Charter FinE Enhancement (Charter FinE) Program

The Charter FinE Enhancement (Charter FinE) Program is a federally-funded program created to assist charter schools in lowering costs associated with facility acquisition, renovation, and construction financing. The program was awarded a $10 million grant through the federal “Expanding Quality Charter Schools Program – Grants for Credit Enhancement for Charter School Facilities” (CFDA #84.354A) grant competition in 2023. The program aims to enhance financings to charter schools, making it easier for them to access permanent facilities. • Eligible applicants include nonprofit and public agencies operating charter schools in the State of California. • The program offers advance funding, with the term of repayment not exceeding the useful life of the financed asset. • Awarded reservations of funds will expire if the charter school does not use the funds within six months of Authority approval. • The grant guidelines and online application are available on the State Treasurer's website.