FY 2018 Credit Enhancement Program Appropriation Level Could Reach Upwards of $40 million or More

The CSLC is pleased to see that the Credit Enhancement program received no less than $40 million in funding for the remainder of FY 2018 in the recently passed spending deal. This allocation is only $6 million less than the Department of Education allotted for the CE program last year.

CSLC Statement on the NAPCS Report: Strengthening Federal Investment in Charter School Facilities

The CSLC commends the National Alliance for Public Charter Schools on the recent publication of Strengthening Federal Investment in Charter School Facilities. The suggestions put forth in the paper aim to broaden the reach of federal investments and help equalize access to facilities for charter schools. Please click on the link for the full statement and paper.

Click Here.

CSLC Statement on the Trump Administration’s 2019 Budget Proposal

The CSLC released a statement on the Trump administration’s 2019 budget proposal, which includes $500 million for the Charter Schools Program and up to $100 million for charter school facilities financing. Please click on the link for the full statement.

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CSLC Letter to Senate Finance Committee on Protection of NMTC and Tax Exempt Bonds

The CSLC sent a letter to Chairman Hatch and Ranking Member Wyden of the Senate Finance Committee, urging the Committee to protect the NMTC program and tax exempt bonds, both of which are vital federal resources for financing charter school facilities. To read the letter, click below.

Click Here.

CSLC Statement on H.R. 1, Tax Cuts and Jobs Act

The CSLC released a statement in response to H.R. 1, Tax Cuts and Jobs Act, which proposes to repeal the New Markets Tax Credit and various bond programs. To read the statement, click below.

Click Here.

Department of Education Announced FY 2017 Credit Enhancement Program Grantees

On September 30, 2017, the U.S. Department of Education announced $56.25 million in awards for the Credit Enhancement for Charter School Facilities Program competition. Please click on the link to see the CSLC’s full statement on the awards.

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CSLC Statement on the Trump Administration’s 2018 Budget Proposal

The CSLC released a statement on the Trump administration’s 2018 budget proposal, which includes $500 million for the Charter Schools Program and up to $100 million for charter school facilities financing. Please click on the link for the full statement.

Click Here.

U.S. Department of Education Announces FY 2017 Credit Enhancement Application

The U.S. Department of Education released the FY 2017 application for the Credit Enhancement for Charter School Facilities Program. The application is due May 11, 2017. Please click on the link for more information.

Click Here.

National Charter Schools Conference 2017!

June 11-14, 2017 -The 2017 National Charter Schools Conference will be held June 11-14 at the Walter E. Washington Center in Washington, D.C.! Join us at the conference for more than 130 engaging sessions and networking events!

Register Here.

U.S. Department of Education Awards $16 Million for FY 2016 Credit Enhancement for Charter School Facilities Program

The U.S. Department of Education listed two awards totaling $16 million for FY 2016 for the Credit Enhancement for Charter School Facilities Program.

See the 2016 CE Recipients Here.

National Charter Schools Conference 2015!

June 21-24, 2015 -The 2015 National Charter Schools Conference will be held June 21-24 at the Ernest N. Morial Convention Center in New Orleans.  Join us at the conference for more than 135 engaging sessions and networking events!

Register Here.

The Local Initiatives Support Corporation (LISC) and the National Association of Charter School Authorizers (NACSA) release a joint report on cooperation between charter school lenders and authorizers

May 25, 2015 – The LISC and NACSA joint report presents an overview of charter school lending and charter school authorizing and suggests areas of collaboration between the two sectors.

Read the LISC and NACSA report here.

U.S. Department of the Treasury Awards $325 Million for Inaugural Round of CDFI Bond Guarantee Program

September 30, 2013 – The U.S. Department of the Treasury announced three awards to support $325 million in bonds to support long-term financing for CDFI investments in low-income communities, creating a new source of capital to finance public charter schools.

Read the Department’s Press Release for the FY 2013 awards here.

U.S. Department of Education Awards $12 Million for FY 2013 Credit Enhancement for Charter School Facilities Program

July 17, 2013 – The U.S. Department of Education announced three awards totaling $12 million for FY 2013 for the Credit Enhancement for Charter School Facilities Program.

Read the Department’s Press Release on the FY 2013 awards.

U.S. Department of the Treasury’s CDFI Fund Awards New Markets Tax Credit Allocations for 2012; CSLC Members Awards $375 Million for Charter Schools and Other Community Assets

April 24, 2013 – The CDFI Fund has awarded 85 organizations nationwide allocations of New Markets Tax Credits for 2012. Congratulations to several CSLC members on successful applications for this extremely competitive program that received 282 applications for the 2012 round! A full list of allocatees can be fund on the CDFI Fund’s website.

CSLC Member Headquarters Awards Amount Service Area
Civic Builders New York, NY $15 million National
Community Loan Fund of New Jersey New Brunswick, NJ $30 million Statewide
Enterprise Community Partners (ESIC New Markets Partners LP) Columbia, MD $50 million National
Florida Community Loan Fund Orlando, FL $40 million Statewide
Low Income Investment Fund San Francisco, CA $55 million National
NCB Capital Impact Arlington, VA $40 million National
Nonprofit Finance Fund New York, NY $40 million National
Raza Development Fund Phoenix, AZ $35 million National
Self-Help Ventures Fund Durham, NC $25 million National
The Reinvestment Fund Philadelphia, PA $45 million National

 

CSLC and National Alliance for Public Charter Schools (NAPCS) Urge Congress to Permanently Extend the New Markets Tax Credit

April 15, 2013 – The Charter School Lenders’ Coalition and the National Alliance for Public Charter Schools sent a letter to the House Committee on Ways and Means Education Task Force to permanently extend the New Markets Tax Credit Program at an increased allocation authority of $5 billion per year. As both chambers of Congress are considering comprehensive tax reform, CSLC and its partners are dedicated to protecting this important resource to attract private capital for charter school facilities financing.