Charter School Facilities Program (CSFP)

Charter School Facilities Program (CSFP)

Through the passage of Propositions 47, 55, 1D, and most recently, 51, $1.4 billion has been made available to charter schools for construction of new facilities or rehabilitation of existing school district facilities. CSFP provides low-cost financing for charter school facilities; 50% grant, 50% loan.

Through the passage of Propositions 47, 55, 1D, and most recently, 51, $1.4 billion has been made available to charter schools for construction of new facilities or rehabilitation of existing school district facilities. 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. CSFP is jointly administered by the California School Finance Authority (CSFA) and the Office of Public School Construction (OPSC). CSFA directs the financial soundness review process for the CSFP and provides certification of financial soundness for purposes of Preliminary, Advance, and Final Apportionments.

Details

• Agency: State Treasurer's Office
• Type: Grant; Loan
• Funding Source: State
• Estimated Available Funds: $1,400,000,000
• Estimated Awards: Dependant on number of submissions received, application process, etc.
• Award Amount: Dependant on number of submissions received, application process, etc.
• Funding Method: Advance(s)
• Matching Funds: Not Required

Categories

Education

Eligible Applicants

Nonprofit; Public Agency