Charter ABLE — Loan Enhancement Program for Charter School Facilities
Charter ABLE is a federally funded program that enhances bank financing to help charter schools lower the cost of acquiring, renovating, or constructing permanent school facilities. Created with a $20 million federal grant awarded in 2019 (CFDA 84.354A), the program provides credit enhancement to make facility loans more affordable for charter operators.
Purpose:
Aimed to assist charter schools lower costs to access facility acquisition, renovation, and construction financing.
Description:
The federally-funded Charter Access to Bank Loan Enhancement (Charter ABLE) Program was created from an…
Awards & funding
Eligibility
NonprofitPublic Agency
Please refer to https://www.treasurer.ca.gov/csfa/enhancement/regulations/2024/program_regulations.pdf
Eligible Geographies: Funds are available to charter schools operating in the state of California.
Supporting links
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