Opportunity Information: Apply for ED GRANTS 011514 001
Apply for ED GRANTS 011514 001
- The Department of Education in the education sector is offering a public funding opportunity titled "Office of Innovation and Improvement (OII)Credit Enhancement for Charter School Facilities Program 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 Credit Enhancement for Charter School Facilities.
- This funding opportunity was created on Jan 15, 2014 and posted on Jan 15, 2014.
- Applicants must submit their applications by Mar 3, 2014 Applications Available January 15, 2014. Date of Pre Application Webinar (all times are Washington, DC time) Wednesday, January 29, 2014, at 200 p.m., Washington, DC time. Individuals interested in attending the Webinar are encouraged to pre register by emailing their name, organization, contact information, and preferred Webinar date and time with the subject heading CREDIT ENHANCEMENT PRE APPLICATION MEETING to Charterschools@ed.gov. There is no registration fee for attending this Webinar. For further information about the pre application Webinar, contact Kristin Lundholm, U.S. Department of Education, 400 Maryland Avenue SW., Room 4W221, Washington, DC 20202 5970. Telephone (202) 205 4352 or by email Kristin.Lundholm@ed.gov. Deadline for Transmittal of Applications March 3, 2014.. (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 $8,000,000.00 in funding.
- The number of recipients for this funding is limited to 3 candidate(s).
- Eligible applicants include: Special district governments Nonprofits having a 501(c)(3) status with the IRS, other than institutions of higher education Independent school districts City or township governments State governments Nonprofits that do not have a 501(c)(3) status with the IRS, other than institutions of higher education County governments Others (see text field entitled Additional Information on Eligibility for clarification).
- 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 Under 20 U.S.C. 7223a(b)(2), the Secretary will make, if possible, at least one award in each of the three categories of eligible applicants.
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Opportunity Summary:
The Office of Innovation and Improvement (OII) Credit Enhancement for Charter School Facilities Program (CFDA 84.354A) is a discretionary grant opportunity from the U.S. Department of Education designed to make it easier and cheaper for charter schools to finance school buildings and facility projects. Rather than paying directly for a school building, the program funds eligible intermediaries that can "enhance credit" for charter schools, meaning they help charter schools look less risky to lenders and investors. The practical goal is to help charter schools access private-sector and other non-federal capital for facilities needs, including acquiring property, constructing new facilities, and renovating existing buildings, and to do so at a reasonable cost. The Department emphasizes that funded projects should be large and strong enough in size, scope, and overall quality to support effective strategies that truly improve access to affordable financing.
The opportunity (Funding Opportunity Number ED-GRANTS-011514-001) was posted January 15, 2014, with applications available the same day and a deadline for transmittal of March 3, 2014. The Department anticipated making about three awards, with an award ceiling of $8,000,000. The listing indicates no cost-sharing or matching requirement, which means applicants were not required to commit non-federal match funds as a condition of eligibility, although applicants still typically need to describe how their financing and credit enhancement model will leverage non-federal capital.
Eligibility is broad but focused on entities capable of acting as financing or credit-support intermediaries for charter schools. Eligible applicants include (a) public entities, such as state or local governmental entities; (b) private nonprofit entities; and (c) consortia that combine public entities and private nonprofit entities. The notice also reflects a statutory expectation that, if possible, the Secretary will make at least one award in each of the three eligibility categories (public entity, nonprofit entity, and consortium). In the source data, examples of eligible applicant types include state governments, county and city or township governments, special district governments, independent school districts, and nonprofits (including both 501(c)(3) nonprofits and certain nonprofits that are not 501(c)(3), excluding institutions of higher education as specified in the listing). For exact definitions and any special conditions, applicants are directed to the official Federal Register notice.
Applications had to be submitted electronically through Grants.gov using the Grants.gov Apply workflow. Applicants were expected to download the application package, complete it offline, and then upload and submit it through the system. The notice makes clear that applications could not be submitted by email. When searching for the application package on Grants.gov, applicants were instructed to search by the CFDA number without the alphabetic suffix (for example, search "84.354" rather than "84.354A"), which is a small but important technical detail that can affect whether the correct package appears in the system.
To support prospective applicants, the Department scheduled a pre-application webinar on Wednesday, January 29, 2014, at 2:00 p.m. Washington, DC time. Interested participants were encouraged to preregister by emailing their name, organization, contact information, and preferred webinar date/time with the subject line "CREDIT ENHANCEMENT PRE APPLICATION MEETING" to Charterschools@ed.gov. There was no fee to attend. For webinar and program questions, the program manager listed was Kristin Lundholm at the U.S. Department of Education (400 Maryland Avenue SW, Room 4W221, Washington, DC 20202-5970; phone 202-205-4352; email Kristin.Lundholm@ed.gov). For help accessing the full announcement or resolving Grants.gov and system issues, the notice referenced Julius Cotton (ED Grants.gov/FIND Systems Admin) at 202-245-6288 or EducationGrantInquiries@ed.gov.
Overall, this grant competition centers on helping charter schools overcome one of their most common barriers: the high cost and limited availability of facility financing. By funding organizations that can provide credit enhancement tools and structures, the program aims to attract substantially more private and other non-federal dollars into charter school facilities projects than the federal grant amount alone could provide, ultimately enabling more charter schools to secure, build, or improve buildings on better terms. For performance measures, priorities, required forms, and the complete application and submission requirements, the notice repeatedly directs applicants to rely on the official Federal Register application notice as the controlling source.
Frequently Asked Questions (FAQs)
What is the Credit Enhancement for Charter School Facilities Program (CFDA 84.354A)?
It is a discretionary grant opportunity from the U.S. Department of Education, Office of Innovation and Improvement (OII), intended to make it easier and less expensive for charter schools to finance buildings and facility projects by supporting organizations that provide credit enhancement.
What does "credit enhancement" mean in this program?
In this context, credit enhancement refers to tools and structures provided by an intermediary that help charter schools appear less risky to lenders and investors, improving access to financing and potentially lowering borrowing costs.
Does the program pay directly for charter school buildings?
No. Rather than paying directly for a building, the program funds eligible intermediaries that can use grant funds to enhance the credit of charter schools and help them attract private-sector and other non-federal capital for facilities.
What kinds of charter school facilities needs are supported?
The described facilities needs include acquiring property, constructing new facilities, and renovating existing buildings.
What is the practical goal of this grant competition?
The goal is to help charter schools access private-sector and other non-federal capital for facilities projects at a reasonable cost, by making charter school facility financing more available and affordable through credit enhancement.
Who can apply for this opportunity?
Eligible applicants include (a) public entities (such as state or local governmental entities), (b) private nonprofit entities, and (c) consortia that combine public entities and private nonprofit entities.
Is there any expectation about how awards will be distributed across applicant types?
Yes. The notice reflects a statutory expectation that, if possible, the Secretary will make at least one award in each of the three eligibility categories: a public entity, a nonprofit entity, and a consortium.
What are examples of eligible public entities mentioned in the listing?
Examples listed include state governments, county governments, city or township governments, special district governments, and independent school districts.
What types of nonprofits are mentioned as eligible?
The listing mentions nonprofits including 501(c)(3) organizations and certain nonprofits that are not 501(c)(3). The listing also indicates exclusions as specified, including institutions of higher education as stated in the listing.
Where should applicants look for exact eligibility definitions and special conditions?
Applicants are directed to the official Federal Register notice for exact definitions and any special conditions, and it is described as the controlling source for full requirements.
What is the Funding Opportunity Number for this competition?
The Funding Opportunity Number is ED-GRANTS-011514-001.
When was the opportunity posted, and what was the application deadline?
The opportunity was posted on January 15, 2014, and applications were available the same day. The deadline for transmittal was March 3, 2014.
How many awards did the Department anticipate making?
The Department anticipated making about three awards.
What was the maximum (ceiling) award amount?
The award ceiling listed was $8,000,000.
Was cost-sharing or matching required?
No cost-sharing or matching requirement was indicated in the listing, meaning applicants were not required to commit non-federal match funds as a condition of eligibility.
If there is no match required, do applicants still need to discuss leveraging non-federal capital?
Yes. While no match was required as a condition of eligibility, the description notes that applicants still typically need to explain how their financing and credit enhancement model will leverage non-federal capital.
How were applications required to be submitted?
Applications had to be submitted electronically through Grants.gov using the Grants.gov Apply workflow. Applicants were expected to download the application package, complete it offline, and upload and submit it through Grants.gov.
Could applicants submit an application by email?
No. The notice states that applications could not be submitted by email.
What is the Grants.gov search tip mentioned for finding the correct application package?
Applicants were instructed to search by the CFDA number without the alphabetic suffix. For example, search for "84.354" rather than "84.354A".
Was there a pre-application webinar?
Yes. A pre-application webinar was scheduled for Wednesday, January 29, 2014, at 2:00 p.m. Washington, DC time.
How did prospective applicants preregister for the webinar?
Participants were encouraged to preregister by emailing their name, organization, contact information, and preferred webinar date/time with the subject line "CREDIT ENHANCEMENT PRE APPLICATION MEETING" to Charterschools@ed.gov.
Was there a fee to attend the pre-application webinar?
No. The notice states there was no fee to attend.
Who was the program manager contact for webinar and program questions?
The program manager listed was Kristin Lundholm, U.S. Department of Education, 400 Maryland Avenue SW, Room 4W221, Washington, DC 20202-5970; phone 202-205-4352; email Kristin.Lundholm@ed.gov.
Who could applicants contact for help with accessing the full announcement or Grants.gov/system issues?
The notice referenced Julius Cotton (ED Grants.gov/FIND Systems Admin) at 202-245-6288 or EducationGrantInquiries@ed.gov.
What does the Department emphasize about the projects it intends to fund?
The Department emphasizes that funded projects should be large and strong enough in size, scope, and overall quality to support effective strategies that meaningfully improve access to affordable financing.
What is the main barrier this program is trying to address for charter schools?
The competition focuses on overcoming the high cost and limited availability of facility financing for charter schools.
What is the intended effect of funding intermediaries instead of individual schools?
By funding credit enhancement organizations, the program aims to attract substantially more private and other non-federal dollars into charter school facilities projects than the federal grant amount alone could generate.
Where should applicants find performance measures, priorities, required forms, and full submission requirements?
The notice repeatedly directs applicants to rely on the official Federal Register application notice for performance measures, priorities, required forms, complete application instructions, and submission requirements.
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