Equitable facilities fund 2023 credit enhancement project
Active Project Grant Awarded Last action
- Award ID
- S354A240017
- Recipient
-
Equitable Facilities Fund Inc. UEI QM5DG76NMHT4
- Awarding agency
-
Office of Elementary and Secondary Education
Department of Education
- Obligated
- $20,000,000
Award facts
- Assistance listing
- 84.354 Credit Enhancement for Charter School Facilities
- Completion date 8% complete
- Place of performance
- New York, NY, 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 $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, and acquisition. This includes offering low-cost, fixed-rate loans, loan guarantees, and bond insurance reserves to support charter school facility projects, particularly in underserved, low-income, and minority communities. The grant is part of the Department of Education's broader effort to assist charter schools in using private-sector financing for their academic facility needs.
Quick answers
Who received award S354A240017?
S354A240017 was awarded to Equitable Facilities Fund Inc. by Office of Elementary and Secondary Education (Department of Education) on October 1, 2024.
How much is award S354A240017 worth?
$20,000,000 has been obligated on S354A240017.
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