Fund for high-potential and underserved charter schools
Active Project Grant Awarded Last action
- Award ID
- S354A240013
- Recipient
-
Building Charters Fund, Inc. UEI UHKLCUMWNY51
- Awarding agency
-
Office of Elementary and Secondary Education
Department of Education
- Obligated
- $17,300,000
Award facts
- Assistance listing
- 84.354 Credit Enhancement for Charter School Facilities
- Completion date 8% complete
- Place of performance
- New York, NY 10014, USA
Award details come from USAspending.gov.
About this award
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, constructing, renovating, or leasing academic facilities. This will be achieved through the development of innovative credit enhancement strategies, including loan guarantees, debt reserves, bond insurance, and other financial mechanisms that reduce barriers to facility financing for charter schools, particularly those serving underserved, low-income, and minority communities.
Quick answers
Who received award S354A240013?
S354A240013 was awarded to Building Charters Fund, Inc. by Office of Elementary and Secondary Education (Department of Education) on October 1, 2024.
How much is award S354A240013 worth?
$17,300,000 has been obligated on S354A240013.
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