Charter school facilities credit enhancement (CSFCE) grant program
Active Project Grant Awarded Last action
- Award ID
- S354A230015
- Recipient
-
California School Finance Authority UEI GYGERQAPNNW9 Part of State Of California Controllers Office
- Awarding agency
-
Office of Elementary and Secondary Education
Department of Education
- Obligated
- $20,000,000
Award facts
- Assistance listing
- 84.354 Credit Enhancement for Charter School Facilities
- Completion date 12% complete
- Place of performance
- Los Angeles, CA 90013, USA
Award details come from USAspending.gov.
About this award
The California School Finance Authority has been awarded a $20,000,000 Project Grant from the U.S. Department of Education's Office of Elementary and Secondary Education under the Credit Enhancement for Charter School Facilities (CFDA 84.354) program. This multi-year grant, effective from October 1, 2023 through September 30, 2048, will enable the Authority to provide credit enhancement initiatives to assist California charter schools in acquiring, constructing, renovating, or leasing academic facilities using private-sector capital. The grant funding will be leveraged through mechanisms like loan guarantees, debt reserves, and bond insurance to enhance charter school financing and enable facility projects. This award builds upon prior grants received by the Authority in 2021 ($10,000,000) and 2019 ($20,000,000) for similar purposes under the same federal grant program.
Quick answers
Who received award S354A230015?
S354A230015 was awarded to California School Finance Authority by Office of Elementary and Secondary Education (Department of Education) on October 1, 2023.
How much is award S354A230015 worth?
$20,000,000 has been obligated on S354A230015.
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