MassDevelopment
Quick Facts
Entity Synopsis
ADDRESS:
99 HIGH STREET BOSTON, MA 02110
PHONE:
(617) 330-2068
EMAIL:
WEBSITE:
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 Directly Enhanced: $257,631,948
Total Financing Leveraged: $285,152,720
Number of Schools Served: 36
Number of New Schools Served: 23
2012
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 Directly Enhanced: $31,598,958
Total Financing Leveraged: $42,582,946
Number of Schools Served: 6
Number of New Schools Served: 6
2017
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 Directly Enhanced: $6,250,000
Total Financing Leveraged: $0
Number of Schools Served: 1
Number of New Schools Served: 1
2021
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 | 2008 |
$11,742,000.00 | $1,473,000.00 |
| INNOVATION ACADEMY CHARTER SCHOOL | 2003 | 2012 |
$8,400,000.00 | $2,000,000.00 |
| 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 | 2012 |
$7,275,000.00 | $1,937,500.00 |
| STURGIS CHARTER PUBLIC SCHOOL | 2003 | 2006 |
$3,452,122.00 | $295,000.00 |