Office of Innovation and Improvement (OII): Expanding Opportunity through Quality Charter Schools Program: Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A

The summary for the Office of Innovation and Improvement (OII): Expanding Opportunity through Quality Charter Schools Program: Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Department of Education, which is the U.S. government agency offering this grant.
Office of Innovation and Improvement (OII): Expanding Opportunity through Quality Charter Schools Program: Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A: Note: Each funding opportunity description is a synopsis of information in the Federal Register application notice. For specific information about eligibility, please see the official application notice. The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available on GPO Access at: http://www.access.gpo.gov/nara/index.html. Please review the official application notice for pre-application and application requirements, application submission information, performance measures, priorities and program contact information. Purpose of Program: The Grants for Credit Enhancement for Charter School Facilities (Credit Enhancement) program provides grants to eligible entities to demonstrate innovative methods of helping charter schools to address the cost of acquiring, constructing, and renovating facilities by enhancing the availability of loans and bond financing. Background Since FY 2002, the Department has made new Credit Enhancement grants each year, which has resulted in a portfolio of grantees using Federal funds to enhance the credit of charter schools so that they can access private-sector and other non-Federal capital in order to acquire, construct, and renovate facilities at a reasonable cost. In December 2015, the Credit Enhancement program was reauthorized under the Elementary and Secondary Education Act of 1965 (ESEA), as amended by the Every Student Succeeds Act (ESSA) (20 U.S.C. 7221c). This notice contains application requirements from the ESEA, as amended by the ESSA,1 and selection criteria and a competitive preference priority for charters operating in high-need communities and geographic areas. This notice also includes an invitational priority that encourages applicants to partner with other entities to leverage new or previously untapped capital and other resources to expand support to more schools and students as well as improve their ability to support schools and students. For example, under this priority, an applicant could propose to partner with a newly created State-funded credit enhancement program designed to improve charter schools' credit ratings on bonds, thereby enabling charter school facility financing at lower interest rates and lower borrowing costs. --------------------------------------------------------------------------- 1 Unless otherwise indicated, references to the ESEA are to the ESEA, as amended by the ESSA. --------------------------------------------------------------------------- Catalog of Federal Domestic Assistance (CFDA) Number: 84.354A. Applications for grants under the Credit Enhancement program, CFDA number 84.354A, must be submitted electronically using the Governmentwide Grants.gov Apply site at www.Grants.gov. Through this site, you will be able to download a copy of the application package, complete it offline, and then upload and submit your application. You may not email an electronic copy of a grant application to us. You may access the electronic grant application for the Credit Enhancement program at www.Grants.gov. You must search for the downloadable application package for this competition by the CFDA number. Do not include the CFDA number's alpha suffix in your search (e.g., search for 84.354, not 84.354A).
Federal Grant Title: Office of Innovation and Improvement (OII): Expanding Opportunity through Quality Charter Schools Program: Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A
Federal Agency Name: Department of Education (ED)
Grant Categories: Education
Type of Opportunity: Discretionary
Funding Opportunity Number: ED-GRANTS-032717-001
Type of Funding: Grant
CFDA Numbers: 84.354
CFDA Descriptions: Information not provided
Current Application Deadline: May 11th, 2017
Original Application Deadline: May 11th, 2017
Posted Date: March 27th, 2017
Creation Date: March 27th, 2017
Archive Date: June 10th, 2017
Total Program Funding: $16,000,000
Maximum Federal Grant Award: $8,000,000
Minimum Federal Grant Award:
Expected Number of Awards: 3
Cost Sharing or Matching: No
Last Updated: March 27th, 2017
Applicants Eligible for this Grant
State governments - County governments - City or township governments - Special district governments - Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education - Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education - Others (see text field entitled "Additional Information on Eligibility" for clarification.)
Additional Information on Eligibility
1. Eligible Applicants: (a) A public entity, such as a State or local governmental entity; (b) A private, nonprofit entity; or (c) A consortium of entities described in paragraphs (a) and (b) of this section.
Link to Full Grant Announcement
Office of Innovation and Improvement (OII): Expanding Opportunity through Quality Charter Schools Program: Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A; Notice inviting applications for new awards
Grant Announcement Contact
Julius Cotton
ED Grants.gov FIND Systems Admin.
Phone 202-245-6288
EducationGrantInquiries@ed.gov
Program Manager:
Clifton Jones,
U.S. Department of Education,
400 Maryland Avenue SW., Room 4W244,
Washington, DC 20202-5970.
Telephone: (202) 205-2204 or by email: Clifton.Jones@ed.gov.
e-Mail: Program Manager
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