The Department of Education (Department) is inviting applicants to apply for its 2025 for Charter Schools Program (CSP)—Grants for Credit Enhancement for Charter School Facilities (Credit Enhancement).
Donor Name: U.S. Department of Education
State: All States
County: All Counties
Type of Grant: Grant
Deadline: 06/25/2025
Size of the Grant: More than $1 million
Grant Duration: Grant Duration Not Mentioned
Details:
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.
Funding Information
- Estimated Available Funds: $60,000,000.
- Estimated Range of Awards: $2,000,000 to $20,000,000 per year.
- Estimated Average Size of Awards: $16,000,000.
Eligibility Criteria
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.
For more information, visit Grants.gov.