Nsfa credit enhancement program
Active Project Grant Awarded Last action
- Award ID
- S354A240006
- Recipient
-
New Schools For Alabama UEI D5NLRNSAQFX1
- Awarding agency
-
Office of Elementary and Secondary Education
Department of Education
- Obligated
- $10,550,000
Award facts
- Assistance listing
- 84.354 Credit Enhancement for Charter School Facilities
- Completion date 8% complete
- Place of performance
- Birmingham, AL 35203, USA
Award details come from USAspending.gov.
About this award
This federal Project Grant award of $10,550,000.00 was made 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 will be used by the non-profit organization New Schools For Alabama to develop innovative credit enhancement strategies, such as loan guarantees, debt reserves, and bond insurance, that help charter schools in Alabama acquire, construct, renovate, or lease academic facilities. The grant award has a performance period from October 1, 2024 to September 30, 2049, providing long-term support to reduce barriers to charter school facility financing, particularly in underserved, low-income, and minority communities.
Quick answers
Who received award S354A240006?
S354A240006 was awarded to New Schools For Alabama by Office of Elementary and Secondary Education (Department of Education) on October 1, 2024.
How much is award S354A240006 worth?
$10,550,000 has been obligated on S354A240006.
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