Charter Access Bank Loan Enhancement Program (Charter ABLE)

The Charter Access Bank Loan Enhancement (Charter ABLE) Program is a federally‑funded grant administered by the California State Treasurer’s Office to help California charter schools reduce financing costs for acquiring, renovating, or constructing permanent facilities. Eligible applicants are nonprofit or public‑agency charter schools operating in California. The program provides up‑front loan enhancements (advances) funded by a $20 million federal grant, with no matching‑fund requirement or letter of intent. Funds are released as needed and must be used within six months of authority approval; repayment terms cannot exceed the useful life of the financed asset. Awards are “dependent” in number and amount, meaning the exact number and size of grants will be determined after the application period closes.