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
Department of General Services
Ziggurat Building, auditorium
707 Third Street, West Sacramento, Calif. 95605
Wednesday, March 1, 2017
10 a.m. - 4 p.m.
Attendees must RSVP by Feb. 24, 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 firstname.lastname@example.org
- Karen Mandell at (916) 376-8959 or email@example.com
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 to begin 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 OPSC 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), 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 June 6, 2017. 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 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.
CSFA will be announcing the launch of the on-line application in the next few months, but no later than May 2017.