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CA Facility Grant Program (SB740) Open for Applications; Due June 1st

Charter School Capital

May 17, 2017


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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