flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

6 funding sources for charter school construction

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

| Jul 28, 2014

Peterson Associates joins forces with KSQ Architects

Move creates Charlotte, N.C., office with expertise in higher education, K-12, multifamily, and healthcare. 

| Jul 28, 2014

Post Tower Wins CTBUH 10-Year Award

The 10 Year Award recognizes proven value and performance in a tall building, across one or more of a wide range of criteria, over a period of 10 years since its completion. 

| Jul 27, 2014

Maturing ‘plug and play’ sector could take market share from AEC Giants [2014 Giants 300 Report]

The growth of modular and containerized data center solutions may eventually hinder the growth of traditional data center construction services.

| Jul 27, 2014

Top Data Center Construction Firms [2014 Giants 300 Report]

Holder, Turner, and DPR head Building Design+Construction's 2014 ranking of the largest data center contractors and construction management firms in the U.S.

| Jul 27, 2014

Top Data Center Engineering Firms [2014 Giants 300 Report]

Fluor, Jacobs, and Syska Hennessy top Building Design+Construction's 2014 ranking of the largest data center engineering and engineering/architecture firms in the U.S.

| Jul 27, 2014

Top Data Center Architecture Firms [2014 Giants 300 Report]

Gensler, Corgan, and HDR head Building Design+Construction's 2014 ranking of the largest data center architecture and architecture/engineering firms in the U.S.

| Jul 25, 2014

Grocery stores choosing Green Globes for building sustainability certification

The Green Building Initiative (GBI) has announced a wave of Green Globes certifications for new grocery stores, including New Seasons Markets, Whole Foods, Price Chopper, Aldi’s, Harris Teeter, Wegmans, and Publix.

| Jul 24, 2014

SLATERPAULL Architects to merge with Hord Coplan Macht

The merger will create a full-service practice with offices in Baltimore, MD, Denver, CO and Alexandria, VA that offers integrated architecture, landscape architecture, interior design, planning and historic preservation services.

| Jul 24, 2014

MIT researchers explore how to make wood composite-like blocks of bamboo

The concept behind the research is to slice the stalk of bamboo grass into smaller pieces to bond together and form sturdy blocks, much like conventional wood composites.

| Jul 24, 2014

Glazing options in correctional and detention facilities

Like it or not, the number of incarcerated people in the U.S. continues to rise. With that, increased security in all aspects of these facilities continues to be a priority. This is where security glazing products that allow line of sight for supervisors to observe and still maintain secure separation can play a key role. SPONSORED CONTENT  

boombox1
boombox2
native1

More In Category

Warehouses

California bill would limit where distribution centers can be built

A bill that passed the California legislature would limit where distribution centers can be located and impose other rules aimed at reducing air pollution and traffic. Assembly Bill 98 would tighten building standards for new warehouses and ban heavy diesel truck traffic next to sensitive sites including homes, schools, parks and nursing homes.




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