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 13, 2017
Best in Architecture: 23 projects win AIA 2017 Institute Honor Awards
The Shigeru Ban-designed Aspen Art Museum and the General Motors Design Auditorium by SmithGroupJJR are among the architecture, interior architecture, and urban design projects to win.
Designers | Jan 13, 2017
The mind’s eye: Five thoughts on cognitive neuroscience and designing spaces
Measuring how the human mind responds to buildings could improve design.
Building Materials | Jan 9, 2017
Architects and researchers are developing new techniques for building in space
As setting foot on Mars becomes a more realistic goal, the search for how to best develop Architecture for the Red Planet is heating up.
Architects | Jan 5, 2017
U.S. architects can now earn licenses to practice Down Under
NCARB finalizes reciprocal agreement with Australia and New Zealand.
Architects | Jan 4, 2017
The making of visible experts: A path for seller-doers in the AEC industry
Exceptional seller-doers have the ability to ask the right questions, and more importantly, listen.
Building Team | Jan 3, 2017
How does your firm’s hit rate stack up to the AEC competition?
If your firm is not converting at least a third of project proposals when competing for new work, it may be time to reassess your marketing tactics and processes.
Architects | Dec 9, 2016
Leddy Maytum Stacy Architects receives the 2017 AIA Architecture Firm Award
LMSA is the 54th AIA Architecture Firm Award recipient.
| Dec 8, 2016
Paul Revere Williams, FAIA, awarded 2017 AIA Gold Medal
The Gold Medal honors an individual whose significant body of work has had a lasting influence on the theory and practice of architecture.
Building Team | Dec 8, 2016
The NYC Public Design Commission recognizes 12 projects with its 2016 Excellence in Design Award
2016 marked the 34th year the Public Design Commission has handed out its Excellence in Design Awards.
Education Facilities | Dec 7, 2016
How corporate design keeps educational design relevant
Learning is a lot like working; it varies daily, ranges from individual to collaborative, formal to informal and from hands on to digital.