Facility Financing 2018-08-27T19:03:37+00:00

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.

See ExED’s Virtual Facilities Tour.

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).

See some of our facility financing success stories.

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.

Technical Assistance

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.

ExED Voices

“ExED is committed to providing strategic business solutions to help charter schools identify, finance and develop high-quality, affordable facilities that meet their needs regardless of whether they’re a startup or at full capacity.”

Neelura Bell, Facility Development Director

ExED Facility Financing:
Client Success Story

Animo Pat Brown
Animo Pat Brown is a Green Dot public high school that has served the Florence-Firestone neighborhood of South Los Angeles since 2006. Its home in a new-construction building at 8255 Beach Street was financed in part by ExED.

See more of our facility financing success stories.