MassDevelopment

Quick Facts

Entity Synopsis

ADDRESS:
99 HIGH STREET BOSTON, MA 02110
PHONE:

(617) 330-2068

EMAIL:

As the Commonwealth's economic development and finance agency, MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Massachusetts. Through the Charter School Loan Guarantee Fund, MassDevelopment helps charter schools obtain financing for the acquisition, construction, and/or renovation of school facilities. Under the Program, MassDevelopment issues guarantees on behalf of charter schools on a portion of a loan or bond to improve, purchase or construct its school facilities. A guarantee allows the lender to provide a higher amount of financing and better interest rates than would be allowed under their credit guidelines.

Entity Snapshot

2003
Total CSP Funds: $10,025,000.00
Total Directly Enhanced: $257,631,948
Total Financing Leveraged: $285,152,720
Number of Schools Served: 36
Number of New Schools Served: 23
2012
Total CSP Funds: $5,000,000.00
Total Directly Enhanced: $52,503,650
Total Financing Leveraged: $64,328,467
Number of Schools Served: 3
Number of New Schools Served: 3
2014
Total CSP Funds: $4,999,999.62
Total Directly Enhanced: $31,598,958
Total Financing Leveraged: $42,582,946
Number of Schools Served: 6
Number of New Schools Served: 6
2017
Total CSP Funds: $8,000,000.00
Total Directly Enhanced: $51,042,497
Total Financing Leveraged: $30,541,887
Number of Schools Served: 6
Number of New Schools Served: 5
2019
Total CSP Funds: $5,000,000.00
Total Directly Enhanced: $6,250,000
Total Financing Leveraged: $0
Number of Schools Served: 1
Number of New Schools Served: 1
2021
Total CSP Funds: $8,000,000
Total Directly Enhanced: $0
Total Financing Leveraged: $0
Number of Schools Served: 0
Number of New Schools Served: 0

Locations Served by CE Lenders

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL 2003

2008

$5,317,578.00 $3,000,000.00
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL 2003

2013

$400,000.00 $3,000,000.00
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL 2003

2019

$35,000,000.00 $1,504,437.00
ALMA DEL MAR CHARTER SCHOOL 2014

2016

$29,480,000.00 $1,952,000.00
ARGOSY COLLEGIATE CHARTER SCHOOL 2014

2017

$22,460,398.00 $935,000.00
ATLANTIS CHARTER SCHOOL 2012

2017

$9,760,000.00 $3,600,000.00
BAYSTATE ACADEMY CHARTER PUBLIC SCHOOL 2014

2015

$3,560,000.00 $437,958.00
BENJAMIN FRANKLIN CLASSIC CHARTER PUBLIC SCHOOL 2003

2018

$25,000,000.00 $5,000,000.00
BERKSHIRE ARTS AND TECHNOLOGY CHARTER PUBLIC SCHOOL 2003

2005

$5,921,946.00 $148,000.00
CAPE COD LIGHTHOUSE CHARTER SCHOOL 2003

2012

$26,550,000.00 $990,000.00
CHRISTA MCAULIFFE CHARTER PUBLIC SCHOOL 2003

2014

$863,000.00 $2,000,000.00
CHRISTA MCAULIFFE CHARTER SCHOOL 2003

2018

$4,460,000.00 $2,160,000.00
CONSERVATORY LAB CHARTER SCHOOL 2014

2016

$8,075,000.00 $660,000.00
CONSERVATORY LAB CHARTER SCHOOL 2017

2019

$8,600,000.00 $5,000,000.00
DORCHESTER COLLEGIATE ACADEMY CHARTER 2003

2010

$3,300,000.00 $255,000.00
DORCHESTER COLLEGIATE ACADEMY CHARTER 2003

2013

$22,300,000.00 $560,000.00
FOXBOROUGH REGIONAL CHARTER SCHOOL 2003

2006

$1,080,000.00 $1,000,000.00
FOXBOROUGH REGIONAL CHARTER SCHOOL 2003

2009

$1,640,000.00 $1,000,000.00
FOXBOROUGH REGIONAL CHARTER SCHOOL 2003

2017

$8,000,000.00 $3,000,000.00
FRENDS OF BAYSTATE ACADEMY CHARTER PUBLIC SCHOOLS, INC. 2019

2020

$6,250,000.00 $2,185,000.00
FRIENDS OF VERITAS PREPARATORY CHARTER SCHOOL 2014

2017

$6,870,000.00 $1,485,000.00
GLOBAL LEARNING CHARTER SCHOOL 2003

2008

$10,000,000.00 $1,000,000.00
HAMPDEN CHARTER SCHOOL OF SCIENCE EAST 2017

2020

$7,600,000.00 $2,000,000.00
HAMPDEN CHARTER SCHOOL OF SCIENCE WEST 2017

2018

$3,630,000.00 $750,000.00
HAMPDEN CHARTER SCHOOL OF SCIENCE WEST 2017

2019

$2,074,092.00 $1,087,500.00
HILL VIEW MONTESSORI CHARTER PUBLIC SCHOOL 2003

2010

$3,891,887.00 $412,500.00
HOLYOKE COMMUNITY CHARTER SCHOOL 2003

2005

$4,350,000.00 $500,000.00
HOLYOKE COMMUNITY CHARTER SCHOOL 2003

2008

$3,300,000.00 $2,500,000.00
INNOVATION ACADEMY CHARTER SCHOOL 2003

2012

$8,400,000.00 $2,000,000.00
INNOVATION ACADEMY CHARTER SCHOOL 2003

2008

$11,742,000.00 $1,473,000.00
KIPP ACADEMY BOSTON CHARTER SCHOOL 2003

2015

$7,458,000.00 $740,000.00
KIPP ACADEMY BOSTON CHARTER SCHOOL 2012

2015

$14,700,000.00 $2,000,000.00
LAWRENCE FAMILY DEVELOPMENT CHARTER SCHOOL 2003

2008

$5,671,532.85 $725,000.00
LAWRENCE FAMILY DEVELOPMENT CHARTER SCHOOL 2003

2014

$15,328,467.15 $647,477.00
LOWELL COMMUNITY CHARTER PUBLIC SCHOOL 2003

2015

$6,225,000.00 $1,755,000.00
LOWELL MIDDLESEX ACADEMY CHARTER SCHOOL 2003

2010

$647,477.00 $660,000.00
MARBLEHEAD COMMUNITY CHARTER PUBLIC SCHOOL 2003

2005

$10,315,000.00 $300,000.00
MARBLEHEAD COMMUNITY CHARTER PUBLIC SCHOOL 2003

2014

$2,610,000.00 $850,000.00
MARTIN LUTHER KING JR. CHARTER SCHOOL OF EXCELLENCE 2003

2009

$1,533,375.00 $1,350,000.00
MATCH CHARTER PUBLIC SCHOOL 2012

2014

$4,250,000.00 $3,000,000.00
PHOENIX CHARTER ACADEMY 2003

2006

$5,900,000.00 $92,500.00
PIONEER VALLEY PERFORMING ARTS CHARTER PUBLIC SCHOOL 2003

2006

$24,000,000.00 $538,000.00
RISING TIDE CHARTER PUBLIC SCHOOL 2003

2012

$591,940.00 $400,000.00
RISING TIDE CHARTER PUBLIC SCHOOL 2003

2014

$3,800,000.00 $2,600,000.00
RISING TIDE CHARTER PUBLIC SCHOOL 2014

2017

$1,864,000.00 $3,000,000.00
SALEM ACADEMY CHARTER PUBLIC SCHOOL 2003

2012

$5,650,000.00 $400,000.00
SALEM ACADEMY CHARTER PUBLIC SCHOOL 2003

2018

$16,411,000.00 $199,223.00
SOUTH SHORE CHARTER PUBLIC SCHOOL 2003

2008

$2,339,783.00 $1,200,000.00
STURGIS CHARTER PUBLIC SCHOOL 2003

2006

$3,452,122.00 $295,000.00
STURGIS CHARTER PUBLIC SCHOOL 2003

2012

$7,275,000.00 $1,937,500.00

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender