flexiblefullpage -
billboard - default
interstitial1 - interstitial
Currently Reading

6 funding sources for charter school construction

billboard - default
interstitial1 - interstitial

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

Architects | Jan 26, 2022

HMC Architects Welcomes New Director of Sustainability

The Sacramento studio of leading national architecture and design firm HMC Architects has announced the appointment of new Director of Sustainability Jennifer Wehling, who joined in December

Market Data | Jan 26, 2022

2022 construction forecast: Healthcare, retail, industrial sectors to lead ‘healthy rebound’ for nonresidential construction

A panel of construction industry economists forecasts 5.4 percent growth for the nonresidential building sector in 2022, and a 6.1 percent bump in 2023.

Sponsored | Steel Construction and Products | Jan 25, 2022

Structural Game Changer: Winning solution for curved-wall gymnasium design

Using a real world example, course takers will learn challenges and solutions using acoustical deck in a gymnasium in Rogers, Arkansas. Users will learn about types of standard and special profile joists. 

Sponsored | Resiliency | Jan 24, 2022

Norshield Products Fortify Critical NYC Infrastructure

New York City has two very large buildings dedicated to answering the 911 calls of its five boroughs. With more than 11 million emergency calls annually, it makes perfect sense. The second of these buildings, the Public Safety Answering Center II (PSAC II) is located on a nine-acre parcel of land in the Bronx. It’s an imposing 450,000 square-foot structure—a 240-foot-wide by 240-foot-tall cube. The gleaming aluminum cube risesthe equivalent of 24 stories from behind a grassy berm, projecting the unlikely impression that it might actually be floating. Like most visually striking structures, the building has drawn as much scorn as it has admiration. 

Coronavirus | Jan 20, 2022

Advances and challenges in improving indoor air quality in commercial buildings

Michael Dreidger, CEO of IAQ tech startup Airsset speaks with BD+C's John Caulfield about how building owners and property managers can improve their buildings' air quality.

Architects | Jan 17, 2022

OSPORTS adds Robert Hayes to lead operational and business development efforts

Hayes will guide the OPSORTS organization in its mission to offer a unique perspective to designing world-class facilities.

Architects | Jan 13, 2022

Hollywood is now the Stream Factory

Insatiable demand for original content, and its availability on a growing number of streaming platforms, have created shortages — and opportunities — for new sound stages.

Architects | Jan 13, 2022

Robert Eisenstat and Paul Mankins receive 2022 AIA Award for Excellence in Public Architecture

The award recognizes architects, public officials, or other individuals who design distinguished public facilities and advocate for design excellence.

3D Printing | Jan 12, 2022

Using 3D-printed molds to create unitized window forms

COOKFOX designer Pam Campbell and Gate Precast's Mo Wright discuss the use of 3D-printed molds from Oak Ridge National Lab to create unitized window panels for One South First, a residential-commercial high-rise in Brooklyn, N.Y.

boombox2 -
native1 -

More In Category




Resiliency

Norshield Products Fortify Critical NYC Infrastructure

New York City has two very large buildings dedicated to answering the 911 calls of its five boroughs. With more than 11 million emergency calls annually, it makes perfect sense. The second of these buildings, the Public Safety Answering Center II (PSAC II) is located on a nine-acre parcel of land in the Bronx. It’s an imposing 450,000 square-foot structure—a 240-foot-wide by 240-foot-tall cube. The gleaming aluminum cube risesthe equivalent of 24 stories from behind a grassy berm, projecting the unlikely impression that it might actually be floating. Like most visually striking structures, the building has drawn as much scorn as it has admiration. 

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

 


Magazine Subscription
Subscribe

Get our Newsletters

Each day, our editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Subscribe

Follow BD+C: