The Department of Education's Office of Elementary and Secondary Education awarded Bluehub Loan Fund Inc. a $12 million Project Grant under the Credit Enhancement for Charter School Facilities federal grant program (CFDA 84.354) on September 10, 2021. The grant will provide innovative loan products focusing on start-up and early-stage charter schools in underserved, low-income, and low-performing school districts located in Boston, Massachusetts through September 30, 2046. Specifically, Bluehub Loan Fund Inc. will leverage the $12M award to assist charter schools in acquiring, constructing, renovating, or leasing academic facilities using private sector capital through credit enhancement initiatives as outlined under the federal program.
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