Federal grant programs / Department of Education

Credit Enhancement for Charter School Facilities (84.354)

• Awarded, FY 2021 to 2025$282 million
• Grant awards22
• Typical award$12.0 million
• Awarded in FY 2025$65.4 million
• Size rank520 of 1824
• Type of assistanceProject grants

Key findings

• Annual funding rose from $55.2 million in fiscal 2021 to $65.4 million in fiscal 2025.
• It is the 520th largest of 1,824 federal grant programs by five-year awards.
• The 16 largest recipients received 104% of the money.
• Awards went to recipients in 10 states and territories.

What the program funds

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.

From the federal Assistance Listing. Read the full listing on SAM.gov.

Open opportunities

No opportunity under this program is open or forecast on Grants.gov right now. Programs often post once a year, so the funding history below shows what to expect.

Rules from the program listing

Who can apply

A public entity, such as a State or local government entity, a private nonprofit entity, or a consortium of such entities may apply.

What the money can and cannot pay for

Grant recipients must deposit the funds received under this program (other than funds used for administrative costs) in a reserve account established and maintained by the entity for this purpose. Amounts deposited in such an account must be used by the entity to help charter schools access private-sector capital for acquiring, renovating, or constructing facilities. Reserve accounts must be used for one or more of the following purposes: (1) Guaranteeing, insuring, and reinsuring bonds, notes, evidences of debt, loans, and interests therein; (2) Guaranteeing and insuring leases of personal and real property; (3) Facilitating financing by identifying potential lending sources and encouraging private lending and other similar activities that directly promote lending to, or are conducted for the benefit of, charter schools; and (4) Facilitating the issuance of bonds by charter schools or by public entities for the benefit of charter schools, which may be accomplished by providing technical, administrative, and other appropriate assistance, including the recruitment of bond counsel, underwriters, and potential investors and the consolidation of multiple charter school projects within a single bond issue.

Matching requirements

This program has no statutory formula. Matching requirements are not applicable to this assistance listing. MOE requirements are not applicable to this assistance listing.

Award range and average, in the agency's words

Range: $8,000,000-$20,000,000. Average: $15,000,000.

Quoted from the program's federal Assistance Listing. The notice of funding opportunity is the official source for each competition's rules.

Who usually wins

Nonprofits received 60% of the money, small businesses 11% and state and local governments 9.9%.

By state

Each state below has its own page for this program, with its recipients and yearly totals.

Award amounts are federal obligations reported to USAspending.gov for fiscal 2021 to 2025; see how our data works.