LA Charter School New Markets CDE

Los Angeles CA


LA Charter Schools New Markets CDE (“LA Charter Schools”) provides facility financing, as well as accounting and other technical assistance, to charter schools in Los Angeles County, California. With its NMTC allocation, LA Charter Schools will offer loans with interest rates that are 250 to 400 basis points below market, and finance projects with higher loan-to-value ratios and lower debt service coverage ratios than what is typically available to charter schools. In addition to providing construction and permanent financing, LA Charter Schools will also expand its current activities to offer new programs that finance improvements to leased property.

CDFI Awards for LA Charter School New Markets CDE


NMTC (2009) - $50,000,000

LA Charter Schools New Markets CDE (LA Charter Schools) provides facility financing, as well as accounting and other technical assistance, to charter schools in southern California. With its NMTC allocation, LA Charter Schools will offer loans with interest rates that are 250 to 400 basis points below-market, and finance projects with higher loan-to-value ratios and lower debt service coverage ratios than what is typically available to charter schools. In addition to providing construction and permanent financing, LA Charter Schools will also expand its current activities to offer new programs that finance improvements to leased property.



NMTC (2007) - $35,000,000

LA Charter Schools New Markets CDE (“LA Charter Schools”) provides facility financing, as well as accounting and other technical assistance, to charter schools in Los Angeles County, California. With its NMTC allocation, LA Charter Schools will offer loans with interest rates that are 250 to 400 basis points below market, and finance projects with higher loan-to-value ratios and lower debt service coverage ratios than what is typically available to charter schools. In addition to providing construction and permanent financing, LA Charter Schools will also expand its current activities to offer new programs that finance improvements to leased property.



NMTC (2002) - $36,000,000

The organization will use its NMTC allocation to provide funding for community-based charter schools, in particular the financing, packaging, and leasing of new charter school facilities. The organization believes the NMTC allocation will allow it to expand the volume of its activities, expand the types of products and services that it offers, and target its activities to areas of greater economic distress.



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