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Federal Grant Opportunity of the Month

Name: Credit Enhancement for Charter School Facilities Program Administering

Office: Office of Innovation and Improvement Program

Description: This program will provide grants to eligible entities to permit them to enhance the credit of charter schools so that they can access private-sector and other non-Federal capital to acquire, construct, and renovate facilities at a reasonable cost. Grant projects awarded under this program will be of sufficient size, scope, and quality to enable the grantees to implement effective strategies.

Use of Funds: Grant recipients, in accordance with state and local law, directly or indirectly, alone or in collaboration with others, must deposit the
grant funds received under this program (other than funds used for administrative costs) in a reserve account established and maintained by the
grantee for this purpose.

Submittal and Deadline Information: June 3, 2003. For more information about this grant, go to http://www.ed.gov/offices/OII/portfolio/facilities.html.

Contact:
Jim Houser
U.S. Department of Education
400 Maryland Avenue, SW.
Room 3C140
Washington, DC 20202- 6140
Telephone: (202) 401-0307
Contact: Jim Houser
white house

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