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.
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 – 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.
CSFP Proposed Permanent Regulation
Pursuant to Government Code, Section 11346.4, CSFA is providing Notice of its proposed rulemaking action for purposes of amending the California School Facilities Program regulations. The 45-day public comment period begins March 30, 2018 and ends on May 14, 2018 at 5:00 pm. Please refer to the “Notice of Proposed Rulemaking Action” for further information on registering comments, concerns, or recommendations. This Notice is also published in the California Regulatory Notice Register, which can be accessed at https://oal.ca.gov/california_regulatory_notice_online/. Please also refer to the Initial Statement of Reasons, and Proposed Regulations
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 began 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 Authority between February 6, 2017 and June 5, 2017.