Federal Financing
The U.S. Department of Education (ED) offers federal grant funds for charter school facilities through two programs administered by the Office of Innovation and Improvement, an entrepreneurial arm of ED that makes strategic investments in innovative educational practices. The U.S. Department of the Treasury allocates authority for four federal programs for which charter schools are eligible. In addition, the U.S. Department of Agriculture has its Community Facilities Program, which can be accessed for charter school facilities financing.
The USDA Rural Development’s Community Facilities Programs provide loans, guarantees and grants for essential community facilities in rural areas and towns
ED’s Office of Innovation and Improvement administers two charter school facilities grant programs—the Credit Enhancement for Charter School Facilities Program and the State Charter School Facilities Incentive Grants Program.
The Treasury Department allocates tax credit authority, direct subsidies and federal guarantees on behalf of four federal programs that charter schools can access for facilities financing