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
| Oct 25, 2011
DOE issues report on financing solar photovoltaic systems for K-12 schools
The report examines the two primary types of ownership models used to obtain solar installations. This analysis can help school administrators across the country select the best option for deploying solar technologies in their school districts.
| Oct 25, 2011
MKK participates in BSA Engineering Merit Badge day
MKK principal Craig Watts attended the event as a representative of the MEP (mechanical/electrical/plumbing) engineering industry to give scouts an idea of what’s involved in becoming a mechanical engineer, and an overview of a typical day in the life of an engineer.
| Oct 24, 2011
FMI releases Adjust, Adapt, Act Study
The paper explores several case studies, including Sun Country Builders, Huen, BakerTriangle, Consigli, Skender Construction and Flatiron, and distills the key factors that make these companies unique and successful.
| Oct 24, 2011
BBS Architects & Engineers receives 2011 Sustainable Design Award from AIA Long Island Chapter
AIA LI also recognized BBS with the 2011 ARCHI Award Commendation for the St. Charles Resurrection Cemetery St. Charles Resurrection Cemetery Welcoming and Information Center in Farmingdale, NY.
| Oct 24, 2011
Kolbe adds 3-D models of direct set windows to BIM library?
Beveled Direct Set SketchUp and Revit Models available.
| Oct 20, 2011
UNT receives nation’s first LEED Platinum designation for collegiate stadium
Apogee Stadium will achieve another first in December with the completion of three wind turbines that will feed the electrical grid that powers the stadium.
| Oct 20, 2011
Process leads to new design values for southern pine and other visually graded dimension lumber
A summary of the process used to develop new design values will clarify many of the questions received by the SFPA.
| Oct 20, 2011
Johnson Controls appoints Wojciechowski to lead real estate and facilities management business for Global Technology sector
Wojciechowski will be responsible for leading the continued growth of the technology vertical market, while building on the expertise the company has developed serving multinational technology companies.
| Oct 20, 2011
Stellar hires Navy veteran Taylor as vice president
Stellar’s federal experience includes military exchanges (large retail stores on military bases), lodging facilities for military personnel, fuel stations, youth activities centers and recreational centers.
