Posted opportunity — confirm at source

2024 Credit Enhancement

State Treasurer's Office · 175863

Eligibility details

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

Matching funds & resources

Source matching-funds field: Not Required.

Matching funds and leveraged resources are different requirements. Read the description and reviewed rules below before determining resource commitments.

About this opportunity

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.

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

Funding instrument: Grant. Issuing jurisdiction: California. This is not a geographic eligibility determination.