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Office of Elementary and Secondary Education (OESE): Charter Schools Program (CSP): Grants for Credit Enhancement for Charter School Facilities (Credit Enhancement), Assistance Listing Number 84.354A

ID: ED-GRANTS-051625-001 • Type: Posted
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Description

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. Please review the official application notice for pre-application and application requirements, application submission information, performance measures, priorities and program contact information.

For the addresses for obtaining and submitting an application, please refer to our Revised Common Instructions for Applicants to Department of Education Discretionary Grant Programs, published in the Federal Register on December 23, 2024.

Purpose of Program: Through CSP Credit Enhancement grants, the Department provides grants on a competitive basis to eligible public and private nonprofit entities that demonstrate innovative ways to assist charter schools with the costs related to acquiring, constructing, and renovating facilities by enhancing the availability of loans and bond financing. Charter schools supported under CSP Credit Enhancement grants provide elementary or secondary education, or both, and may also serve students in early childhood education programs or postsecondary students.

Assistance Listing Number: 84.354A.

Background
The Office of Elementary and Secondary Education (OESE) administers the Charter Schools Program (CSP), which aims to enhance educational opportunities through innovative charter school models. The CSP Credit Enhancement grants are designed to assist eligible public and private nonprofit entities in supporting charter schools with the costs associated with acquiring, constructing, and renovating facilities by improving access to loans and bond financing. These grants aim to facilitate the establishment of charter schools that provide elementary or secondary education, as well as early childhood education programs or postsecondary education.

Grant Details
The CSP Credit Enhancement grants will support eligible entities in innovative financing solutions for charter school facilities. Tasks include enhancing loan availability and bond financing for charter schools, which may involve acquiring, constructing, or renovating educational facilities. The program encourages applicants to demonstrate how their projects will improve access to financing for charter schools and ensure that these institutions can operate effectively within their communities.

Eligibility Requirements
Eligible applicants include public entities, private nonprofit entities, and consortia of such entities. Applicants must demonstrate their capacity to provide innovative solutions for financing charter school facilities.

Period of Performance
The period of performance will commence from the start date indicated on the grant award document until all federal funds and earnings have been expended for grant purposes or until financing facilitated by the grant has been retired.

Grant Value
$60,000,000 total value; $2,000,000 to $20,000,000 individual award range; $16,000,000 average award size; $20,000,000 maximum award.

Place of Performance
The specific geographic locations where the grant activities will take place are expected to be within communities served by the participating charter schools.
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Overview

Agency
Department of Education (ED)
Category of Funding
Education
Funding Instruments
Grant
Grant Program (CFDA)
84.354 - Credit Enhancement for Charter School Facilities
Grant Category
Discretionary
Cost Sharing / Matching Requirement
False
Source
Grants.gov
On 5/16/25 the Department of Education posted grant opportunity ED-GRANTS-051625-001 for Office of Elementary and Secondary Education (OESE): Charter Schools Program (CSP): Grants for Credit Enhancement for Charter School Facilities (Credit Enhancement), Assistance Listing Number 84.354A with funding of $60.0 million. The grant will be issued under grant program 84.354 Credit Enhancement for Charter School Facilities. It is expected that 4 total grants will be made.

Timing

Posted Date
May 16, 2025, 12:00 a.m. EDT
Closing Date
June 25, 2025, 12:00 a.m. EDT Past Due
Closing Date Explanation
Applications Available: May 16, 2025. Deadline for Notice of Intent to Apply: Applicants are strongly encouraged but not required to submit a notice of intent to apply by June 16, 2025. Applicants who do not meet this deadline may still apply. Deadline for Transmittal of Applications: June 25, 2025. Deadline for Intergovernmental Review: August 25, 2025. Pre-Application Webinar Information: The Credit Enhancement program intends to hold a webinar to provide technical assistance to interested applicants. Detailed information regarding this webinar will be provided at https://www.ed.gov/grants-and-programs/grants-birth-grade-12/charter-school-programs/credit-enhancement-for-charter-school-facilities-program. Note: For new potential grantees unfamiliar with grantmaking at the Department, please consult our “Getting Started with Discretionary Grant Applications web page at https://www.ed.gov/grants-and-programs/apply-grant/getting-started-discretionary-grant-applications. FOR FURTHER INFORMATION CONTACT: Thea Fowles, U.S. Department of Education, 400 Maryland Avenue SW, Washington, DC 20202-5970. Telephone: (202) 987-1727. Email: charter.facilities@ed.gov.
Last Updated
May 16, 2025, 9:37 a.m. EDT
Version
5

Eligibility

Eligible Applicants
Others (see text field entitled "Additional Information on Eligibility" for clarification)
Additional Info
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 (a) and (b). Note: If you are a nonprofit organization, under 34 CFR 75.51, you may demonstrate your nonprofit status by providing: (1) proof that the Internal Revenue Service currently recognizes the applicant as an organization to which contributions are tax deductible under section 501(c)(3) of the Internal Revenue Code; (2) a statement from a State taxing body or the State attorney general certifying that the organization is a nonprofit organization operating within the State and that no part of its net earnings may lawfully benefit any private shareholder or individual; (3) a certified copy of the applicant's certificate of incorporation or similar document if it clearly establishes the nonprofit status of the applicant; or (4) any item described above if that item applies to a State or national parent organization, together with a statement by the State or parent organization that the applicant is a local nonprofit affiliate.

Award Sizing

Ceiling
Not Listed
Floor
Not Listed
Estimated Program Funding
$60,000,000
Estimated Number of Grants
4

Contacts

Contact
Holly Clark Management and Program Analyst
Contact Email
charter.facilities@ed.gov   Profile
Email Description
Program Mailbox
Contact Phone
(202) 245-6408
Additional Information
Office of Elementary and Secondary Education (OESE): Charter Schools Program (CSP): Grants for Credit Enhancement for Charter Schools Facilities (Credit Enhancement), Assistance Listing Number 84.354A Department of Education FY25 NIA
Additional Information Site
https://www.govinfo.gov/content/pkg/FR-2025-05-16/pdf/2025-08783.pdf

Documents

Posted documents for ED-GRANTS-051625-001

Grant Awards

Grants awarded through ED-GRANTS-051625-001

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