2024 Credit Enhancement
The program is to award grants to eligible entities that help charter schools address the cost of acquiring, constructing and renovating facilities by enhancing the accessibility and availability of loans and bond financing. The program provides grants to eligible entities to permit them to enhance the credit of charte
- Funding
- Dependant on number of submissions received, application process, etc.; $20,000,000.00
- Deadline
- Rolling — confirm review cycle
- Status
- OPEN
- Category
- Disability & Accessibility
- Opens
- October 2, 2024
- Directory link check
- October 24, 2026
About this opportunity
The program is to award grants to eligible entities that help charter schools address the cost of acquiring, constructing and renovating facilities by enhancing the accessibility and availability of loans and bond financing. The program provides grants to eligible entities to permit them to enhance the credit of charter schools so they can access private-sector and other non-Federal capital in order to acquire, construct and renovate facilities. The federally-funded Charter School Facilities Credit Enhancement Grant Program was created from a $20 million grant awarded in 2023 through the federal “Expanding Opportunity through Quality Charter Schools Program- Credit Enhancement (CE) Program” (ALN#84.354A) grant competition in 2023. This program provides grants to fully or partially fund debt service reserve accounts on bond transactions issued through the Authority. The grant is intended to reduce the overall cost of borrowing for charter schools as it eliminates the need to fund the reserve through bond proceeds.
Eligibility recorded
Please refer to https://www.treasurer.ca.gov/csfa/enhancement/use Funds are available to charter schools operating in the state of California.
Recorded geography: United States
Directory verification note
Automatically synchronized from California Grants Portal. Source identifier: 175863. Confirm details on the official page.