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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