2024 Credit Enhancement
Deadline: Rolling / ongoing.
View the official program page →Official listing
This links the program's official page as published by the portal, or the portal itself when the program publishes none; verify details there before applying.
- Agency
- State Treasurer's Office
- Deadline
- Rolling / ongoing
- Opened
- 2024-10-01
- Open to
- Nonprofit, Public Agency
- Geography
- Funds are available to charter schools operating in the state of California.
- Estimated total funding
- $20,000,000
- Amounts
- Dependant on number of submissions received, application process, etc.
- Expected awards
- Dependant on number of submissions received, application process, etc.
- Matching funds
- Not Required
About this program
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 notes
Please refer to https://www.treasurer.ca.gov/csfa/enhancement/use
Run federal grants too?
State grants are free to browse and are not part of member fit-scoring, alerts, or the Tuesday digest — those cover federal grants. Members get every federal grant that opens fit-scored to their organization (the home page defines exactly what the board covers) — with an alert when a real match posts.
See grants pricingWant state grant alerts?
Fit-scored alerts cover federal grants today; this state board is free to browse. If alerts for state grants would help your team, say so below — enough interest is what gets them built.