Project Grant S354A250020
- 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,...
- Summary: Bridge to Bond Financing for Charter Schools Facilities Nationally The Office of Elementary and Secondary Education awarded $20 million to 22 Beacon, Inc. (doing business as Charter Schools Development Corporation) on October 1, 2025, under the Credit Enhancement for Charter School Facilities Program (CFDA 84.354). This Project Grant, with a performance period extending through September 30, 2050, funds the development and implementation of innovative credit enhancement strategies...
- 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,...
- Federal Grant Award Summary The U.S. Department of Education's Office of Elementary and Secondary Education awarded Local Initiatives Support Corporation (LISC) $20 million under the Credit Enhancement for Charter School Facilities Program (CFDA 84.354) on October 1, 2025, with a performance period extending through September 30, 2050. Through this Project Grant, LISC administers the DREAM BIG Fund, which provides credit enhancement mechanisms—including loan guarantees, debt reserves, and...
- 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,...
- Federal Grant Award Summary 22 Beacon, Inc. (doing business as Charter Schools Development Corporation) received a $477,980 Project Grant from the U.S. Department of Education's Office of Elementary and Secondary Education under the Charter Schools Program (CFDA 84.282) awarded October 1, 2025, with completion targeted for September 30, 2026. The grant funds the development of "Mastering the Blueprint: A Playbook for Facilities-Ready Charter Schools," a technical assistance and...
- 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,...
- 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...
- 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,...
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 supports the development and implementation of credit enhancement strategies designed to help charter schools access private-sector capital for facility-related needs. These strategies may include loan guarantees, debt reserves, bond insurance, and other innovative financial mechanisms that reduce barriers to facility financing for charter school acquisition, construction, renovation, and leasing activities. The program prioritizes assistance to charter schools in underserved, low-income, and minority communities. Building Charters Fund, Inc. will leverage this funding to develop credit enhancement initiatives that expand charter school access to private capital markets, thereby facilitating facility improvements across geographic regions with significant educational infrastructure needs. The 25-year performance period reflects the long-term nature of charter school facility financing and development activities supported through this competitive federal grant initiative.Federal Grant Award Summary
Mod # | Description | ReasonForModification | Federal Obligation | Date |
|---|---|---|---|---|
| Not listed | $20.0m | 9/24/25 |