Project Acceleration Notes and Credit Enhancement Alternatives (PANACEA)
Designed to Help Charter Schools Accelerate Facility
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If you have any questions about the Project Acceleration Notes and Credit Enhancement Alternatives, please contact CSFA.
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Project Acceleration Notes and Credit Enhancement Alternatives Overview
The federally-funded Project Acceleration Notes and Credit Enhancement Alternatives (PANACEA) Program was created from an $8 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 September 2017. This program enhances financing to charter schools to accelerate the development of permanent charter school facilities. Through the same federal grant program, in June 2019, the Authority applied for, and in August 2019 was awarded, a $20 million grant for the Charter Access to Bank Loan Enhancement (Charter ABLE) Program.
For more information, please contact the CSFA Executive Director: Katrina Johantgen at (213) 620-4608 or Program Analyst: Ryan Storey at (213) 620-6360.