The U.S. Department of the Treasury allocates tax credit authority, direct subsidies, and federal guarantees on behalf of four federal programs that charter schools can access for facilities financing: the CDFI Bond Guarantee Program, the New Markets Tax Credit Program, the Qualified School Construction Bond Program, and the Qualified Zone Academy Bond Program.
The Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) was established by the Small Business Jobs Act of 2010 in September of that year.
Congress created the New Markets Tax Credit (NMTC) Program in 2000 to stimulate private investment and economic growth in low-income communities.
Qualified School Construction Bonds (QSCBs) support the construction, rehabilitation, or repair of public school facilities; the acquisition of land on which such school facilities will be constructed; and furniture and equipment for school facilities.
The Qualified Zone Academy Bond (QZAB) Program helps eligible public schools raise funds to rehabilitate and repair facilities, purchase equipment, develop course materials, and train teachers and other school personnel.