CEFA Bond Financing Program

State Treasurer's Office$1–$5,000,000,000No deadline listed

Unofficial — verify with the issuing agency before applying.

Nonprofits 501(c)(3) only Large award Narrow eligibility

Deadline: Not specified
Posted: Jul 6, 2020
Award amount: $1–$5,000,000,000
Focus areas: Education

In plain English

A bond financing (loan) program for private, nonprofit, regionally accredited postsecondary schools operating in California for at least three years, with sufficient revenue or collateral to cover debt service. Funds construction, renovation, land acquisition, equipment, and refinancing, with no stated loan maximum but a nonrefundable application fee and issuance-based fees. Schools that factor race or ethnicity into admissions, or are not secular in curriculum, are excluded; this is debt financing, not a traditional grant.

AI-generated summary to help you decide quickly — verify the official eligibility rules before applying.

Who can apply

Nonprofit

About this grant

Eligibility General Requirements -Be regionally accredited by the Western Association of Schools and Colleges; -Be a private, non-profit, post-secondary degree granting educational institution that does not factor race or ethnicity into their admissions process, and is located in California or that has educational facilities in California that are regionally accredited; -Offer a broad curriculum in secular subjects, and the information and coursework used to teach secular subjects must be neutral with respect to religion; -Have been operating for a minimum of three years prior to submitting an application for financing and provide three years of audited financial statements; -Have revenue or collateral sufficient to cover debt service on the proposed financing. Use of Funds Funds may be used for: -Construction -Remodeling and renovation -Land acquisition -Purchase of or lease of equipment -Refinancing or refunding of prior debt -Costs of bond issuances and reimbursement of prior expenses 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 -$1,000 non-refundable application fee -Initial fee of 0.15% of the par amount up to $10 million, plus 0.05% of the par amount in excess of $10 million (up to a maximum fee of $75,000) -Annual administrative fee of 0.015% of the par amount outstanding (up to a maximum of $12,000) Required Documentation -Three most recent fiscal years of audited financial statements

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Related grants

Other open grants funding Education — soonest deadline first.

Also listed under California State Grants and Education Grants.

Source: public records via Grants.gov. UseGrants is an independent aggregator, not affiliated with any funding agency. Always confirm details on the official listing before applying.