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 | Jun 7, 2017
Build your very own version of Frank Lloyd Wright’s Guggenheim Museum with this new LEGO set
744 LEGO bricks are used to recreate the famous Wright design, including the 1992 addition.
Multifamily Housing | Jun 7, 2017
Multifamily visionary: The life and work of architect David Baker
For 35 years, architect David Baker has been a spirited voice for affordable housing, in San Francisco and beyond.
Architects | Jun 5, 2017
NCARB launches second alternative path to architect certification
Architects without a professional degree in architecture can now earn NCARB certification through an alternate path.
Architects | Jun 2, 2017
NELSON joins forces with Cope Linder and KA
More growth ahead, as NELSON expects to double its workforce and revenue this year.
Office Buildings | Jun 2, 2017
Strong brew: Heineken HQ spurs innovation through interaction [slideshow]
The open plan concept features a Heineken bar and multiple social zones.
| Jun 2, 2017
Accelerate Live! talk: How maker culture is transforming Sasaki’s design practice
Sasaki’s Pablo Savid-Buteler and Brad Prestbo talk about how the firm’s maker initiatives are changing the way Sasaki goes to market, and how they are helping the firm win new business.
| May 30, 2017
Accelerate Live! talk: The ROI of innovation culture, Russ Sykes, SmithGroupJJR
Russ Sykes discusses SmithGroupJJR’s ongoing journey to create a firm culture that ignites innovation and propels change across all levels of the organization.
| May 30, 2017
Accelerate Live! talk: Finding the money for your clients' projects, Paul Westlake, Jr., DLR Group|WRL
Architect Paul Westlake, Jr., shares his methods for adding value to projects through creative financing.
| May 30, 2017
Accelerate Live! talk: Health-generating buildings, Marcene Kinney, Angela Mazzi, GBBN Architects
Architects Marcene Kinney and Angela Mazzi share design hacks pinpointing specific aspects of the built environment that affect behavior, well-being, and performance.
Daylighting | May 30, 2017
Sun, sky brightness, and glow: Making the most of daylight [AIA course]
To some project teams, “daylighting” means using glass area to admit direct sunlight, period.