Facilities Financing Opportunities
(Credit Enhancement)

Looking for facilities assistance? If you work with a charter school and are looking for facilities assistance, you may be interested in contacting the current grantees under the Credit Enhancement for Charter School Facilities Program to determine if they are able to work with your charter school to secure financing. These grantees do not provide grants, but they work with the charter school to secure financing (loans/bonds) for facilities. Please note that each of these grantees have a focus area, so you should contact those grantees that are interested in working in the State of your charter school or have a national focus. Also, it may be helpful to visit the websites of these entities to get a better sense of the work they do.

We encourage charter schools seeking services to contact multiple organizations to determine which one can offer the best rates and terms for their situation.

Credit Enhancement Grantees

Description:

BlueHub Loan Fund, Inc. (f/k/a Boston Community Loan Fund, Inc.) is a nonprofit community development financial institution. Since 1985, we have invested over $1.4 billion in projects that provide affordable housing, good jobs, and new opportunities in low-income communities, connecting these neighborhoods to the mainstream economy. We are committed to working together with our peers and partners across the nation toward our goal of an inclusive prosperity that ensures that low-income people and communities have access to the tools they need to create wealth, opportunity and lasting change. Whether we are financing a health center or a charter school, solar panels or a saw mill, a low-income family or an established developer of affordable housing, our focus remains on developing financial tools, programs and ideas that provide access to opportunity, bridge gaps rather than widen them, and offer the potential and promise to change the world. In the charter school sector, BlueHub Loan Fund supports flexible loan terms to high capacity schools serving low-income families that can't meet their facility needs with tradition financing products. Products include one or more of the following features: Equity requirement below 10%; Loan-to-Value over 90%; Available to schools that have not been through a charter renewal; Available to independent schools (not part of a CMO network); Below market pricing; Loan terms that extend past charter renewal; Maximum guarantee fee of 1% at closing; Flexible collateral requirements for leasehold improvements; and Subordinate financing.

No facilities transaction data is available at this time.


States:

California Charter Schools, Connecticut Charter Schools, Georgia Charter Schools, Louisiana Charter Schools, Maine Charter Schools, Massachusetts Charter Schools, New Jersey Charter Schools, New York Charter Schools, Rhode Island Charter Schools, Tennessee Charter Schools, Texas Charter Schools

Description:

Founded in 2003, Build with Purpose is an innovative non-profit real estate company with a focus on community and economic development. Using real estate as a catalyst for social change, Build with Purpose revitalizes communities through the redevelopment of vacant or underutilized buildings and land. Our projects include transforming warehouses into schools, renovating convents into affordable housing and turning abandoned urban lots into vibrant community space. By stabilizing vital community assets, our projects transform neighborhoods and provide long-term financial stability to our clients. Build with Purpose (BWP) offers charter schools (start-up and mature) access to the following: acquisition loans for school facilities; construction and permanent financing for facility projects; access to predevelopment lending for projects; leasehold improvement loans; and lease guarantees. 

No facilities transaction data is available at this time.

States:

Connecticut Charter Schools, Delaware Charter Schools, District of Columbia Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, New Jersey Charter Schools, New York Charter Schools, Pennsylvania Charter Schools, Rhode Island Charter Schools

Description:

Building Hope, a Charter School Facilities Fund established in 2003, is a national nonprofit organization that believes investments in the growth of quality charter schools will increase under-served children’s chances of success in life. Building Hope supports high quality charter school growth by providing facilities financing, turn-key charter school facility development, incubator space, and back-office business support services to charter schools nationwide.

No facilities transaction data is available at this time.

States:

Alabama Charter Schools, Alaska Charter Schools, Arizona Charter Schools, Arkansas Charter Schools, California Charter Schools, Colorado Charter Schools, Connecticut Charter Schools, Delaware Charter Schools, District of Columbia Charter Schools, Florida Charter Schools, Georgia Charter Schools, Hawaii Charter Schools, Idaho Charter Schools, Illinois Charter Schools, Indiana Charter Schools, Iowa Charter Schools, Kansas Charter Schools, Louisiana Charter Schools, Maine Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, Michigan Charter Schools, Minnesota Charter Schools, Mississippi Charter Schools, Missouri Charter Schools, Nevada Charter Schools, New Hampshire Charter Schools, New Jersey Charter Schools, New Mexico Charter Schools, New York Charter Schools, North Carolina Charter Schools, Ohio Charter Schools, Oklahoma Charter Schools, Oregon Charter Schools, Pennsylvania Charter Schools, Rhode Island Charter Schools, South Carolina Charter Schools, Tennessee Charter Schools, Texas Charter Schools, Utah Charter Schools, Vermont Charter Schools, Washington Charter Schools, Wisconsin Charter Schools, Wyoming Charter Schools

Description:

The California Charter Schools Association advances the charter school movement through state and local advocacy, leadership on accountability, and resources for member schools. CCSA is a trusted source of data and information on California's charter schools for parents, authorizers, legislators, the press and other interested groups. Through the California Charter Building Fund (CCBF), CCSA funds a first-loss reserve to credit enhance charter school facility deals. In the event of a Loan default, CCSA draws funds from the Grant Reserve Account to pay principal and interest due on the outstanding debt. The CCBF will seek to lend at approximately one percent below the risk-adjusted pricing of a conventional lender and offer amortization periods of at least 20 years, which will improve cash flow and keep schools' scarce resources available for their core mission of driving student achievement.

No facilities transaction data is available at this time.

States:

California Charter Schools

Description:

The California School Finance Authority (CSFA) was created in 1985 to finance educational facilities and provide school districts and community college districts access to working capital. Since its inception, the Authority has developed a number of school facilities financing programs focused on assisting charter schools to meet their facility and working capital needs.

No facilities transaction data is available at this time.


States:

California Charter Schools

Description:

Capital Impact Partners transforms underserved communities into strong, vibrant places of opportunity. A nonprofit Community Development Financial Institution, we have a 30-year history delivering strategic financing, social innovation programs and capacity building that create social change and deliver financial impact nationwide. To support charter schools, Capital Impact Partners provides construction and permanent Loans for school facilities.

No facilities transaction data is available at this time.


States:

Alabama Charter Schools, Alaska Charter Schools, Arizona Charter Schools, Arkansas Charter Schools, California Charter Schools, Colorado Charter Schools, Connecticut Charter Schools, Delaware Charter Schools, District of Columbia Charter Schools, Florida Charter Schools, Georgia Charter Schools, Hawaii Charter Schools, Idaho Charter Schools, Illinois Charter Schools, Indiana Charter Schools, Iowa Charter Schools, Kansas Charter Schools, Louisiana Charter Schools, Maine Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, Michigan Charter Schools, Minnesota Charter Schools, Mississippi Charter Schools, Missouri Charter Schools, Nevada Charter Schools, New Hampshire Charter Schools, New Jersey Charter Schools, New Mexico Charter Schools, New York Charter Schools, North Carolina Charter Schools, Ohio Charter Schools, Oklahoma Charter Schools, Oregon Charter Schools, Pennsylvania Charter Schools, Rhode Island Charter Schools, South Carolina Charter Schools, Tennessee Charter Schools, Texas Charter Schools, Utah Charter Schools, Virginia Charter Schools, Washington Charter Schools, Wisconsin Charter Schools, Wyoming Charter Schools

Description:

IFF is a mission-driven lender, real estate consultant and developer that helps communities thrive by creating opportunities for low-income populations and individuals with disabilities. In education, IFF offers a comprehensive range of services for charter schools’ financial and real estate needs, and works with local education stakeholders to focus policy and research on expanding quality options in neighborhoods that need them most. IFF serves charter schools located in the Midwest.

No facilities transaction data is available at this time.


States:

Illinois Charter Schools, Indiana Charter Schools, Michigan Charter Schools, Missouri Charter Schools, Ohio Charter Schools, Wisconsin Charter Schools

Description:

The nonprofit Center for Community Self-Help is the umbrella organization that encompasses all parts of Self-Help, including Self-Help Credit Union, Self-Help Federal Credit Union, Self-Help Ventures Fund, and the Center for Responsible Lending. Together, we provide financing, technical support, consumer financial services and advocacy for those left out of the economic mainstream. Since Self-Help's founding in 1980, we have helped expand economic opportunity for underserved communities across North Carolina, Washington D.C., California, Illinois and many other states. Center for Community Self-Help ("Self-Help") is targeting its Charter School Loan Fund to start-up Charter Schools and Charter Schools located in under-served, disadvantaged communities. The benefits of our financing can be briefly summarized as: (i) lower fees at closing; (ii) lower interest rates; (iii) more flexible loan terms; (iv) longer amortization periods; and (v) enhanced technical assistance. This supports long-term financial and operating sustainability for schools in low-wealth communities that typically have few resources and tight operating margins.

No facilities transaction data is available at this time.

States:

Alabama Charter Schools, Alaska Charter Schools, Arizona Charter Schools, Arkansas Charter Schools, California Charter Schools, Colorado Charter Schools, Connecticut Charter Schools, Delaware Charter Schools, District of Columbia Charter Schools, Florida Charter Schools, Georgia Charter Schools, Hawaii Charter Schools, Idaho Charter Schools, Illinois Charter Schools, Indiana Charter Schools, Iowa Charter Schools, Kansas Charter Schools, Louisiana Charter Schools, Maine Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, Michigan Charter Schools, Minnesota Charter Schools, Mississippi Charter Schools, Missouri Charter Schools, Nevada Charter Schools, New Hampshire Charter Schools, New Jersey Charter Schools, New Mexico Charter Schools, New York Charter Schools, North Carolina Charter Schools, Ohio Charter Schools, Oklahoma Charter Schools, Oregon Charter Schools, Pennsylvania Charter Schools, Rhode Island Charter Schools, South Carolina Charter Schools, Tennessee Charter Schools, Texas Charter Schools, Utah Charter Schools, Virginia Charter Schools, Washington Charter Schools, Wisconsin Charter Schools, Wyoming Charter Schools

Description:

CSDC, a 501(c)(3) non-profit corporation and Community Development Financial Institution (CDFI), promotes innovation and excellence in education by financing and developing facilities for great public charter schools nationally. CSDC is focused exclusively on the facility and financing needs of charter school organizations, helping charter school entrepreneurs and leaders finance, build and expand their school facilities with the goal of ultimately improving student achievement by increasing school choice within the American K-12 public education system.

CSDC has a special focus on new schools, schools serving predominately low income students, and schools in communities with poor performing traditional schools.  Whether it be a direct loan, credit enhancement (lease or loan guaranty), or a complete turnkey facility, built-to-suit on a fee for development services or lease-to-purchase basis, put our resources and expertise to work for you.

No facilities transaction data is available at this time.
 

States:

Arizona Charter Schools, Arkansas Charter Schools, California Charter Schools, Colorado Charter Schools, District of Columbia Charter Schools, Florida Charter Schools, Georgia Charter Schools, Idaho Charter Schools, Indiana Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, Michigan Charter Schools, Minnesota Charter Schools, Missouri Charter Schools, New Jersey Charter Schools, New Mexico Charter Schools, New York Charter Schools, North Carolina Charter Schools, Oregon Charter Schools, Pennsylvania Charter Schools, Tennessee Charter Schools, Texas Charter Schools, Wisconsin Charter Schools

Description:

Founded in 2002, Civic Builders is the nation’s first nonprofit charter school developer and lender supporting the growth of high-performing charter schools nationwide. By assuming responsibility for acquisition, design, financing, and construction, Civic Builders relieves charter schools of the burden of navigating a complex and competitive real estate marketplace and provides them with thoughtfully-designed, economical, and inspiring educational facilities. In addition to Civic Builders' development work, our firm manages the Facilities Investment Fund, a $100M lending entity. This groundbreaking fund improves the charter facilities financing market and helps high-quality public charter schools find homes in the communities that need them most.  FIF provides five-year construction/mini-permanent loans to school borrowers - nationally. Overall, FIF delivers the most efficient senior capital solution to schools that struggle to attract commercial debt.

No facilities transaction data is available at this time.

 


States:

Alabama Charter Schools, Alaska Charter Schools, Arizona Charter Schools, Arkansas Charter Schools, California Charter Schools, Colorado Charter Schools, Connecticut Charter Schools, Delaware Charter Schools, District of Columbia Charter Schools, Florida Charter Schools, Georgia Charter Schools, Hawaii Charter Schools, Idaho Charter Schools, Illinois Charter Schools, Indiana Charter Schools, Iowa Charter Schools, Kansas Charter Schools, Kentucky Charter Schools, Louisiana Charter Schools, Maine Charter Schools, Maryland Charter Schools, Massachusetts Charter Schools, Michigan Charter Schools, Minnesota Charter Schools, Mississippi Charter Schools, Missouri Charter Schools, Montana Charter Schools, Nebraska Charter Schools, Nevada Charter Schools, New Hampshire Charter Schools, New Jersey Charter Schools, New Mexico Charter Schools, New York Charter Schools, North Carolina Charter Schools, North Dakota Charter Schools, Ohio Charter Schools, Oklahoma Charter Schools, Oregon Charter Schools, Pennsylvania Charter Schools, Rhode Island Charter Schools, South Carolina Charter Schools, South Dakota Charter Schools, Tennessee Charter Schools, Texas Charter Schools, Utah Charter Schools, Vermont Charter Schools, Virginia Charter Schools, Washington Charter Schools, West Virginia Charter Schools, Wisconsin Charter Schools, Wyoming Charter Schools