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 2014 Funding Round, please visit the Office of Public School Construction’s CSFP Web page . If you have any questions please contact David Weinberg (CSFA) at (213) 620-6360, or Erin Cunneen (OPSC) at (916) 375-4741.
The Charter School Facilities Program (CSFP) provides fixed rate, long-term debt to schools at underwriting terms that are set by the state – not the capital markets.
A $900 million 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.
2014 Funding Round
At its November 2013 meeting, the State Allocation Board (SAB) approved a new application filing period for the CSFP authorizing approximately $90 million for Preliminary Apportionments from Proposition 47, 55, and 1D bond authority. 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 OPSC between April 1, 2014 and May 30, 2014. 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), Form CSFA 03-01, and all other supporting documents must be physically received by the Office of Public School Construction at 707 Third Street, West Sacramento, CA 95605 prior to 5:00 p.m. on May 30, 2014. Complete submittal requirements are available in the CSFP Preliminary Apportionment Application Submittal Requirements.
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 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 by e-mail.
Prior to the April 1, 2014 start of the application filing period, CSFA and OPSC will jointly conduct workshops to provide outreach on the CSFP Program and the application process.