---
kind: "section"
citation: "34 C.F.R. § 225.1"
title: "34"
number: "225.1"
heading: "What is the Credit Enhancement for Charter School Facilities Program?"
url: "https://uscodex.org/cfr/34/225.1"
---

# §225.1. What is the Credit Enhancement for Charter School Facilities Program?

- (a) The Credit Enhancement for Charter School Facilities Program provides grants to eligible entities to assist charter schools in obtaining facilities.
- (b) **Grantees use these grants to do the following—**
  - (1) Assist charter schools in obtaining loans, bonds, and other debt instruments for the purpose of obtaining, constructing, and renovating facilities.
  - (2) **Assist charter schools in obtaining leases of facilities.**
  - (3) Assist charter schools with the predevelopment costs required to assess sites for the purpose of acquiring (by purchase, lease, donation, or otherwise) an interest (including an interest held by a third party for the benefit of a charter school) in improved or unimproved real property or constructing new facilities, or renovating, repairing, or altering existing facilities, and that are necessary to commence or continue the operation of a charter school.
- (c) Grantees may demonstrate innovative credit enhancement initiatives while meeting the program purposes under [paragraph (b)](#b) of this section.
- (d) For the purposes of these regulations, the Credit Enhancement for Charter School Facilities Program includes grants made under the Charter School Facilities Financing Demonstration Grant Program.

## Notes

### Amendments

[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]

### Authority

Authority: 20 U.S.C. 1221e-3, 1232, and 7221c.

### Source

Source: 70 FR 15003, Mar. 24, 2005, unless otherwise noted.

### Amendments

[70 FR 15003, Mar. 24, 2005, as amended at 84 FR 25998, June 5, 2019]