Michigan Public Education Finance Authority

Quick Facts

Entity Synopsis

ADDRESS:
AUSTIN BUILDING, 1ST FLOOR, 430 W. ALLEGAN LANSING, MI 48922
PHONE:

(517) 335-0994

EMAIL:
treasmfa@michigan.gov

MFA provides effective, low-cost options to finance the acquisition, construction, improvement, or alteration of land, facilities, equipment, the payment of project costs, or to refinance existing debt. Through the Michigan Charter School Credit Enhancement Fund, MFA funds a debt service reserve for bonds and loans that provide financing for the construction, renovation, acquisition ion, and leasehold improvements of charter school facilities.

Entity Snapshot

2007
Total CSP Funds: $6,531,246.00
Total Directly Enhanced: $160,119,790
Total Financing Leveraged: $125,555,000
Number of Schools Served: 18
Number of New Schools Served: 15

Schools Served

School Name Award Year Federal Fiscal Year School Served Amount of Financing Leveraged Grant Funds Committed
AMERICAN MONTESSORI ACADEMY 2007

2008

$2,375,000.00 $316,900.00
BRADFORD ACADEMY 2007

2009

$9,900,000.00 $1,000,000.00
CHANDLER PARK ACADEMY 2007

2008

$3,900,000.00 $500,000.00
CRESCENT ACADEMY 2007

2008

$10,720,000.00 $269,350.00
HANLEY INTERNATIONAL ACADEMY 2007

2010

$8,465,000.00 $500,000.00
JOSEPH POLLACK ACADEMIC CENTER OF EXCELLENCE 2007

2020

$8,601,688.34 $678,400.00
JOSEPH POLLACK ACADEMIC CENTER OF EXCELLENCE 2007

2010

$3,200,000.00 $751,600.00
LANDMARK ACADEMY 2007

2020

$15,009,495.00 $1,000,000.00
LANDMARK ACADEMY 2007

2010

$8,875,000.00 $1,000,000.00
MADISON ACADEMY 2007

2010

$8,390,000.00 $668,853.00
MICHIGAN TECHNICAL ACADEMY 2007

2008

$15,290,000.00 $388,500.00
MICHIGAN TECHNICAL ACADEMY 2007

2012

$7,110,000.00 $388,500.00
NATAKI TALIBAH SCHOOLHOUSE OF DETROIT 2007

2008

$3,885,000.00 $500,000.00
NEW BRANCHES PUBLIC SCHOOL ACADEMY 2007

2010

$16,130,000.00 $232,569.00
OAKLAND INTERNATIONAL ACADEMY 2007

2010

$6,415,000.00 $299,299.00
OLD REDFORD ACADEMY HIGH 2007

2011

$2,410,000.00 $295,056.93
OLD REDFORD ACADEMY MIDDLE 2007

2011

$3,005,000.00 $295,056.93

Lending Snapshot

Total Transaction Financing

Amounts Directly Enhanced and Financing Leveraged by Year

Number of Schools Served Each Year by Lender