Opportunity Information: Apply for ED GRANTS 060519 002
The Office of Elementary and Secondary Education (OESE) is offering a discretionary grant competition under the Expanding Opportunity Through Quality Charter Schools Program (CSP) called "Grants for Credit Enhancement for Charter School Facilities" (CFDA 84.354A). The central goal of this program is to make it easier and more affordable for charter schools to secure facilities by improving their access to private financing. Instead of paying directly for buildings, the program is designed to "enhance credit" so that charter schools can more readily obtain loans or bond financing for major facility needs such as acquiring property, constructing new buildings, or renovating existing spaces. In practice, this means the grant supports tools and structures that reduce lender risk and, ideally, lower borrowing costs or expand the pool of available financing options for charter school facility projects.
The competition is run by the U.S. Department of Education, and the opportunity category is discretionary, with awards made through grants. The notice emphasizes that the public summary is only a synopsis and that the Federal Register application notice is the controlling document for all requirements, including eligibility rules, how to apply, any priorities, performance measures, and official contact information. Applicants are also directed to the Department of Education's "Common Instructions for Applicants to Department of Education Discretionary Grant Programs" (published February 13, 2019) for the official procedures on obtaining and submitting an application, along with the required formatting and submission steps.
Key dates from the announcement include an application availability date of June 5, 2019, a deadline for transmittal of applications of July 19, 2019, and a deadline for intergovernmental review of September 18, 2019. The Department also planned a pre-application webinar to provide technical assistance to prospective applicants, with details posted on the program's Credit Enhancement webpage. This webinar is meant to help organizations understand the program design and application expectations, which can be important given that credit enhancement models often involve specialized financial structures and partnerships.
Funding details indicate an award ceiling of $20,000,000 per award, with an expected number of awards of 4. That combination suggests a relatively competitive national competition focused on a small number of large, high-impact awards. The eligible applicants field is listed as "Others (see text field entitled Additional Information on Eligibility for clarification)," which signals that eligibility is not limited to a simple category like states or school districts and must be confirmed in the official notice. Typically, programs like this are aimed at entities capable of operating credit enhancement mechanisms (for example, financial intermediaries or organizations with the capacity to manage reserves, guarantees, or other risk-mitigation tools), but the official Federal Register notice is where the definitive eligibility language would be found.
Overall, this opportunity is best understood as a facility-finance accelerator for charter schools: it funds eligible entities to test and demonstrate innovative, scalable approaches that unlock or improve financing for charter school facilities. The program is explicitly tied to increasing the availability of loans and bond financing, which points to outcomes such as more charter school projects reaching closing, improved terms for borrowers, and strengthened financing pipelines for facility acquisition, construction, and renovation. For anyone considering applying, the most important next step is to review the Federal Register notice and the Department's common application instructions to confirm eligibility, required components, submission procedures, and the metrics the Department will use to evaluate performance.Apply for ED GRANTS 060519 002
- The Department of Education in the education sector is offering a public funding opportunity titled "Office of Elementary and Secondary Education (OESE): Expanding Opportunity Through Quality Charter Schools Program (CSP): Grants for Credit Enhancement for Charter School Facilities CFDA Number 84.354A" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 84.354.
- This funding opportunity was created on Jun 05, 2019.
- Applicants must submit their applications by Jul 19, 2019 Applications Available June 5, 2019 Deadline for Transmittal of Applications July 19, 2019 Deadline for Intergovernmental Review September 18, 2019 Pre-Application Webinar Information The Credit Enhancement program intends to hold a webinar designed to provide technical assistance to interested applicants. Detailed information regarding this webinar will be provided on the Credit Enhancement web page at https://innovation.ed.gov/what-we-do/charter-schools/credit-enhancement-for-charter-school-facilities-program/applicant-info-and-eligibility/.. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- Each selected applicant is eligible to receive up to $20,000,000.00 in funding.
- The number of recipients for this funding is limited to 4 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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Frequently Asked Questions (FAQs)
What is the name of this grant competition?
The competition is called "Grants for Credit Enhancement for Charter School Facilities" under the Expanding Opportunity Through Quality Charter Schools Program (CSP).
Which federal office and agency are running the competition?
The competition is offered through the Office of Elementary and Secondary Education (OESE) within the U.S. Department of Education.
What is the CFDA number for this opportunity?
The CFDA number listed is 84.354A.
What type of funding opportunity is this?
This is a discretionary grant competition, with awards made through grants.
What is the central goal of the program?
The central goal is to make it easier and more affordable for charter schools to secure facilities by improving their access to private financing through credit enhancement.
Does the grant pay directly for charter school buildings or construction costs?
No. The program is designed to enhance credit rather than pay directly for buildings. The intent is to reduce lender risk so charter schools can more readily obtain loans or bond financing for facilities.
What kinds of facility needs are tied to this credit enhancement purpose?
The notice describes major facility needs such as acquiring property, constructing new buildings, or renovating existing spaces.
How is "credit enhancement" described in the announcement?
Credit enhancement is described as supporting tools and structures that reduce lender risk and ideally lower borrowing costs or expand the pool of financing options available for charter school facility projects.
What outcomes is the program explicitly tied to?
The program is explicitly tied to increasing the availability of loans and bond financing for charter school facilities, pointing to outcomes like more projects reaching closing, improved financing terms for borrowers, and stronger financing pipelines.
Who is eligible to apply?
The eligibility field is listed as "Others (see text field entitled Additional Information on Eligibility for clarification)," meaning eligibility is not fully defined in the summary and must be confirmed in the official Federal Register application notice.
Where do applicants find the definitive eligibility requirements?
The announcement states that the Federal Register application notice is the controlling document for eligibility rules and all other official requirements.
What document controls the official requirements for this competition?
The Federal Register application notice is the controlling document for all requirements, including eligibility, how to apply, priorities, performance measures, and official contact information.
Are there official application instructions applicants must follow?
Yes. Applicants are directed to follow the Department of Education's "Common Instructions for Applicants to Department of Education Discretionary Grant Programs" (published February 13, 2019) for official procedures, formatting, and submission steps.
When were applications made available?
The application availability date listed is June 5, 2019.
What was the deadline to submit (transmit) an application?
The deadline for transmittal of applications was July 19, 2019.
What was the deadline for intergovernmental review?
The deadline for intergovernmental review was September 18, 2019.
Was there a pre-application webinar or technical assistance opportunity?
Yes. The Department planned a pre-application webinar to provide technical assistance to prospective applicants, with details posted on the program's Credit Enhancement webpage.
What was the purpose of the pre-application webinar?
The webinar was intended to help prospective applicants understand the program design and application expectations, which can be important because credit enhancement models often involve specialized financial structures and partnerships.
How much funding could a single award provide (award ceiling)?
The award ceiling listed is $20,000,000 per award.
How many awards were expected?
The expected number of awards was 4.
What does the combination of a high award ceiling and few awards suggest?
It suggests a competitive national competition focused on a small number of large, high-impact awards.
What kinds of organizations is this competition generally suited for, based on the summary?
The summary suggests it is typically aimed at entities capable of operating credit enhancement mechanisms, such as organizations able to manage reserves, guarantees, or other risk-mitigation tools. The definitive eligibility language, however, must be confirmed in the Federal Register notice.
Does the summary provide all the information needed to apply?
No. The notice emphasizes that the public summary is only a synopsis and that the Federal Register application notice is the controlling document for complete requirements.
Where should applicants look for priorities, performance measures, and official contact information?
The announcement indicates these details are provided in the Federal Register application notice.
What is the main next step recommended for organizations considering applying?
The most important next step described is to review the Federal Register notice and the Department's common application instructions to confirm eligibility, required application components, submission procedures, and the metrics used to evaluate performance.
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