Details | Charter School Facilities Program


Funder

 

California State Treasurer

Implementer

 

California School Finance Authority

Description

 

The Charter School Facilities Program (CSFP) provides fixed rate, long-term debt to schools at underwriting terms that are set by the state not the capital markets. A $1.4 billion program, CSFP provides low-cost financing for charter school facilities; 50% grant, 50% loan. This money is used to finance the construction of new, permanent school facilities or rehabilitation of existing school district facilities for charter schools throughout the state. The state-funded program is jointly administered by the California School Finance Authority and the Office of Public School Construction. CSFA directs the financial soundness review process of the project and provides certification of financial soundness for purposes of Preliminary, Advance, and Final Apportionments.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Secured Loan

Category

 

Financing

Territory

 

California

Applicant type

 

Non Profit

Project

 

New Addition to an Existing Building  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

Education

Sustainability

 

Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

50

Cost sharing note

 

Minmum Required

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive