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Charter Schools Capital Program |
IFF’s Charter Schools Capital Program (CSCP) is the only one-stop shop to help Midwest charter schools obtain financing and real estate services at any stage of school development.
Serving schools in Illinois, Indiana, Missouri and Wisconsin, CSCP seamlessly brings together below-market rate loans and alternative credit-enhanced financing structures. An award-winning program, CSP has gained national recognition for its innovative use of Department of Education credit enhancements to finance larger charter school projects. The program also helps charter schools in specific markets complete facility acquisition, construction and renovation projects, equipment purchases, and facility improvements. CSCP includes the following services: IFF Loans - Capital for projects ranging from $10,000 to $1.5 million
- Terms of up to 15 years
- Funding for predevelopment and start-up costs
Credit Enhancement of Bonds and Investor Pools - Capital for projects over $1.5 million
- Low tax-exempt interest rates
- Terms of up to 30 years
- 100% financing available
- Leased or owned facilities
Real Estate Services
- Project Feasibility: Development of a preliminary program and space plan; project budget and financial feasibility analysis
- Project Pre-Development: Site identification and evaluation; selection and management of land or building purchase
- Project Management: Selection and coordination of architect and contractors; oversight of design and construction
Click here to download print material on IFF's CSCP program.
CSCP Clients
Academy of Communications and Technology
ACE Technical Charter School
Alain Locke Charter School
American Quality Schools
ASPIRA Inc. of Illinois
Betty Shabazz International Charter School
Brookside Frontier Math and Science School
Brookside Charter Day School
Chicago Charter School Foundation
Chicago Math and Science Academy
Choir Academy Charter School of Chicago
Comer Foundation for Science and Education
Thea Bowman Leadership Academy of Drexel Foundation for Education Excellence, Inc.
Erie Elementary Charter School
Galapagos Charter School
Galileo Charter School
Homan Square-Henry Ford Power House High School
Hope Lutheran School
Instituto del Progreso Latino
Irvington Community School
KIPP Ascend Charter School
L.E.A.R.N. Charter School
| | Legacy Charter School
Namaste Charter School
Noble Network of Charter Schools
North Kenwood/Oakland Charter School of University of Chicago Charter School Corporation
North Lawndale College Preparatory Charter High School
Northwestern University Settlement Association
Passages Charter School of Asian Human Services
Perspectives Charter School
Seeds of Health
University of Chicago, Center for Urban School Improvement
UNO Charter School Network
Young Women’s Leadership Charter School
Youth Connections Charter School
Washington University Other Education Clients:
Chicago Public Schools
Evanston District 65
Illinois State Board of Education
Illinois Network of Charter Schools
National Association of Charter School Authorizers (NACSA) |
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