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Charter Access Bank Loan Enhancement Program (Charter ABLE) is sponsored by State Treasurer's Office. Aimed to assist charter schools lower costs to access facility acquisition, renovation, and construction financing. The federally-funded Charter Access to Bank Loan Enhancement (Charter ABLE) Program was created from an $20 million grant awarded through the federal “Expanding Quality Charter Schools Program – Grants for Credit Enhancement for Charter School Facilities” (CFDA #84.354A) grant competition in 2019. This program enhances financing to charter schools to lower costs associated with financings for permanent charter school facilities.
Application snapshot: target deadline rolling deadlines or periodic funding windows; published funding information Dependant on number of submissions received, application process, etc.; eligibility guidance Nonprofit; Public Agency. Please refer to https://www.treasurer.ca.gov/csfa/enhancement/regulations/2024/program_regulations.pdf
Use the official notice and source links for final requirements, attachment checklists, allowable costs, and submission instructions before applying.
Based on current listing details, eligibility includes: Nonprofit; Public Agency. Please refer to https://www.treasurer.ca.gov/csfa/enhancement/regulations/2024/program_regulations.pdf Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Dependant on number of submissions received, application process, etc. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Children's Hospital Program of 2008 – Children's Hospitals (3rd funding round) is sponsored by State Treasurer's Office. The purpose of the program is to improve the health and welfare of California's critically ill children, by providing a stable and ready source of funds for capital improvement projects for children's hospitals. On November 4, 2008, California voters passed Proposition 3, the Children's Hospital Bond Act of 2008. The purpose of the program is to improve the health and welfare of California's critically ill children, by providing a stable and ready source of funds for capital improvement projects for eligible hospitals. The California Health Facilities Financing Authority (CHFFA) is responsible for administering the program. Language in Proposition 3 identifies 13 children's hospitals in California (referred to as "Children's Hospitals") as eligible for $980 million in funding. The 13 Children's Hospitals designated by statute consist of eight private nonprofit Children's Hospitals and five University of California Children's Hospitals. Grant awards for each private nonprofit Children's Hospital was limited to $98 million, less costs of issuance and administrative costs. Grant awards for each University of California Children's Hospital was limited to 39.2 million, less costs of issuance and administrative costs. Costs of issuance are $0.75 per $1,000 of the authorized grant award, and administrative costs are $5.00 per $1,000 of the authorized grant award. Applications are accepted on an ongoing basis and are due the first business day of each month, except October and November, and will be presented to the Authority the following month. For the month of October, applications are due October 7. Applications received on October 7 will be presented for Authority consideration at a regularly scheduled meeting in December or January. Applications are not accepted in November. Applications shall be submitted in duplicate to the Authority. Currently, each University of California Children's Hospital may apply more than once for the available grant funds. Submit completed Application by mail or in-person to: California Health Facilities Financing Authority Children's Hospital Program 901 P Street Room #313 Sacramento, CA 95814 Application snapshot: target deadline rolling deadlines or periodic funding windows; published funding information Between $1 and $9,679,509; eligibility guidance Nonprofit; Public Agency. The following entity is eligible to apply for a Grant under the Children's Hospital Program of 2008: A University of California Children's Hospital. Use the official notice and source links for final requirements, attachment checklists, allowable costs, and submission instructions before applying.
CHFFA Bond Financing Program is sponsored by State Treasurer's Office. This program will provide a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable revenue bonds. Eligibility General Requirements -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -Construction, remodeling, renovation, and/or improvements -Land acquisition -Acquisition of existing health facilities -Equipment and/or furnishings -Refunding of prior debt -Working capital for start-up facilities -Costs of bond issuances, feasibility studies & reimbursement of prior expenditures Loan Terms -Market determined fixed or variable rate interest rate, depending on maturity -No loan maximum -Maximum loan maturity typically 40 years -Loan security provisions and bond covenants that correspond with bond rating Fees -No application fee -Initial fee of 0.05% of the issue amount (maximum $100,000), set fee of $1,000 for smaller health systems and public health facilities -Annual administrative fee of 0.0175% of the bonds outstanding (maximum $150,000), maximum of $500 for small health systems and public health facilities Required Documentation -Three most recent fiscal years of audited financial statements Application snapshot: target deadline rolling deadlines or periodic funding windows; published funding information Between $1 and $5,000,000,000; eligibility guidance Nonprofit; Public Agency. -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code -Must be a non-profit 501(c)(3) corporation or a public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) Use the official notice and source links for final requirements, attachment checklists, allowable costs, and submission instructions before applying.
CHFFA Commercial Paper Program is sponsored by State Treasurer's Office. This program will provide a borrower with access to low interest rate capital markets through the issuance of tax-exempt and taxable commercial paper notes. Eligibility General Requirements -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -Construction, remodeling, renovation, and/or improvements -Land acquisition -Acquisition of existing health facilities -Equipment and/or furnishings -Refunding of prior debt -Working capital for start-up facilities -Costs of bond issuances, feasibility studies & reimbursement of prior expenditures Loan Terms -Any commercial paper issued by Authority must receive short-term rating of at least A-1/P-1/F-1 by at least one nationally recognized rating agency -Must be issued in denominations of $100,000 -Final maturity date cannot exceed 40 years -Commercial paper application must include a detailed description of capital projects to be funded by proceeds Fees -No application fee -Initial fee of 0.05% of the issue amount (maximum $100,000) -Annual administrative fee; greater of $5,000 or 0.0175% of the maximum amount of notes outstanding during the billing year Required Documentation -Three most recent fiscal years of audited financial statements Application snapshot: target deadline rolling deadlines or periodic funding windows; published funding information Between $1 and $5,000,000,000; eligibility guidance Nonprofit; Public Agency. -Must be a health facility as defined in the Authority's Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or a public health facility (e.g., district hospital) as defined in the Authority's Act (Section 15432(e) of the California Government Code) Use the official notice and source links for final requirements, attachment checklists, allowable costs, and submission instructions before applying.
