The Latest
California School Finance Authority
About CSFA
The California School Finance Authority (CSFA) was created in 1985 to finance educational facilities and provide school districts and community college districts access to working capital. Since its inception, the Authority has developed a number of school facilities financing programs and most recently is focused on assisting charter schools to meet their facility needs.
The Charter School Facilities Program is a $900 million program that provides low-cost financing for charter school facilities. Projects will receive 50 percent of their costs in the form of a state grant, while the school is responsible for the balance of the project costs through either a lump sum matching payment or a long-term loan from the state.
CSFA also administers the $49.3 million State Charter School Facilities Incentive Grants Program to assist California charter schools in meeting their facility needs.
Fast Facts
State Charter School Facilities Incentive Grants Program
Total Awarded
$28,319,856
Total Charter Schools
85
Total Students
21,584
Charter School Facilities Program (Props 47 and 55)
Total Awarded
$373,844,919
Total Charter Schools
34
Total Projected Students
17,459