The State Charter School Incentive Grant Program funds are applied toward a charter school’s annual costs of rent, lease, mortgage, debt service, or Proposition 39 pro-rata payments for facilities, or towards the costs of purchase, design, construction, and/or renovation of a new or existing facility.
In 2004, 2009, and 2014, the United States Department of Education approved grant awards to the Authority pursuant to the State Charter School Incentive Grant Program (Program), authorized under Title V, Part B, Subpart 1 of the Elementary and Secondary Education Act, as amended by the No Child Left Behind Act of 2001. The California School Finance Authority was recently awarded a $30 million grant award in Fall 2024. Per the Authority’s application to the Department of Education, the Authority is proposing three more funding rounds of the Program starting for the 2025-26 school year.
Type: Grant Award: not published as a fixed amount; depends on the applications received Total available: $30,000,000.00 Matching funds: Not Required Funding method: Advance(s) Funding source: Federal Deadline: Ongoing Award period: 3 years Apply at: https://csfaonline.treasurer.ca.gov/ Source: California Grants Portal record 157089, published by the State of California.