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Facility Equity Initiative 

Consistent with State Priorities, RIDE's Decision Equity Tool, and Rhode Island General Law, the Rhode Island Department of Education has created a new initiative to help create facility equity between Rhode Island students.

The pilot year of this program provides $10M in funding to prioritize the five LEAs with base reimbursement rates over 65%: Central Falls, Woonsocket, Pawtucket, Providence, and West Warwick. These resources will allow LEAs to fund projects that otherwise would not advance or rely on issuing high interest bonds.  The first year of the Facility Equity Initiative will be funded through the SBA Capital Fund, while future iterations of this initiative are included in RIDE’s Capital Budget.

Additionally, RIDE has partnered with the Office of Energy Resources and the Office of Diversity, Equity and Opportunity to leverage available resources, which will allow energy projects and projects that achieve a minimum 15% Minority Business Enterprise utilization to receive 100% State reimbursement.

Eligible districts that completed Asset Protection Plans by June 30, 2021 have access to upfront progress payments funding to prioritize and expedite high impact educational enhancements with the ultimate goal of creating facility equity between all Rhode Island students. 

Facility Equity Initiative Overview 

Facility Equity Initiative Application

If your LEA has an interest in the Facility Equity Initiative, please submit an application(s) by November 19, 2021.

Applications Available:                                                          October 14, 2021
Applications Due:                                                                  November 19, 2021
Council Meeting:                                                                   December 21, 2021
Substantial Completion:                                                        December 31, 2022

Applications must be sent electronically to SBACapitalFund@ride.ri.gov by C.O.B. November 19, 2021. 

  

Previous SBA Capital Fund Awards

The Council on Elementary and Secondary Education has approved over $55M of School Building Authority Capital Fund projects since FY 2016.