Hope Enterprise Corporation
Quick Facts
Entity Synopsis
501-551-2206
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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Entity Snapshot
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 |