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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
as of July 1, 2009
State Charter School Facilities Incentive Grants Program
Total Awarded
$48,000,000
Total Charter Schools
123
Total Students
42,900
Charter School Facilities Program (Props 47, 55, and 1D)
Total Awarded
$836,435,000
Total Schools
58
Total Students
27,500