Lease Assistance
The PSFA’s Lease Assistance Program helps school districts and charter schools with facility costs by providing grants to cover a portion or all of their lease payments for classroom facilities. This program aims to ensure all New Mexico communities have access to adequate school buildings, regardless of their resources.
Applications are now closed.
Eligibility
Eligibility requirements for schools to apply for lease assistance include:
- Current lease or lease purchase agreement
- Charter schools must be currently authorized
- Facility must have E-occupancy certificate
- Charter school/district must have current Facility Master Plan
- Charter school facilities must meet all requirements of Statute 22-8B-4.2
Checklist
This checklist is a guidance document to be used by governing bodies of charter schools in submitting their proposed lease purchase arrangements. This checklist is not necessarily a comprehensive or exclusive list of all the Public Education Department’s requirements for approval of proffered financing agreements. In specific instances, our state agency may require the governing body of a charter school to submit additional documents or other information pertaining to the particular business transactions and financing arrangements involved.