Charter Access Bank Loan Enhancement Program (Charter ABLE)

The Charter Access Bank Loan Enhancement Program (Charter ABLE) is a federally-funded program aimed at assisting charter schools in lowering costs associated with facility acquisition, renovation, and construction financing. The program was created from a $20 million grant awarded through the federal "Expanding Quality Charter Schools Program – Grants for Credit Enhancement for Charter School Facilities" grant competition in 2019. Eligible applicants include nonprofit and public agencies, and eligible geographies are limited to charter schools operating in the state of California. The program provides financing to charter schools to lower costs associated with financings for permanent charter school facilities. • The program is funded by a $20 million federal grant. • Eligible applicants include nonprofit and public agencies. • Eligible geographies are limited to charter schools operating in California. • The program provides financing to charter schools to lower costs associated with financings for permanent charter school facilities. • The term of repayment for any financing in conjunction with a program award shall not exceed the useful life of the financed asset.