Charter FinE Enhancement (Charter FinE) Program

State Treasurer's Office

Aimed to assist charter schools lower costs to access facility acquisition, renovation, and construction financing.

Jargon-free version

Helps charter schools in California lower costs for buying, renovating, or building facilities. Provides funding to make these financial processes more affordable.

Quick Facts

Funding
Up to $10,000,000
Deadline
See website
Status
Accepting Applications
Category
Housing & Community Development
Organization
State Treasurer's Office

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What Is This Program?

Aimed to assist charter schools lower costs to access facility acquisition, renovation, and construction financing. The federally-funded Charter Finance Enhancement (Charter FinE) Program was created from an $10 million grant awarded through the federal โ€œExpanding Quality Charter Schools Program โ€“ Grants for Credit Enhancement for Charter School Facilitiesโ€ (CFDA #84.354A) grant competition in 2023. This program enhances financings to charter schools to lower costs associated for permanent charter school facilities.

What Benefits Are Offered?

financial assistance

Provides credit enhancement and financial assistance to charter schools to lower costs for facility acquisition, renovation, and construction financing.

Who Is Eligible?

Industries: education

Region: California

Other Criteria: Nonprofit Public Agency, charter schools

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๐Ÿ† Detailed Application Guide

๐Ÿ“‹What Are the Application Steps & Timeline?

๐Ÿ“Steps to Apply
  • Read the full grant guidelines before applying.
  • Prepare necessary documentation including Unique Entity Identifier (UEI).
  • Submit the application through the online application portal.
๐ŸŒApplication Portal
https://www.grants.ca.gov/grants/charter-fine-enhancement-charter-fine-program/
๐Ÿ“คSubmission Method
online
๐Ÿ“…Key Dates
OngoingExpected award announcement
๐Ÿ”„Intake Type
continuous

๐Ÿ“„What Documents Are Required?

โœ…Required Documents
  • Proof of Authority by the governing body

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๐Ÿ’ฐWhat Expenses Are Eligible?

๐ŸงพEligible Expenses
  • facility acquisition
  • renovation
  • construction financing
๐Ÿ’ณPayment Model
advance

๐ŸคIs Matching Funding Required?

๐Ÿ”€Matching Required
No

๐Ÿ“ŠWhat Are the Reporting Requirements?

๐Ÿ”Audit Requirements
OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards.
๐Ÿ—„๏ธRecord Retention Period
3 years post-final-report

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FAQFrequently Asked Questions

Visit the program page for detailed eligibility requirements.

This program offers funding up to $10,000,000.

Check the official program website for current deadlines.

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