Provide innovative loan products to charter schools, focusing on permanent financing for start-up and early-stage schools in financially underserved markets in low-income, low-performing districts
Active Project Grant Awarded Last action
- Award ID
- S354A230016
- Recipient
-
Bluehub Loan Fund Inc. UEI P49TYES2Z113
- Awarding agency
-
Office of Elementary and Secondary Education
Department of Education
- Obligated
- $15,000,000
Award facts
- Assistance listing
- 84.354 Credit Enhancement for Charter School Facilities
- Completion date 12% complete
- Place of performance
- Boston, MA 02119, USA
Award details come from USAspending.gov.
About this award
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, low-income, low-performing districts. The grant aims to enhance the availability of loans and bond financing for charter school facilities by demonstrating innovative credit enhancement methods that leverage private sector capital, enabling charter schools to access facility financing at reasonable costs. The performance period for this award is October 1, 2023 through September 30, 2048.
Quick answers
Who received award S354A230016?
S354A230016 was awarded to Bluehub Loan Fund Inc. by Office of Elementary and Secondary Education (Department of Education) on October 1, 2023.
How much is award S354A230016 worth?
$15,000,000 has been obligated on S354A230016.
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