Charter School Facilities Credit Enhancement Grant Program

Who can apply

NonprofitPublic Agency

Please refer to https://www.treasurer.ca.gov/csfa/enhancement/use.asp

Where: Funds are available to charter schools operating in the state of California.

Purpose

The federally-funded Charter School Facilities Credit Enhancement Grant Program provides grants to fully or partially fund debt service reserve accounts on bond transactions issued through the Authority. The grant is intended to reduce the overall cost of borrowing for charter schools as it eliminates the need to fund the reserve through bond proceeds.

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.

Important dates

Opened

Jul 1, 2009

Application deadline

Ongoing

Expected award announcement

Ongoing

Period of performance

Duration of Bond

Funding details

Total estimated available

$8,300,000.00

Estimated amount per award

Dependant on number of submissions received, application process, etc.

Expected number of awards

Dependant on number of submissions received, application process, etc.

Letter of intent required

No

Matching funds

Not Required

Funding source

Federal

Funding source notes

U.S. Department of Education’s Charter School Facilities Credit Enhancement Grant Program.• $8.3 million awarded in 2009

Funding method

Advance(s)

Funding method notes

The term of repayment for any financing in conjunction with a program award shall not exceed the useful life of the financed asset. Awarded reservation of funds shall be released and returned to the Authority when the funds are no longer needed for the authorized purposes. Awarded reservations will expire if the charter school does not use the funds within six months of Authority approval.

How to apply

Read the full guidelines on the grantor's site, then apply there. Nothing is submitted through this site.

Submission: url: https://www.treasurer.ca.gov/csfa/enhancement/regulations/credit-enhancement-application.pdf

• Grant guidelines & application ↗
• State Treasurer's Office ↗
• Grantor's own update list ↗
• Original listing on grants.ca.gov ↗

Questions about this grant: email: [email protected]; tel: 1-213-620-4608;