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.
The Charter School Facilities Credit Enhancement Grant Program is an $8.3 million program that serves to fund debt service reserves for the financing of acquisition, renovation, or construction of charter school facilities, or the refinancing of existing charter school facility debt.
CSFA also administers two five-year funding rounds of $49.3 million and $46.1 million, respectively, under the State Charter School Facilities Incentive Grants Program, to assist California charter schools in meeting their facility needs.
as of July 1, 2012
State Charter School Facilities Incentive Grants Program
Total Charter Schools
Charter School Facilities Program (Props 47, 55, 1D, and 2010 Re-Appropriation)