Charter School Facilities Credit Enhancement Grant Program
State Treasurer's Office
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…
Jargon-free version
Helps charter schools in California pay for costs related to building or renovating their facilities. Provides grants to reduce borrowing costs by funding reserve accounts for loans.
Quick Facts
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What Is This Program?
What Benefits Are Offered?
The program provides grants to fully or partially fund debt service reserve accounts on bond transactions for charter school facilities (acquisition, renovation, construction, or refinancing). This is intended to reduce the overall cost of borrowing for charter schools. Total estimated available funding for the program is $8,300,000, with individual award amounts being dependent.
Who Is Eligible?
Industries: education
Region: California
Other Criteria: nonprofit organizations, public agencies, charter schools operating in California, Letter of Intent Required
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📋What Are the Application Steps & Timeline?
- 📝Steps to Apply
- Read the full grant guidelines
- Prepare necessary documentation
- Submit application through the online portal
- 🌐Application Portal
- https://www.grants.ca.gov/grants/charter-school-facilities-credit-enhancement-grant-program/
- 📤Submission Method
- online
- 📅Key Dates
- OngoingExpected award announcement
- 🔄Intake Type
- continuous
📄What Documents Are Required?
- ✅Required Documents
- SF-424 (Application for Federal Assistance)
- SF-424A (Budget Information - Non-Construction)
- SF-424B (Assurances)
- Project Narrative
- Budget Narrative
- indirect cost rate agreement
- Proof of Authority by the governing body
- 📐Format Requirements
- PDF only, max 10MB
- ✉️Supporting Letters
- Proof of Authority by the governing body is required.
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💰What Expenses Are Eligible?
- 🧾Eligible Expenses
- debt service reserve accounts
- financing of acquisition
- renovation of charter school facilities
- construction of charter school facilities
- refinancing of existing charter school facility debt
- 💳Payment Model
- advance
🤝Is Matching Funding Required?
- 🔀Matching Required
- No
📊What Are the Reporting Requirements?
- 🔍Audit Requirements
- OMB Uniform Guidance Single Audit if the recipient expends $750,000 or more in federal awards in a fiscal year
- 🗄️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 $8,300,000.
Check the official program website for current deadlines.
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