Credit Enhancement for Charter School Facilities Program

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  • Click here for a general list of charter school resources.

  • Presentations from the 2010 National Charter School Facilities Institute can be found at: http://www.charterschoolcenter.org/event/2010-national-charter-school-facilities-institute.

  • Charter School Facility Finance Landscape. This link provides access to an updated national survey of private and public providers of funding and finances for charter school facilities

  • Making Charter School Facilities More Affordable: State-driven Policy Approaches showcases charter school facility laws and practices that have been developed to tackle the facilities challenge in eight states and Washington, D.C. (Out of Print)

  • Implementation of the Credit Enhancement for Charter School Facilities Program: Final Report (2008). This report examines implementation of the Credit Enhancement for Charter School Facilities Program and documents loan activities facilitated by the program. The study focuses on the nine organizations that received grants in FY 2002 through FY2004. It draws on information from program applications and annual performance reports; secondary data sources; and discussions with grantees, unsuccessful applicants, charter school facilities lenders, and nine schools assisted by grantees.

  • The Finance Gap: Charter Schools and their Facilities. (Institute for Education and Social Policy, Steinhardt School of Education, New York University; The Educational Facilities Financing Center of the Local Initiatives Support Corporation; Bill and Melinda Gates Foundation, Jan 2004) This study examines the facilities experiences of charter schools in 14 states and the District of Columbia, jurisdictions that house 75 percent of the nation's charter schools. The findings substantiate and detail the belief that facilities are the number one hurdle for charter school developers. Researchers conducted over 100 interviews with representatives of public schools, including charter schools and charter school networks; federal, state and local public education officials; representatives of public school advocacy groups, partners, and resource centers; and representatives of the real estate and finance communities. This report documents the shared experiences of charter schools with innovative financing mechanisms, private sector involvement in facilities financing, and the use of instructional revenue for the repayment of debt. It also offers recommendations for public and private sector participants. [Authors' abstract.]

  • Charter Schools: New Charter Schools across the Country and in the District of Columbia Face Similar Start-Up Challenges. Report to Congressional Requesters. (General Accounting Office, Washington, DC Sept. 2003). This study analyzed federal and state charter school laws, addressing challenges faced by charter school startups nationwide, state resources available to address these challenges, and how the District of Columbia compares in terms of charter school challenges and resources. The three greatest challenges facing new charter schools were securing a facility, obtaining startup funding, and acquiring the expertise necessary to run a charter school. Challenges facing District schools are similar to those nationwide, although obtaining facilities is particularly difficult in the District due to the cost of real estate and poor conditions of available buildings. To offset this, the District provides charter schools with various forms of assistance. 39 pages. Report NO: GAO-03-899. http://www.gao.gov/assets/240/239355.pdf [67KB]

  • Debunking the Real Estate Risk of Charter Schools.  Kaufman Foundation, 2005. This publication describes the risk of lending to charter schools. Visit: http://sites.kauffman.org/pdf/CharterSchools071805E.pdf [368KB]


 
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Last Modified: 03/20/2014