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

California Charter Schools Association

Credit Enhancement Available 
Yes

Contact:

California Charter Schools Association

Credit Enhancement Available 
Yes

Contact:

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

California School Finance Authority

Credit Enhancement Available 
Yes

Contact:

California School Finance Authority

Credit Enhancement Available 
Yes

Contact:

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 several school facilities financing programs and is primarily focused on assisting charter schools to meet their facility and working capital needs.

States:

California

Capital Impact Partners

Credit Enhancement Available 
Yes

Contact:

Capital Impact Partners

Credit Enhancement Available 
Yes

Contact:

Description:

Through capital and commitment Capital Impact helps people build communities of opportunity that break barriers to success. A nonprofit Community Development Financial Institution (CDFI), we have a 35-year history delivering strategic financing, social innovation programs, and capacity building that creates social change and delivers financial impact nationwide

States:

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

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