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 Construction’s 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.
Charter School Facilities Program Overview
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.
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. 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. 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.
For more information, please contact the Program Lead: Ryan Storey at (213) 620-6360