flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 funding sources for charter school construction

6 funding sources for charter school construction

Competition for grants, loans, and bond financing among charter schools is heating up, so make your clients aware of these potential sources.


By Robert Cassidy, Editorial Director | April 10, 2013
Friendship Technology Preparatory Academy, an 80,000-sf science and technology p
Friendship Technology Preparatory Academy, an 80,000-sf science and technology public charter high school in Southeast Washington, D.C. Turner Construction is leading the design-build team of Architecture Inc. (architect), DesignTech (MEP), AMT (CE), and Myer Consulting Engineering (SE). Rendering: Architecture, Inc.
This article first appeared in the BD+C April 2013 issue of BD+C.

Editor's note: This article was published as part of our April 2013 report on "23 things you need to know about charter schools."

 

 

Competition for grants, loans, and bond financing among charter schools is heating up, so make your clients aware of these potential sources recommended by experts we consulted for our charter schools report:

 

1. Opportunity Finance Network (www.opportunityfinance.net), a national network of community development financial institutions, known as CDFIs.

2. Charter School Development Corporation (www.csdc.org), a CDFI with a focus on charter schools that serve predominately low-income students and communities with poorly performing public schools.

3. Partners for the Common Good (www.pcgloanfund.org), a nonprofit community investment corporation.

4. The Reinvestment Fund (www.trfund.com), which finances charter schools in the Mid-Atlantic states.

5. Local Initiatives Support Corp. (www.lisc.org), a nonprofit group that supports charters serving low-income neighborhoods.

6. State and local finance funds, such as the Illinois Finance Fund (www.iff.org). In Los Angeles, where 12% of public school children attend charters, the Los Angeles Unified School District has allocated $30 million from Proposition 39 bonds to “augment” up to 35% of the cost of a qualifying charter construction plan. So far, three projects have been approved.

Related Stories

Student Housing | Jun 20, 2024

How student housing developments are evolving to meet new expectations

The days of uninspired dorm rooms with little more than a bed and a communal bathroom down the hall are long gone. Students increasingly seek inclusive design, communities to enhance learning and living, and a focus on wellness that encompasses everything from meditation spaces to mental health resources.

Museums | Jun 20, 2024

Connecticut’s Bruce Museum more than doubles its size with a 42,000-sf, three-floor addition

In Greenwich, Conn., the Bruce Museum, a multidisciplinary institution highlighting art, science, and history, has undergone a campus revitalization and expansion that more than doubles the museum’s size. Designed by EskewDumezRipple and built by Turner Construction, the project includes a 42,000-sf, three-floor addition as well as a comprehensive renovation of the 32,500-sf museum, which was originally built as a private home in the mid-19th century and expanded in the early 1990s. 

Building Technology | Jun 18, 2024

Could ‘smart’ building facades heat and cool buildings?

A promising research project looks at the possibilities for thermoelectric systems to thermally condition buildings, writes Mahsa Farid Mohajer, Sustainable Building Analyst with Stantec.

University Buildings | Jun 18, 2024

UC Riverside’s new School of Medicine building supports team-based learning, showcases passive design strategies

The University of California, Riverside, School of Medicine has opened the 94,576-sf, five-floor Education Building II (EDII). Created by the design-build team of CO Architects and Hensel Phelps, the medical school’s new home supports team-based student learning, offers social spaces, and provides departmental offices for faculty and staff. 

Healthcare Facilities | Jun 18, 2024

A healthcare simulation technology consultant can save time, money, and headaches

As the demand for skilled healthcare professionals continues to rise, healthcare simulation is playing an increasingly vital role in the skill development, compliance, and continuing education of the clinical workforce.

Mass Timber | Jun 17, 2024

British Columbia hospital features mass timber community hall

The Cowichan District Hospital Replacement Project in Duncan, British Columbia, features an expansive community hall featuring mass timber construction. The hall, designed to promote social interaction and connection to give patients, families, and staff a warm and welcoming environment, connects a Diagnostic and Treatment (“D&T”) Block and Inpatient Tower.

Concrete Technology | Jun 17, 2024

MIT researchers are working on a way to use concrete as an electric battery

Researchers at MIT have developed a concrete mixture that can store electrical energy. The researchers say the mixture of water, cement, and carbon black could be used for building foundations and street paving.

Codes and Standards | Jun 17, 2024

Federal government releases national definition of a zero emissions building

The U.S. Department of Energy has released a new national definition of a zero emissions building. The definition is intended to provide industry guidance to support new and existing commercial and residential buildings to move towards zero emissions across the entire building sector, DOE says.

Multifamily Housing | Jun 14, 2024

AEC inspections are the key to financially viable office to residential adaptive reuse projects

About a year ago our industry was abuzz with an idea that seemed like a one-shot miracle cure for both the shockingly high rate of office vacancies and the worsening housing shortage. The seemingly simple idea of converting empty office buildings to multifamily residential seemed like an easy and elegant solution. However, in the intervening months we’ve seen only a handful of these conversions, despite near universal enthusiasm for the concept. 

Healthcare Facilities | Jun 13, 2024

Top 10 trends in the hospital facilities market

BD+C evaluated more than a dozen of the nation's most prominent hospital construction projects to identify trends that are driving hospital design and construction in the $67 billion healthcare sector. Here’s what we found.

boombox1
boombox2
native1

More In Category


Museums

Connecticut’s Bruce Museum more than doubles its size with a 42,000-sf, three-floor addition

In Greenwich, Conn., the Bruce Museum, a multidisciplinary institution highlighting art, science, and history, has undergone a campus revitalization and expansion that more than doubles the museum’s size. Designed by EskewDumezRipple and built by Turner Construction, the project includes a 42,000-sf, three-floor addition as well as a comprehensive renovation of the 32,500-sf museum, which was originally built as a private home in the mid-19th century and expanded in the early 1990s. 



halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021