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.
2017 CSFP Workshop
Charter schools and school districts that are interested in applying to the Charter School Facilities Program (CSFP) to access Proposition 51 funding are invited to attend a free workshop presented by the Office of Public School Construction (OPSC), California School Finance Authority (CSFA), and California Department of Education. Presenters will review the CSFP and will explain step-by-step how to apply to the program.
Applying for Proposition 51 Funding
Van Nuys State Office Building, Auditorium
6150 Van Nuys Blvd.
Van Nuys, Calif.
April 7, 2017
10 a.m. to 2 p.m.
ATTENDEES MUST RSVP BY APRIL 5, 2017 TO ATTEND THIS WORKSHOP
To RSVP, please send an email to Erin.Cunneen@dgs.ca.gov. Please include the name and position of each attendee and the name of the charter school, school district or other organization the attendees are associated with. If you have any questions, please visit the OPSC webpage or contact:
- Erin Cunneen at (916) 375-4741 or email@example.com
- Karen Mandell at (916) 376-8959 or firstname.lastname@example.org
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.
Attend our Webinar!
All interested parties are encouraged to attend a webinar for the Program, which is scheduled for April 25, 2017 from 2:00 – 4:00 p.m. The webinar will provide information regarding Program eligibility, deadlines, review of supporting documents to be included with the application, award timeframes, financial soundness process, and other topics. Representatives from the OPSC and the California Department of Education also will be presenting on their agency’s programmatic roles and responsibilities with the program.
To sign up for the webinar click on the following link.
Thank you for your interest in the Program!
CSFA will be announcing the launch of the on-line application in the next few months, but no later than May 2017.