This bill aims to improve charter schools' access to quality, affordable facilities by supporting state programs that help charter schools acquire, lease, or renovate buildings. The legislation authorizes $100 million annually from 2026 through 2030 for competitive grants to states that establish or expand charter school facilities assistance programs, with preference given to states offering tax-exempt financing, removing barriers to charter school property purchases, and treating charter schools equitably with traditional public schools in zoning and land-use policies. The bill also allows states to create revolving loan funds to assist charter schools with initial operating costs and facility improvements, and it expands federal technical assistance for charter school development, particularly in rural and low-income communities. The funding does not create a federal interest in the assisted properties, meaning the federal government maintains no ongoing claims to facilities purchased with these grants.
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