0985 School Finance Authority
0925 - STATE CHARTER SCHOOL FACILITIES INCENTIVE GRANTS PROGRAM
In 2004, and 2014, CSFA was awarded a grant under the United States Department of Education's State Charter School Facilities Incentive Grants Program (CFDA 84.282D) to provide California charter schools with assistance for facilities costs. Grant funds are used toward a charter school's cost of rent, lease, mortgage or debt service payments for existing or new facilities or toward the costs of acquiring land and constructing or renovating a facility. Grants are awarded to charter schools based on preference points allotted for the percentage of low-income students; percentage overcrowded; not-for-profit status; and demonstrated student performance.
Preference is also granted to charter schools providing better educational opportunities than surrounding traditional public schools.