California School Finance Authority

Charter School Facilities Credit Enhancement Grant Program

The California School Finance Authority (CSFA) is pleased to announce that the proposed regulations for the Charter School Facilities Credit Enhancement Grant Program have been approved by the Office of Administrative Law (OAL). CSFA will be notifying California charter schools regarding the implementation of the Program in late May-early June.

• Approved Program Regulations

Credit Enhancement Grant Program Overview

In 2010, the U.S. Department of Education approved a grant award of $8,300,000 to CSFA pursuant to the Credit Enhancement for Charter School Facilities Program (CFDA # 84.354A), authorized under Title V, Part B, Subpart 1 of the Elementary and Secondary Education Act, as amended by the No Child Left Behind Act of 2001. Program funds may be applied toward providing credit enhancement to facilitate the acquisition, renovation, or construction of charter school facilities, or the refinancing of existing charter school facility debt.