Bluehub Capital (formerly Boston Community Loan Fund) Build with Purpose Building Hope (dba America's Charter School Finance Corporation) California Charter Schools Association California School Finance Authority Capital Impact Partners Center for Community Self-Help Charter Schools Development Corporation Civic Builders, Inc. District of Columbia--Office of the State Superintendent of Education Hope Enterprise Corporation IFF KIPP Foundation LISC Low Income Investment Fund MassDevelopment Michigan Public Education Finance Authority New Jersey Community Capital (Community Loan Fund of New Jersey) Nonprofit Finance Fund (NFF) Raza Development Fund Reinvestment Fund Texas Public Finance Authority The Housing Partnership Network
MassDevelopment
Quick Facts
Entity Synopsis
99 HIGH STREET BOSTON, MA 02110
(617) 330-2068
jnuzzolo@massdevelopment.com
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.
Please click the link(s) below to access this entity's abstract.
Abstract for 2014 grant not available.
Abstract for 2003 grant not available.
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:
$27,400,000
Total Financing Leveraged:
$30,541,887
Number of Schools Served:
3
Number of New Schools Served:
3
2019
Total CSP Funds:
$5,000,000.00
Total Directly Enhanced:
$0
Total Financing Leveraged:
$0
Number of Schools Served:
0
Number of New Schools Served:
0
Locations Served by CE Lender
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL
ABBY KELLEY FOSTER CHARTER PUBLIC SCHOOL
ALMA DEL MAR CHARTER SCHOOL
ARGOSY COLLEGIATE CHARTER SCHOOL
ATLANTIS CHARTER SCHOOL
BAYSTATE ACADEMY CHARTER PUBLIC SCHOOL
BENJAMIN FRANKLIN CLASSIC CHARTER PUBLIC SCHOOL
BERKSHIRE ARTS AND TECHNOLOGY CHARTER PUBLIC SCHOOL
CAPE COD LIGHTHOUSE CHARTER SCHOOL
CHRISTA MCAULIFFE CHARTER PUBLIC SCHOOL
CHRISTA MCAULIFFE CHARTER SCHOOL
CONSERVATORY LAB CHARTER SCHOOL
CONSERVATORY LAB CHARTER SCHOOL
DORCHESTER COLLEGIATE ACADEMY CHARTER
DORCHESTER COLLEGIATE ACADEMY CHARTER
FOXBOROUGH REGIONAL CHARTER SCHOOL
FOXBOROUGH REGIONAL CHARTER SCHOOL
FOXBOROUGH REGIONAL CHARTER SCHOOL
FRIENDS OF VERITAS PREPARATORY CHARTER SCHOOL
GLOBAL LEARNING CHARTER SCHOOL
HAMPDEN CHARTER SCHOOL OF SCIENCE WEST
HAMPDEN CHARTER SCHOOL OF SCIENCE WEST
HILL VIEW MONTESSORI CHARTER PUBLIC SCHOOL
HOLYOKE COMMUNITY CHARTER SCHOOL
HOLYOKE COMMUNITY CHARTER SCHOOL
INNOVATION ACADEMY CHARTER SCHOOL
INNOVATION ACADEMY CHARTER SCHOOL
KIPP ACADEMY BOSTON CHARTER SCHOOL
KIPP ACADEMY BOSTON CHARTER SCHOOL
LAWRENCE FAMILY DEVELOPMENT CHARTER SCHOOL
LAWRENCE FAMILY DEVELOPMENT CHARTER SCHOOL
LOWELL COMMUNITY CHARTER PUBLIC SCHOOL
LOWELL MIDDLESEX ACADEMY CHARTER SCHOOL
MARBLEHEAD COMMUNITY CHARTER PUBLIC SCHOOL
MARBLEHEAD COMMUNITY CHARTER PUBLIC SCHOOL
MARTIN LUTHER KING JR. CHARTER SCHOOL OF EXCELLENCE
MATCH CHARTER PUBLIC SCHOOL
PHOENIX CHARTER ACADEMY
PIONEER VALLEY PERFORMING ARTS CHARTER PUBLIC SCHOOL
RISING TIDE CHARTER PUBLIC SCHOOL
RISING TIDE CHARTER PUBLIC SCHOOL
RISING TIDE CHARTER PUBLIC SCHOOL
SALEM ACADEMY CHARTER PUBLIC SCHOOL
SALEM ACADEMY CHARTER PUBLIC SCHOOL
SOUTH SHORE CHARTER PUBLIC SCHOOL
STURGIS CHARTER PUBLIC SCHOOL
STURGIS CHARTER PUBLIC SCHOOL
Schools Served
| School Name | Award Year | Federal Fiscal Year School Served | Amount of Financing Leveraged | Grant Funds Committed |
|---|---|---|---|---|
| DORCHESTER COLLEGIATE ACADEMY CHARTER | 2003 | 2013 |
$1,640,000.00 | $560,000.00 |
| FOXBOROUGH REGIONAL CHARTER SCHOOL | 2003 | 2006 |
$8,000,000.00 | $1,000,000.00 |
| FOXBOROUGH REGIONAL CHARTER SCHOOL | 2003 | 2009 |
$6,870,000.00 | $1,000,000.00 |
| FOXBOROUGH REGIONAL CHARTER SCHOOL | 2003 | 2017 |
$10,000,000.00 | $3,000,000.00 |
| FRIENDS OF VERITAS PREPARATORY CHARTER SCHOOL | 2014 | 2017 |
$3,630,000.00 | $1,485,000.00 |
| GLOBAL LEARNING CHARTER SCHOOL | 2003 | 2008 |
$2,074,092.00 | $1,000,000.00 |
| HAMPDEN CHARTER SCHOOL OF SCIENCE WEST | 2017 | 2018 |
$3,891,887.00 | $750,000.00 |
| HAMPDEN CHARTER SCHOOL OF SCIENCE WEST | 2017 | 2019 |
$4,350,000.00 | $1,087,500.00 |
| HILL VIEW MONTESSORI CHARTER PUBLIC SCHOOL | 2003 | 2010 |
$3,300,000.00 | $412,500.00 |
| HOLYOKE COMMUNITY CHARTER SCHOOL | 2003 | 2005 |
$11,742,000.00 | $500,000.00 |
| HOLYOKE COMMUNITY CHARTER SCHOOL | 2003 | 2008 |
$8,400,000.00 | $2,500,000.00 |
| INNOVATION ACADEMY CHARTER SCHOOL | 2003 | 2008 |
$7,458,000.00 | $1,473,000.00 |
| INNOVATION ACADEMY CHARTER SCHOOL | 2003 | 2012 |
$14,700,000.00 | $2,000,000.00 |
| KIPP ACADEMY BOSTON CHARTER SCHOOL | 2003 | 2015 |
$5,671,532.85 | $740,000.00 |
| KIPP ACADEMY BOSTON CHARTER SCHOOL | 2012 | 2015 |
$15,328,467.15 | $2,000,000.00 |