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.
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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.
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Congress created the New Markets Tax Credit (NMTC) Program in 2000 to stimulate private investment and economic growth in communities living with income below the living wage..
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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.
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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.