Equitable facilities fund 2022 credit enhancement program

Active Project Grant Awarded Last action

Award ID
S354A210011
Recipient
Awarding agency
Obligated
$12,000,000

Award facts

Assistance listing
84.354 Credit Enhancement for Charter School Facilities
Completion date 20% complete
Place of performance
New York, NY, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The Department of Education Office of Elementary and Secondary Education awarded Equitable Facilities Fund Inc. a $12 million Project Grant on September 10, 2021 through the Credit Enhancement for Charter School Facilities program (CFDA 84.354). The grant will provide credit enhancement initiatives to assist charter schools in New York, NY in leveraging private sector capital to acquire, construct, renovate, or lease academic facilities. The Credit Enhancement for Charter School Facilities program aims to help charter schools obtain facilities financing through credit enhancement mechanisms such as loan guarantees or bond insurance reserves. Equitable Facilities Fund Inc. will use the grant funding to deliver these credit enhancement services through September 30, 2046 to support charter schools in accessing private market financing for facilities projects.

Quick answers

Who received award S354A210011?

S354A210011 was awarded to Equitable Facilities Fund Inc. by Office of Elementary and Secondary Education (Department of Education) on September 10, 2021.

How much is award S354A210011 worth?

$12,000,000 has been obligated on S354A210011.

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