Low income investment fund (liif) credit enhancement for charter school facilities application

Active Project Grant Awarded Last action

Award ID
S354A230005
Recipient
Awarding agency
Obligated
$12,000,000

Award facts

Assistance listing
84.354 Credit Enhancement for Charter School Facilities
Completion date 12% complete
Place of performance
San Francisco, CA 94111, USA

Award details come from USAspending.gov.

About this award

Written by GovTribe AI ·

The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $12,000,000 Project Grant under the Credit Enhancement for Charter School Facilities program (CFDA 84.354) to the Low Income Investment Fund (LIIF), a leading national community development financial institution (CDFI). The grant will assist LIIF in leveraging private sector capital to enhance the availability of loans and bond financing for charter schools, enabling them to acquire, construct, renovate, or lease academic facilities at reasonable costs. LIIF has received numerous federal grants from the Department of the Treasury's CDFI Fund to support lending, investments, and development services in low-income communities, including $4.5M for affordable housing solutions and $4.9M for pandemic response efforts. The grant award to LIIF has a performance period from October 1, 2023, through September 30, 2048.

Quick answers

Who received award S354A230005?

S354A230005 was awarded to Low Income Investment Fund by Office of Elementary and Secondary Education (Department of Education) on October 1, 2023.

How much is award S354A230005 worth?

$12,000,000 has been obligated on S354A230005.

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