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OpenState program

2024 Credit Enhancement

State Treasurer's OfficeNo deadline listed

Does this fit your business?

This is a California program that helps charter schools finance facilities by enhancing credit for loans and bond deals. Only nonprofits and public agencies may apply; for-profit businesses and small businesses are not eligible and should not apply. Award amounts are not published as fixed figures and depend on the applications received.

Best for
Nonprofits that help charter schools finance facilities, Public agencies working with California charter schools, Entities supporting charter school bond or loan transactions
Not for
For-profit businesses, Small businesses, Organizations outside California
Estimated fit by industry, best first
IndustryEstimated fit
Education & TrainingCurrently accepting applications
64
Good Match
Environment & ConservationLimit: Nothing in this notice points to environment & conservation
54
Possible Match
Arts & CultureLimit: Nothing in this notice points to arts & culture
53
Possible Match
Social Services & NonprofitLimit: Nothing in this notice points to social services & nonprofit
52
Possible Match
Agriculture & FarmingLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Construction & InfrastructureLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Show all 15 industries
Estimated fit by industry, best first
IndustryEstimated fit
Energy & Clean TechLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Finance & BankingLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Food & BeverageLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Healthcare & BiotechLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Housing & Real EstateLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
ManufacturingLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Retail & E-CommerceLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Technology & SoftwareLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring
Transportation & LogisticsLimit: Only governments, nonprofits, tribes or universities may apply —…
0
Worth Exploring

These are our matcher’s estimates for a typical business in each industry. A real match depends on your size, your state and what you need the money for — check your own fit.

What this funds

Who can apply
Nonprofits, State and local governments

Questions about this grant

How much funding can an applicant receive?
Award amounts are not published as a fixed amount; they depend on the applications received. The total program funding is $20,000,000.
Who can apply for this grant?
Eligible applicants are nonprofits and public agencies. Funds are available to charter schools operating in the state of California, and the program helps them access loans and bond financing for acquiring, constructing, and renovating facilities.
Can a sole proprietor or single-member LLC apply?
No. Only nonprofits and public agencies may apply; a for-profit business or small business may not apply.
Can a nonprofit apply?
Yes. Nonprofits are among the eligible applicant types for this program.

Summary

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 ord

About this grant

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.

Type: Grant Award: not published as a fixed amount; depends on the applications received Total available: $20,000,000.00 Matching funds: Not Required Funding method: Advance(s) Funding source: Other Deadline: Ongoing Award period: Duration of Bond Apply at: https://www.treasurer.ca.gov/sites/default/files/2025-11/credit-enhancement-application.pdf Source: California Grants Portal record 175863, published by the State of California.

Who can apply

Our reading of the listing: for-profit businesses are not eligible for this one.

Eligible applicant types: Nonprofit; Public Agency

Please refer to https://www.treasurer.ca.gov/csfa/enhancement/use

Geography: Funds are available to charter schools operating in the state of California.

Topics and uses of funds

Topics

  • Education

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