The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $4,983,000 Project Grant to the California School Finance Authority under the Charter Schools Program (CFDA 84.282). The grant, effective from October 30, 2024 to September 30, 2025, provides credit enhancement initiatives to assist California charter schools in acquiring, constructing, renovating, or leasing academic facilities using private-sector capital. The grant allows the Authority to leverage funds through mechanisms like loan guarantees, debt reserves, and bond insurance to enhance charter school financing and enable facility projects. This award builds on the Authority's prior grants of $20 million in 2023, $10 million in 2021, and $20 million in 2019 under the same federal program, which have supported the Authority's efforts to expand educational opportunities and promote innovative school models for underserved students in California.
Generated 1/28/25, 7:02 AM