Charter Access Bank Loan Enhancement Program (Charter ABLE)

State Treasurer's Office · State of California

At a glance

Charter Access Bank Loan Enhancement Program (Charter ABLE) is an open California state loan opportunity from the State Treasurer's Office (State of California). Applications are accepted on an ongoing basis. Total estimated funding is $20M. Applicant types listed as eligible include nonprofit and public agency. It is listed on the California Grants Portal. Cost sharing is not required.

Summary assembled from the official notice's fields. The official notice governs.

Key facts

Opened: Mar 30, 2021
Close date: Ongoing
Award floor: Not specified
Award ceiling: Not specified
Est. total funding: $20,000,000
Expected awards: Not specified
Matching funds: Not required
Funding instrument: Loan

Program details (as published on the California Grants Portal)

Type: Loan
Funding source: Federal — $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.
Matching funds: Not Required
Funding method: Advance(s) — The term of repayment for any financing in conjunction with a program award shall not exceed the useful life of the financed asset. Awarded reservation of funds shall be released and returned to the Authority when the funds are no longer needed for the authorized purposes. Awarded reservations will expire if the charter school does not use the funds within six months of Authority approval.
Estimated number of awards: Dependant on number of submissions received, application process, etc.
Estimated award amounts: Dependant on number of submissions received, application process, etc.
Award period: Duration of Bond
Expected award announcement: Ongoing
Letter of intent: Not required
Geography: Funds are available to charter schools operating in the state of California.
How to submit: Online: https://www.treasurer.ca.gov/sites/default/files/csfa/Application.pdf
Latest change note: Changing the open date to when it actually opened since I could only date it for today when creating this. 5.27.26 - Fixing broken links.

Who can apply

Applicant categories as listed on the California Grants Portal. GrantsJunction maps them to detailed applicant types for search and matching.

Nonprofit
Public Agency

Additional information on eligibility (from the listing)

Please refer to https://www.treasurer.ca.gov/csfa/enhancement/regulations/2024/program_regulations.pdf

Can your organization apply?

A quick check against the listed applicant types — other requirements in the notice still apply.

Based on the published notice. Review the official notice for complete eligibility requirements.

What it funds

Purpose and description as published on the California Grants Portal.

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 $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.

Program page on the agency site ↗

How to apply

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Read the program guidelinesThe agency's solicitation or guidelines set eligibility details, scoring criteria and required documents. Open ↗
Confirm eligibility and fitCheck your organization type and location (see Geography above).
Find out how to submitOnline: https://www.treasurer.ca.gov/sites/default/files/csfa/Application.pdf Open ↗
Request letters of support and partner commitmentsPartners need time to write and sign letters; ask early.
Finish a full draft of the application and budgetFollow the guidelines' format exactly; state programs often require specific forms and attachments.
Ask the program contact any questions earlycsfa@treasurer.ca.gov Open ↗
Internal review and sign-offLeave time for leadership or board approval and a final proofread.
Submit while funds remainSubmit a few days early and keep your submission confirmation.

Past applications & awards

Historical data · not a prediction

Reported by the agency for this listing

Fiscal year 2025–260 applications · 0 awards
Fiscal year 2024–251 application · 1 award
Fiscal year 2023–241 application · 1 award
Fiscal year 2022–238 applications · 8 awards
Fiscal year 2021–224 applications · 0 awards
Fiscal year 2020–210 applications · 0 awards

Counts as published on the California Grants Portal. Award counts can read zero until decisions are announced.

Awards published: 10
Total awarded: $15,235,405
Median award: $1,818,037 calculated
Smallest – largest: $664,206 – $2,000,000

Recipients by type: Nonprofit (10)

Areas served: Statewide (10)

Largest awards to organizations

Pathways to College Porperties, LLCCharter Access Bank Loan Enhancement Program (Charter ABLE)$2,000,000 · FY 2023–24
John Adams AcademiesCharter Access Bank Loan Enhancement Program (Charter ABLE)$2,000,000 · FY 2022–23
Hawking STEAM Charter Schools, Inc.Charter Access Bank Loan Enhancement Program (Charter ABLE)$2,000,000 · FY 2022–23
The Classical AcademyCharter Access Bank Loan Enhancement Program (Charter ABLE)$2,000,000 · FY 2022–23
Lighthouse Community Public SchoolsCharter Access Bank Loan Enhancement Program (Charter ABLE)$1,927,206 · FY 2022–23
DELTA PROPERTIES, INCCharter Access Bank Loan Enhancement Program (Charter ABLE)$1,708,868 · FY 2022–23
EEI Support CorporationCharter Access Bank Loan Enhancement Program (Charter ABLE)$1,300,000 · FY 2024–25
JACQUELYN GATES LLCCharter Access Bank Loan Enhancement Program (Charter ABLE)$892,500 · FY 2022–23
Grupo Nuevo Los AngelesCharter Access Bank Loan Enhancement Program (Charter ABLE)$742,625 · FY 2022–23
OCEAA Facilities, LLCCharter Access Bank Loan Enhancement Program (Charter ABLE)$664,206 · FY 2022–23

Source: California Grants Portal grant award data. Awards to individuals are counted but not named. Past awards show who was funded; they do not predict future decisions.

Program contact (as published)

csfa@treasurer.ca.gov
1-213-620-4608

Quick answers

Who is eligible to apply for “Charter Access Bank Loan Enhancement Program (Charter ABLE)”?

The official listing names these applicant types as eligible: Nonprofit and Public Agency. It adds: “Please refer to https://www.treasurer.ca.gov/csfa/enhancement/regulations/2024/program_regulations.pdf” Additional restrictions may apply; review the full guidelines.

How much funding is available through “Charter Access Bank Loan Enhancement Program (Charter ABLE)”?

Per the notice, total estimated program funding is $20,000,000.

How do I apply for “Charter Access Bank Loan Enhancement Program (Charter ABLE)”?

Applications go directly to State Treasurer's Office, not through GrantsJunction. Submission: online at https://www.treasurer.ca.gov/sites/default/files/csfa/Application.pdf. Read the program guidelines on the agency's site first; state programs set their own forms and registration requirements.

Other open California state opportunities, matched on agency, categories and wording.

OpenState of California