However, the lack
of facilities financing leaves them competing with traditional public schools on an uneven playing field.
But that experience, followed by this working group, bring home the fact that schools approach lending markets for millions
in facilities financing every day.
There isn't sufficient philanthropic capital to provide guarantees or to buy down interest rates for all the schools that
need facilities financing.
That happened a couple of years ago when I read a report about charter
facilities finance by the Local Initiatives Support Corporation (LISC), a community improvement not - for - profit that is also a significant player in the charter lending markets.
(Minnesota, March 7, 2011) Commercial real estate firm Christianson & Company turns to CSDC to
secure facilities financing for International Spanish Language Academy, located in Minnetonka, Minnesota.
Shields also served as founding Executive Director of the Michigan Public Educational Facilities Authority, where she successfully helped charter schools gain access to
facility financing funds.
When the Aurora Expeditionary Learning Academy (AXL) in Aurora, CO refinanced higher cost debt through the Mountain West Charter Schools Fund, it was able to lower its
overall facilities financing burden while funding additional improvements, resulting in more dollars for the classroom.
Building Hope, a Washington, DC - based non-profit charter
school facilities finance and support organization has been operating in Idaho since 2013.
LISC was already providing low -
cost facilities financing for charter schools in California; it has helped with the funding for $ 22 million in middle and high school construction in East and South L.A..
He has extensive experience advising clients in connection with domestic and cross-border financing transactions, including leveraged buyouts, recapitalizations, bridge and mezzanine financings, and DIP and
exit facility financings.
Charter schools often receive less money than other public schools, usually don't
get facility financing, and the cost of benefits keeps rising.
The campus will house other research facilities in the future, and is already home to the Cardiff University Brain Research Imaging Centre (CUBRIC)-- a # 44 million (US$ 58.3 million)
facility financed by a combination of public funds and charitable trusts.
Shields also served as founding Executive Director of the Michigan Public Educational Facilities Authority, where she successfully helped charter public schools gain access to
facility financing funds.
Were policy advocates to solve
the facilities financing problem, then charter school systems would have greater negotiating power with districts.
To help you leverage the digital landscape and position your school for future success, replication, and program growth, Charter School Capital, an organization that delivers access to growth capital and
facilities financing to charter schools nationwide, is hosting a Digital Marketing 101 webinar for charter schools this Wednesday, Aug. 16 at 9 a.m. PST.
This facilities financing problem can be fixed because it is driven mostly by myth and misinformation.
New York City's charters are in this precarious position because of what Bill (charter schools Bill, not Mayor Bill) described as a «defect» in the state's charter law that must be remedied: charter schools are not given access to
facilities financing.
In 2000, the foundation helped launch the Charter School Growth Fund, which offers start - up and
facilities financing, multiyear program grants, technical and other supports to a select number of charter networks each year.
We can also help with Start - up and
Facility Financing.