Charter School Facility Planning
ExED is a recognized national leader in providing innovative facility financing solutions to charter schools. Thanks to a unique funding mechanism we helped pioneer, ExED has facilitated more than $174 million for 28 new schools.
New Markets Tax Credit-Financed Schools
Securing a permanent, affordable school facility is the number one obstacle to the growth of high-achieving charter schools. ExED pioneered the use of the federal New Markets Tax Credit (NMTC) program to finance charter school facilities in qualified census tracts. ExED has won $174 million in NMTC allocations from the U.S. Treasury Department for investment in charter school facilities in Southern California. That investment has financed new facilities for 28 schools with over 12,900 seats.See the complete list of NMTC-financed schools.
ExED’s financing partners include US Bank, Citibank, Wells Fargo, City National Bank, JP Morgan Chase, and Community Development Finance Institutions such as Local Initiatives Support Corp. (LISC) and Low Income Investment Fund (LIIF).
Charter School Predevelopment/Short-Term Flexible Facility Loans
ExED provides funding for short-term loans at very low interest rates to help charter schools in low-income Los Angeles neighborhoods secure permanent, affordable facilities. The loans, ranging from $100,000 to $1.5 million, are supported by more than $5 million in funding from the Walton Family Foundation.For eligibility criteria, click here.
ExED provides expert technical assistance on a wide range of facility issues to help schools identify potential sites, find professionals for feasibility studies, and screen potential partners, among many other tasks. Our facility technical assistance is led by Louise Manuel, Facility Development Director, with assistance from Anita Landecker, Executive Director.