Hope Enterprise Corporation

Quick Facts

Entity Synopsis

4 OLD RIVER PL, SUITE A JACKSON, MS 39202

501-551-2206

charity.hallman@hope-ec.org

HOPE is a family of development organizations dedicated to strengthening communities, building assets and improving lives in the Deep South and other economically distressed parts of Alabama, Arkansas, Louisiana, Mississippi and Tennessee. Comprised of a regional credit union (Hope Credit Union), loan fund (Hope Enterprise Corporation) and policy center (Hope Policy Institute), HOPE has provided financial services, leveraged private and public resources, and shaped policies that have generated more than $2.5 billion in financing and benefited more than 1.5 million people in one of the nation's most persistently poor regions. HOPE offers a range of loan products that help charter schools meet their facility financing needs. These include supporting leasehold improvements, providing senior debt with more flexible terms and subordinate debt to help address appraisal gaps and equity requirements from other lenders, and structuring innovative financing transactions that leverage New Markets Tax Credits.

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Abstract for 2014 grant not available.

Entity Snapshot

2014
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$14,487,601
Total Financing Leveraged:
$129,908,843
Number of Schools Served:
15
Number of New Schools Served:
14
2017
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$1,967,173
Total Financing Leveraged:
$9,674,529
Number of Schools Served:
3
Number of New Schools Served:
3
2019
Total CSP Funds:
$4,000,000.00
Total Directly Enhanced:
$0
Total Financing Leveraged:
$0
Number of Schools Served:
0
Number of New Schools Served:
0

Locations Served by CE Lender

AMBITION PREPARATORY

ASPIRE EAST ACADEMY

BATON ROUGE UNIVERSITY PREPARATORY

ENCORE ACADEMY

EXPLORE COMMUNITY SCHOOL

HARRIET TUBMAN CHARTER SCHOOL

IDEA INNOVATION

KIPP DELTA LITERACY ACADEMY

MEMPHIS MERIT ACADEMY CHARTER SCHOL

MEMPHIS RISE ACADEMY

MEMPHIS STEM ACADEMY

MENTORSHIP STEAM ACADEMY

MENTORSHIP STEAM ACADEMY

POWER CENTER ACADEMY ELEMENTARY SCHOOL

POWER CENTER ACADEMY MIDDLE SCHOOL

REPUBLIC HIGH SCHOOL

SMILOW COLLEGIATE

SMILOW PREP

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
AMBITION PREPARATORY 2017

2019

$546,800.00 $546,800.00
ASPIRE EAST ACADEMY 2014

2017

$4,595,331.00 $500,000.00
BATON ROUGE UNIVERSITY PREPARATORY 2014

2019

$1,247,000.00 $847,000.00
ENCORE ACADEMY 2014

2017

$7,343,541.00 $305,000.00
EXPLORE COMMUNITY SCHOOL 2014

2018

$29,000,000.00 $500,000.00
HARRIET TUBMAN CHARTER SCHOOL 2017

2019

$8,563,729.00 $856,373.00
IDEA INNOVATION 2014

2018

$15,975,000.00 $800,000.00
KIPP DELTA LITERACY ACADEMY 2014

2017

$9,900,000.00 $885,000.00
MEMPHIS MERIT ACADEMY CHARTER SCHOL 2017

2019

$564,000.00 $564,000.00
MEMPHIS RISE ACADEMY 2014

2016

$5,850,000.00 $250,000.00
MEMPHIS STEM ACADEMY 2014

2019

$14,690,624.00 $470,000.00
MENTORSHIP STEAM ACADEMY 2014

2019

$862,605.00 $450,000.00
MENTORSHIP STEAM ACADEMY 2014

2016

$900,000.00 $450,000.00
POWER CENTER ACADEMY ELEMENTARY SCHOOL 2014

2019

$17,284,742.00 $1,000,000.00
POWER CENTER ACADEMY MIDDLE SCHOOL 2014

2017

$7,760,000.00 $250,000.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender