The Department of Education Office of Elementary and Secondary Education awarded Elwood Community Consolidated School $750,146 under the Impact Aid Program (CFDA 84.041) on October 1, 2025, to provide financial assistance to the school district affected by Federal acquisition of real property that reduces the local tax base.
Impact Aid replaces lost local revenue resulting from Federal property exemptions within the district's assessed valuation. Elwood Community Consolidated School serves K–12 students in Elwood, Illinois, where Federal property acquisition has reduced the district's ability to finance education through traditional local property tax revenue. The award supports general educational operations and services across the district.
The period of performance runs from October 1, 2025, through September 30, 2031. Performance and administrative oversight take place in Elwood, Illinois. The assistance type is a Project Grant, with $750,146 obligated as of the award date.