Project Acceleration Notes and Credit Enhancement Alternatives

State Treasurer's Office · State of California

At a glance

Project Acceleration Notes and Credit Enhancement Alternatives is an open California state loan opportunity from the State Treasurer's Office (State of California). Applications are accepted on an ongoing basis. Individual awards are listed as up to $1M, with $8M in total estimated funding. 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: Jul 1, 2017
Close date: Ongoing
Award floor: Not specified
Award ceiling: $1,000,000
Est. total funding: $8,000,000
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 — Federal Grant – US Department of Education. (CFDA #84.354A)
Matching funds: Not Required
Funding method: Advance(s) — The grant award shall be held in trust by the Authority or an Authority approved financial institution, solely for authorized purposes and shall not be released to Awardees without the Authority’s or trustee’s approval. Awards of a reservation of funds will expire if the Awardee does not use the awarded funds by closing the financing within six months of Authority approval. Exceptions may be granted by the Authority.
Estimated number of awards: Dependant on number of submissions received, application process, etc.
Award period: Term of the Loan
Expected award announcement: Ongoing
Letter of intent: Not required
Geography: California Only
Latest change note: Listserve link updated

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 the Program Regulations, Section 10200.2 "Applicant Eligibility Criteria", and Section 10200.4 "Application Review and Evaluation Criteria"

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

Designed to help provide credit enhancement to facilitate the financing of the purchase, construction, and/or renovation of facilities for California public Charter Schools. Funds awarded under the Program will be used in conjunction with funding provided through the Charter School Facilities Program (CSFP) or the Authority’s Conduit Financing Program (Non-CSFP).

Description

The Project Acceleration Notes and Credit Enhancement Alternatives (PANACEA) Program supports short-term interim financing to charter schools that have received a reservation of funds through the Charter School Facilities Program or are awaiting the issuance of long-term debt through the Authority’s Conduit Bond and Note Financing Program.

Program page on the agency site ↗

How to apply

0 of 8 done · progress saved in this browser

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 submitSee the agency's program page for the application portal or submission address.
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 2023–240 applications · 0 awards
Fiscal year 2022–231 application · 1 award
Fiscal year 2021–226 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: 2
Total awarded: $1,099,195
Median award: $549,598 calculated
Smallest – largest: $423,800 – $675,395

Recipients by type: Nonprofit (2)

Areas served: Statewide (1), Los Angeles County (1)

Largest awards to organizations

STEM Prep AcademyProject Acceleration Notes and Credit Enhancement Alternatives$675,395 · FY 2022–23
Stockton CollegiateProject Acceleration Notes and Credit Enhancement Alternatives$423,800 · FY 2024–25

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 “Project Acceleration Notes and Credit Enhancement Alternatives”?

The official listing names these applicant types as eligible: Nonprofit and Public Agency. It adds: “Please refer to the Program Regulations, Section 10200.2 "Applicant Eligibility Criteria", and Section 10200.4 "Application Review and Evaluation Criteria"” Additional restrictions may apply; review the full guidelines.

How much funding is available through “Project Acceleration Notes and Credit Enhancement Alternatives”?

Per the notice, individual awards are listed as up to $1m and total estimated program funding is $8,000,000.

How do I apply for “Project Acceleration Notes and Credit Enhancement Alternatives”?

Applications go directly to State Treasurer's Office, not through GrantsJunction. 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