Project Grant S354A250004
- Federal Grant Award Summary Building Charters Fund, Inc. received a $20 million Project Grant from 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), effective October 1, 2025 through September 30, 2050. The award funds the establishment of a reserve account that will be deployed to enhance the availability of debt and lease financing for charter school facility acquisition,...
- 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 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,...
- Summary: Bridge to Bond Financing for Charter Schools Facilities Nationally The U.S. Department of Education's Office of Elementary and Secondary Education awarded a $20 million Project Grant on October 1, 2025, to 22 Beacon, Inc. (doing business as Charter Schools Development Corporation) under the Credit Enhancement for Charter School Facilities program (CFDA 84.354). The award funds a reserve account that will be deployed to enhance credit availability for charter schools nationwide by...
- Summary of Federal Project Grant Award Building Hope Finance received a $20 million Project Grant from 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), effective October 1, 2026 through September 30, 2051. The award funds the Building Hope Catalytic Capital Program, which will establish and maintain reserve accounts to enhance credit availability for charter schools pursuing...
- 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 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...
- 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...
- This $10,000,000 federal Project Grant award 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 Raza Development Fund Inc. (RDF), a Phoenix-based nonprofit organization and Community Development Financial Institution, on October 1, 2024. The purpose of this grant is to serve as an additional catalyst for RDF's direct lending products,...
- Federal Grant Award Summary The U.S. Department of Education's Office of Elementary and Secondary Education awarded 22 Beacon, Inc. (doing business as Charter Schools Development Corporation) a $477,980 Project Grant under the Charter Schools program (CFDA 84.282) to develop "Mastering the Blueprint: A Playbook for Facilities-Ready Charter Schools." The award, effective October 1, 2025 through September 30, 2026, funds the creation of a comprehensive toolkit and strategic guidance...
The U.S. Department of Education's Office of Elementary and Secondary Education awarded Local Initiatives Support Corporation (LISC) a $20 million Project Grant under the Credit Enhancement for Charter School Facilities program (CFDA 84.354) on October 1, 2025, with a completion date of September 30, 2050. Through its "DREAM BIG Fund" initiative, LISC will establish and manage a reserve account to provide credit enhancement services that strengthen charter schools' access to financing for facility acquisition, construction, and renovation. The credit enhancements—including loan guarantees, debt insurance, and lease guarantees—are designed to reduce lender risk, thereby improving charter schools' borrowing capacity and lowering interest rates and financing costs. As an intermediary community development organization, LISC will leverage the $20 million federal obligation to support charter school facility financing across multiple states. The 25-year grant period reflects the program's standard structure, enabling sustained credit enhancement activity that facilitates long-term capital investment in charter school infrastructure. This award represents one of the program's largest recent competitive grants and demonstrates the Department of Education's commitment to expanding charter school facility development capacity through enhanced credit availability.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $20.0m | 9/24/25 |