The California School Finance Authority has been awarded a $20,000,000 Project Grant from the U.S. Department of Education's Office of Elementary and Secondary Education under the Credit Enhancement for Charter School Facilities (CFDA 84.354) program. This multi-year grant, effective from October 1, 2023 through September 30, 2048, will enable the Authority to provide credit enhancement initiatives to assist California charter schools in acquiring, constructing, renovating, or leasing academic...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $4,983,000 Project Grant on October 30, 2024 to the California School Finance Authority (CSFA) under the Charter Schools (CFDA 84.282) program. The grant will support CSFA's efforts to provide financial support and credit enhancement mechanisms, such as loan guarantees, debt reserves, and bond insurance, to enable charter schools in California to acquire, construct, renovate, and lease academic...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $17,300,000 Project Grant under the Credit Enhancement for Charter School Facilities program (CFDA 84.354) to Building Charters Fund, Inc. The grant will support the organization's efforts to leverage private-sector capital and develop innovative financing mechanisms that help charter schools in New York City acquire, construct, renovate, or lease academic facilities. By providing credit enhancement...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $15,000,000 Project Grant under the Credit Enhancement for Charter School Facilities program (CFDA 84.354) to Bluehub Loan Fund Inc., a woman-owned nonprofit community development finance organization. The grant will support Bluehub Loan Fund Inc. in providing innovative loan products to charter schools, with a focus on permanent financing for start-up and early-stage schools in financially underserved,...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $20,000,000 Project Grant under the Credit Enhancement for Charter School Facilities program (CFDA 84.354) to Equitable Facilities Fund Inc., a nonprofit organization based in New York City. The grant, awarded on October 1, 2024, will support the organization's efforts to provide credit enhancement services that help charter schools across the United States access private-sector capital for facility...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $10,550,000 Project Grant under the Credit Enhancement for Charter School Facilities Program (CFDA 84.354) to New Schools For Alabama. The grant, with a period of performance from October 1, 2024 to September 30, 2049, is designed to help charter schools in Alabama access private-sector capital for facility-related needs. The funding will enable New Schools For Alabama to develop innovative financing...
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...
This $24,691,396 Project Grant award from the U.S. Department of Education's Office of Elementary and Secondary Education under the Charter Schools Program (CFDA 84.282) supports the startup, replication, and expansion of high-quality charter schools in California. The grant aims to increase educational options for parents and students, while holding charter schools to stricter academic accountability. The award provides funding to the California Department of Education to administer...
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,...
The Department of Education Office of Elementary and Secondary Education awarded a $3.5 million Project Grant to Bluum Inc. under the Credit Enhancement for Charter School Facilities federal grant program (CFDA 84.354). The grant will provide funding through September 30, 2048 to leverage private sector capital for charter school facilities projects in Idaho. Specifically, the grant will assist charter schools in acquiring, constructing, renovating, or leasing academic facilities by providing...