U.S. Department of Education: Promoting Educational Excellence for all Americans

A r c h i v e d  I n f o r m a t i o n

ESEA: Credit Enhancement for Charter School Facilities - FY 2006


CFDA Number: 84.354A - Charter Schools Facilities Program

Program Goal: Increase the number of charter school facilities acquired, constructed or renovated.

Objective 1 of 2: Increase funds available for the acquisition, renovation, or construction of charter school facilities.
Indicator 1.1 of 1: Leveraged funds: The amount of funding grantees leverage for the acquisition, renovation, or construction of charter school facilities.
 
Measure 1.1.1 of 1: The amount of funding grantees leverage for the acquisition, construction, or renovation of charter school facilities (in millions).
Year Actual Performance Performance Targets
2003
66
 
2004
74
100
2005
 
100
2006
 
100

Source: Charter School Facilities Grantee Performance Report

Next Data Available: January 2006

Limitations: These multiyear grants received all the funding at the beginning of the first project period. As no reports are required for continuation funding, grantees were given a full year of performance before reporting data.
 
Explanation: Definition of leverage: the number of dollars (in millions) leveraged consists of the dollar amount raised (versus the amount contributed to the financing from the grant) as a direct result of the guarantee. If the grantee received a non-Department of Education grant (including a New Markets Tax Credit allocation) and is using it to provide additional leveraging for a school served by the federal grant, funds leveraged from these other funds may also be counted as funds leveraged by the federal grant. A grantee may count senior debt toward the total amount of funds leveraged if it uses grant funds to guarantee or insure subordinate debt but not the senior debt to which it is tied. Likewise, grantees may count subordinate debt toward the total amount of funds leveraged if it only uses grant funds to credit-enhance senior debt.
 
Objective 2 of 2: Increase the number of charter schools facilities acquired, constructed or renovated.
Indicator 2.1 of 1: The number of charter schools served.
 
Measure 2.1.1 of 1: The number of charter schools served through this program.
Year Actual Performance Performance Targets
2003
20
 
2004
32
20
2005
 
20
2006
 
25

Source: Charter School Facilties Grantee Performance Report

Frequency: Annually.

Next Data Available: January 2006
 
 


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Last Modified: 12/28/2005