The federally-funded Charter School Facilities Credit Enhancement Grant 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.
The federally-funded Charter School Facilities Credit Enhancement Grant 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.
Designed to fund debt service reserves for the financing of acquisition, renovation, or construction of charter school facilities, or the refinancing of existing charter school facility debt.
Type: Grant; Loan Award: not published as a fixed amount; depends on the applications received Total available: $8,300,000.00 Matching funds: Not Required Funding method: Advance(s) Funding source: Federal Deadline: Ongoing Award period: Duration of Bond Apply at: https://www.treasurer.ca.gov/csfa/enhancement/regulations/credit-enhancement-application.pdf Source: California Grants Portal record 1941, published by the State of California.
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.asp
Geography: Funds are available to charter schools operating in the state of California.
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