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


Annie Donovan, Chief Operating Officer, NCB Capital Impact

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July 12, 2008

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.