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
Important dates
- Opened
- Jul 6, 2020
- Application deadline
- Ongoing
- Expected award announcement
- Ongoing
- Period of performance
- Ongoing
Funding details
- Estimated amount per award
- Between $1.00 and $5,000,000,000.00
- Expected number of awards
- Dependant on number of submissions received, application process, etc.
- Letter of intent required
- No
- Matching funds
- Not Required
- Funding source
- Other
- Funding source notes
- Revenue bond debt issuance
- Funding method
- Advances & Reimbursement(s)
How to apply
Read the full guidelines on the grantor's site, then apply there. Nothing is submitted through this site.
Submission: email: [email protected]
Questions about this grant: email: [email protected]; tel: 1-916-653-2872;
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Grants for Nonprofits is an independent directory, not a government agency. Deadlines and amounts come from the grantor via the California Grants Portal; confirm them on the grantor's page before you apply.