CSP Credit Enhancement Transactions Dashboard
Welcome to the CSP Credit Enhancement Transactions Dashboard! Here you can explore lending information for the Credit Enhancement for Charter School Facilities Program (Credit Enhancement Program) grantees. These lending institutions do not provide grants but use Credit Enhancement Program funding to help charter schools secure lower cost financing for facility projects. As of 2020, the Credit Enhancement Program has helped leverage approximately $7.4 billion in financing for 813 charter school facilities.
The data for this dashboard represents grantee data from fiscal year 2020 that grantees submitted to the Department of Education on or before 9/30/2020 in alignment with the Department of Education’s reporting cycle, which is October 1 to September 30 each year.
Key Terms
Amount of Financing Leveraged: The total dollar amount of financing a charter school received as a result of the transaction being supported by Credit Enhancement Program funds.
Award Year: The grant award year for which the Credit Enhancement Program funds are associated for any particular financial transaction.
Credit Enhancement: Funds set aside by a grantee during a financial transaction to improve a charter school’s credit standing and assist the school in accessing private-sector capital. The funds are only used in the case of a default.
Directly Enhanced: The size of the loan benefitting from support by Credit Enhancement Program funds. The Credit Enhancement backing of one loan may allow a charter school to receive a larger total financial package, which would be captured in the amount of financing leveraged.
Grant Funds Committed: The amount of Credit Enhancement Program funds dedicated to a financial transaction.
Largest Package: The largest charter school facility transaction supported by the Credit Enhancement Program.
Smallest Package: The smallest charter school facility transaction supported by the Credit Enhancement Program.
Lending Partner Exploration
This page provides an overview of lenders who have received Credit Enhancement grants, their total CE grant award funds, and the smallest and largest charter school facility transactions (i.e., loans, bonds, lease guarantees) supported by each lender. Select a lender to learn more about the organization and detailed information about the charter school facility transactions they have supported.
Selected Lenders | Total CE Grant Award Funds | Smallest Package | Largest Package |
---|---|---|---|
BlueHub Capital (formerly Boston Community Loan Fund) | $8,000,000.00 | $- | $20,500,000.00 |
Build with Purpose | $8,000,000.00 | $616,805.00 | $24,000,000.00 |
Building Hope (America's Charter School Finance Corporation) | $12,962,499.00 | $- | $110,037,909.00 |
California Charter Schools Association | $10,000,000.00 | $152,000.00 | $25,341,081.00 |
California School Finance Authority | $16,300,000.00 | $6,020,000.00 | $28,725,000.00 |
Capital Impact Partners | $18,000,000.00 | $7,000.00 | $42,960,000.00 |
Center for Community Self- Help | $27,200,000.00 | $10,500.00 | $20,072,000.00 |
Charter Schools Development Corporation | $60,600,000 | $- | $23,000,000.00 |
Civic Builders, Inc. | $8,300,000.00 | $1,800,000.00 | $108,690,982.02 |
District of Columbia--Office of the State Superintendent of Education | $5,080,242.00 | $578,100.00 | $33,500,000.00 |
Equitable Facilities Fund | 0 | 0 | 0 |
Hope Enterprise Corporation | $16,000,000.00 | $500,000.00 | $29,000,000.00 |
IFF | $18,000,000.00 | $4,284,000.00 | $65,000,000.00 |
KIPP Foundation | $6,805,891.00 | $450,000.00 | $26,480,000.00 |
LISC | $53,462,977.00 | $250,000.00 | $66,865,000.00 |
Low Income Investment Fund | $24,000,000.00 | $85,000.00 | $35,660,700.00 |
MassDevelopment | $33,025,000.00 | $591,940.00 | $35,000,000.00 |
Michigan Public Education Finance Authority | $6,531,246.00 | $2,410,000.00 | $16,130,000.00 |
New Jersey Community Capital (Community Loan Fund of New Jersey) | $16,150,000.00 | $50,000.00 | $35,000,000.00 |
Nonprofit Finance Fund (NFF) | $12,000,000.00 | $2,600,000.00 | $49,418,500.05 |
Raza Development Fund, Inc. | $17,800,000.00 | $63,700.00 | $60,933,560.00 |
Reinvestment Fund | $16,019,231.00 | $127,600.00 | $52,045,788.00 |
Texas Public Finance Authority | $15,000,000.00 | $271,356.00 | $66,865,000.00 |
The Housing Partnership Network, Inc. | $15,000,000.00 | $5,198,000.00 | $44,580,000.00 |