Federal Reserve Bank of San Francisco

Community Development

Charter School Facilities Finance: How CDFIs Created the Market, and How to Stimulate Future Growth

Author(s): Annie Donovan, Chief Operating Officer, NCB Capital Impact

Summer 2008

Community Development Working Papers

This working paper examines the role that Community Development Financial Institutions (CDFIs) play in supporting the successful growth of public charter schools. CDFIs are financial institutions whose primary mission is to provide capital and development services to financially underserved markets. Charter schools are publicly funded schools that are permitted to operate independently in exchange for a high degree of accountability for academic performance.

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