Applications to the California School Facility Grant Program (SB740) are now being accepted starting May 18th. As part of our efforts to serve as a reliable resource for charter school leaders, we wanted to ensure charter schools in California are aware of this grant opportunity. Applications for 2017-18 are open now and close at 5:00 p.m. on June 1st, 2017.
The California School Facility Grant program (SB740) was created to provide annual assistance with facilities rent and lease expenditures to qualifying charter schools. Eligible charter schools typically receive $750 per unit of classroom-based average daily attendance, or up to 75% of their annual facilities rent and lease costs for the school. New funding rounds occur annually, and schools can turn in online applications to the California School Finance Authority (CSFA). The CSFA uses prior year data on pupil eligibility for Free or Reduced-Price Meals (FRPM) program to determine the charter school’s eligibility. At least 55% of the student enrollment must be in the FRPM program, or located in an elementary school attendance area where at least 55% of students enrolled are FRPM eligible in order to qualify.
For more information on the grant program, an FAQ with a full list of eligibility requirements is available here.

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Since the company’s inception in 2006, Charter School Capital has been committed to the success of charter schools. We help schools access, leverage, and sustain the resources charter schools need to thrive, allowing them to focus on what matters most – educating students. Our depth of experience working with charter school leaders and our knowledge of how to address charter school financial and operational needs have allowed us to provide over $1.8 billion in support of 600 charter schools that have educated over 1,027,000 students across the country. For more information on how we can support your charter school, contact us. We’d love to work with you!

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