Charter School Facilities Program (CSFP)
Designed to provide low-cost financing for charter schools for the construction or rehabilitation of facilities.
For additional information on CSFP and updates regarding the Prop 51 Funding Round, please visit the Office of Public School Constructionís CSFP Web page . If you have any questions please contact Katrina Johantgen (CSFA) at (213) 620-2305, or Erin Cunneen (OPSC) at (916) 375-4741.
Through the passage of Propositions 47, 55, and 1D, and most recently, Proposition 51, $1.4 billion has been made available to charter schools for construction of new facilities or rehabilitation of existing school district facilities. The state-funded Charter School Facilities Program (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.
The Charter School Facilities Program (CSFP) provides fixed rate, long-term debt to schools at underwriting terms that are set by the state Ė 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.
Prop. 51 - 2017 Funding Round
As a result of the passage of California State Proposition 51, which authorizes $500 in additional bond authority to CSFP, a new funding round for Preliminary Applications is scheduled began on February 6, 2017. The CSFP provides Preliminary Apportionments (reservation of funds) for new construction projects and rehabilitation of district-owned existing facilities that are at least 15 years old. CSFP applications will be accepted by the Authority between February 6, 2017 and June 5, 2017. Charter schools or school districts filing on behalf of a charter school may apply.
The Application for Charter School Preliminary Apportionment (Form SAB 50-09), must be submitted to Office of Public School Construction (OPSC). Complete submittal requirements are available on OPSC’s website at the following link.
As part of the CSFP application, CSFA requires each applicant to complete the Form CSFA 03-01 for purposes of the Authority’s financial soundness review. The completed Form CSFA 03-01, and all related attachments, may be submitted electronically via an on-line application, by hard copy, or electronically in the form of compact disc read-only memory (CD ROM) with a hard copy of page 2 showing the original signature of the Applicant’s Senior Official (principal officer signing on behalf of the applicant). In no instance will the completed Form CSFA 03-01 be accepted via e-mail.
Form CSFA 03-01 must be physically received by the California School Finance Authority at 915 Capitol Mall, Sacramento, CA 95814 OR at 300 S Spring Street, Suite 8500, Los Angeles, CA 90013 prior to 5:00 p.m. on June 5, 2017.