# Credit Enhancement for Charter School Facilities (84.354)

Source: https://welltoldgrants.com/programs/84-354-credit-enhancement-for-charter-school-facilities/  
Publisher: Well Told Grants. Data: USAspending.gov and Grants.gov, updated October 31, 2026.

Credit Enhancement for Charter School Facilities is run by Department of Education. From fiscal 2021 to 2025 it awarded $282 million in 22 grants, about $12.8 million per award.

## Objectives

To provide grants to eligible entities to assist charter schools in acquiring, constructing, and renovating facilities by enhancing the availability of loans and bond financing.

## Funding by fiscal year

| Year | Amount | Awards |
|---|---|---|
| 2021 | $55.2 million | 5 |
| 2022 | $38.5 million | 4 |
| 2023 | $64.8 million | 5 |
| 2024 | $57.9 million | 4 |
| 2025 | $65.4 million | 4 |

## Largest recipients

| Recipient | State | Amount |
|---|---|---|
| Building Charters Fund, Inc. | New York | $37.3 million |
| Equitable Facilities Fund Inc | New York | $32.0 million |
| 22 Beacon, Inc. | Maryland | $31.0 million |
| California School Finance Authority | California | $30.0 million |
| Bluehub Loan Fund Inc | Massachusetts | $27.0 million |
| New Schools for Alabama | Alabama | $25.9 million |
| Local Initiatives Support Corporation | New York | $20.0 million |
| Building Hope Finance | District of Columbia | $13.2 million |
| Nonprofit Finance Fund | New York | $12.0 million |
| Hope Enterprise Corporation | Mississippi | $12.0 million |
| Low Income Investment Fund | California | $12.0 million |
| Opportunity 180 | Nevada | $12.0 million |
| Raza Development Fund Inc | Arizona | $10.0 million |
| Massachusetts Development Finance Agency | Massachusetts | $8.0 million |
| Enterprise Community Loan Fund Inc | Maryland | $5.8 million |
| Bluum Inc | Idaho | $3.5 million |