Project Grant S354A250009
- 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...
- 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,...
- 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 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 $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 $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,...
- 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...
- The Department of Education's Office of Elementary and Secondary Education awarded Bluehub Loan Fund Inc. a $12 million Project Grant under the Credit Enhancement for Charter School Facilities federal grant program (CFDA 84.354) on September 10, 2021. The grant will provide innovative loan products focusing on start-up and early-stage charter schools in underserved, low-income, and low-performing school districts located in Boston, Massachusetts through September 30, 2046. Specifically,...
- Federal Grant Award Summary 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...
- The California School Finance Authority has been awarded a $20,000,000 Project Grant from the U.S. Department of Education's Office of Elementary and Secondary Education under the Credit Enhancement for Charter School Facilities (CFDA 84.354) program. This multi-year grant, effective from October 1, 2023 through September 30, 2048, will enable the Authority to provide credit enhancement initiatives to assist California charter schools in acquiring, constructing, renovating, or leasing academic...
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 guaranteeing and insuring debt and leases used to finance facility acquisition, construction, renovation, and improvement projects. By reducing risk to lenders through credit enhancements such as loan guarantees and debt reserves, the program enables charter schools—particularly those serving underserved and low-income communities—to access favorable financing terms and lower borrowing costs for critical facility needs. As a Community Development Financial Institution (CDFI) headquartered in Hanover, Maryland, 22 Beacon, Inc. leverages its specialized expertise in charter school finance and community development to bridge the gap between charter schools seeking capital and private lending markets. The grant award carries a 25-year performance period through September 30, 2050, consistent with the program's standard award duration. This represents the organization's second major Credit Enhancement award under the program, reflecting its demonstrated capacity to administer federal funds and support facility financing for charter schools nationally.Summary: Bridge to Bond Financing for Charter Schools Facilities Nationally
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $20.0m | 9/24/25 |