Project Grant S354A230005
- The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $20,000,000 Project Grant to Equitable Facilities Fund Inc., a nonprofit organization, under the federal Credit Enhancement for Charter School Facilities program (CFDA 84.354). The grant, effective October 1, 2024 through September 30, 2049, will enable Equitable Facilities Fund to provide credit enhancement services that help charter schools access private capital for facility development, renovation,...
- 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 Low Income Investment Fund (LIIF), doing business as Liif, was awarded a $1,826,265 project grant from the Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The grant was awarded under the CDFI Fund's Community Development Financial Institutions Rapid Response Program (CDFI RRP) on June 15, 2021 for a two-year period concluding on June 30, 2023. The CDFI RRP grant will support LIIF's ability to respond to the economic impacts of the coronavirus...
- The federal Project Grant award of $17,300,000.00 was provided by the U.S. Department of Education's Office of Elementary and Secondary Education under the Credit Enhancement for Charter School Facilities program (CFDA 84.354). The grant was awarded to Building Charters Fund, Inc. on October 1, 2024, with a performance period ending on September 30, 2049. The funding is intended to assist charter schools in accessing private-sector capital for facility-related needs, such as acquiring,...
- 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 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...
- The Nonprofit Finance Fund received a $12 million Project Grant award from the U.S. Department of Education's Office of Elementary and Secondary Education under the Credit Enhancement for Charter School Facilities federal grant program (CFDA 84.354). The grant will provide credit enhancement initiatives from August 1, 2022 through September 30, 2048 to assist charter schools in leveraging private sector capital for acquiring, constructing, renovating, or leasing academic facilities located in...
- The Department of Education Office of Elementary and Secondary Education awarded a $11 million Project Grant to the Charter Schools Development Corporation (CSDC) on August 1, 2022 to complete the project by September 30, 2048. The grant is being provided under the Credit Enhancement for Charter School Facilities federal grant program (CFDA 84.354) to leverage private sector capital for charter school facilities acquisition, construction, renovation, and leasing. CSDC will assist charter schools...
- The Low Income Investment Fund (LIIF) received a $4.5 million Capital Magnet Fund award from the Department of the Treasury's Community Development Financial Institutions Fund on February 22, 2021. The Capital Magnet Fund program (CFDA 21.011) aims to attract private capital to create and preserve affordable housing for low-income families and economically distressed communities. LIIF will use this funding to support financing that preserves and rehabilitates affordable housing through...
- 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...
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.
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $12.0m | 9/27/23 |