U.S Department of Education: Expanding Opportunity Through Quality Charter Schools Program (CSP) – Grants for Credit Enhancement for Charter School Facilities

The CSP—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.

The CSP Credit Enhancement program has the following priorities:

1. Competitive preference priority: The capacity of charter schools to offer public school choice in those communities with the greatest need for this choice based on:

• The extent to which the applicant would target services to geographic areas in which a large proportion or number of public schools have been identified for improvement, corrective action, or restructuring
• The extent to which the applicant would target services to geographic areas in which a large proportion of students perform below proficient on state academic assessments
• The extent to which the applicant would target services to communities with large proportions of students from low-income families

2. Invitational priority: Projects proposing the development of one or more partnerships that will enable the applicant to leverage newly created or previously untapped sources of capital or other assistance, which may include non-federal programs, in financing charter school facilities in geographic areas and communities described in the competitive preference priority.

Amount: A total of $65,000,000 is available to make up to seven awards that range from $4,000,000-$12,000,000 and average $9,000,000.

Eligibility: A public entity, such as a state or local governmental entity; a private, nonprofit entity; or a consortium of these eligible entities.

Link: https://www.grants.gov/web/grants/view-opportunity.html?oppId=302013

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