CSDC News

CSDC Awarded Nearly $6M to Support Young Charter Schools October 13, 2017

Charter Schools Development Corporation (CSDC) has been awarded two government grants totaling nearly $6M to continue its development of expanded school choice for underserved communities. The grants, targeting financial and facilities support for charter schools, will increase CSDC’s capacity to help additional innovative, results-oriented schools open and thrive in the communities that need them most.

New Market Tax Credits (NMTC) Help Expand Charter School, Repurpose Vacant Mall in Oklahoma City April 28, 2017

CSDC has partnered with Santa Fe South Schools to utilize NMTC financing for the purchase and gut renovation of a dedicated high school at an abandoned mall on Oklahoma City’s Southside. With the move of the high schoolers to this renovated facility, Santa Fe South Schools will be able to serve an additional 600 students from pre-K through 12th grade.

CSDC Receives Fifth Federal Credit Enhancement Grant September 1, 2015

CSDC Announces New Program to Focus on Rural Charter School Facilities (September 1, 2015, Columbia, MD) Charter Schools Development Corporation (CSDC) is pleased to announce that it has received a $5 million grant under the U.S. Department of Education’s (ED) Credit Enhancement for Charter Schools Facilities Program that will enable the organization to expand its lending and development capacity to multiple charter schools over a broad geographic area, with a new emphasis on serving schools…

Seven CSDC-Supported High Schools Ranked Among Nation’s Top 2% June 1, 2015

CSDC Salutes Its Nationally Ranked Charter High Schools Including Seven CSDC-Supported High Schools Ranked Among Nation’s Top 2% (June 1, 2015, Columbia, MD) Ten Charter School Development Corporation (CSDC) charter schools made U.S. News and World Report’s 2015 list of America’s Best Public High Schools. Seven of those ten fell within the top 2% in the nationwide rankings, earning a Gold rating for educating their students to the highest level of college readiness. U.S. News…

CSDC Collaborates to Finance Expansion of Hiawatha Academies April 13, 2015

CSDC partners with Minnesota Bank & Trust and Nonprofits Assistance Fund to expand Hiawatha Academies. (April 13, 2015) Columbia, MD – Charter Schools Development Corporation (CSDC) has announced the result of their partnership with the Minnesota Bank & Trust (MBT) and Nonprofits Assistance Fund (NAF). MBT led the financing project that will enable Hiawatha Academies to build a new public charter school in South Minneapolis. The new school will initially serve high school students before becoming a…

CSDC Receives Generous Support from the Walton Family Foundation October 24, 2014

Walton Family Foundation Honors CSDC with $5.6 Million Investment (October 24, 2014, Columbia, MD) Charter Schools Development Corporation (CSDC) has been awarded two grants from the Walton Family Foundation, totaling $5.6 million, to provide affordable facilities and financing support to charter schools. CSDC offers a variety of financing programs that enable fledgling charter schools to secure and improve safe yet affordable facilities, streamlining an often complicated process that can otherwise drain resources away from the…

CSDC Receives “Award of Excellence” October 4, 2013

Associated Builders and Contractors (ABC) Honors CSDC with Award of Excellence (Hanover, MD, October 4, 2013) Every year, the Associated Builders and Contractors (ABC) Inc., of Indiana/Kentucky recognizes “merit shop” contractors who excel in innovation, quality, safety, and communication. The Charter Schools Development Corporation (CSDC) is pleased to announce that, together with its general contractor, Meyer Najem Construction, received the 2013 “Award of Excellence” for its economic and efficient design and construction of the Charles…

CSDC Congratulates the International Spanish Language Academy (ISLA) October 1, 2013

The International Spanish Language Academy (ISLA) Receives Prestigious Blue Ribbon School Designation (Hanover, MD, October 1, 2013) The Charter Schools Development Corporation (CSDC) congratulates the International Spanish Language Academy (ISLA) in Minnetonka, Minnesota for being recognized by the U.S. Department of Education as a 2013 National Blue Ribbon School. A “National Blue Ribbon Schools” designation has become a mark of excellence in education recognized by everyone from parents to policy-makers in thousands of communities.  ISLA is certified…

CSDC Creates New Model on Joint Base Andrews January 18, 2013

CSDC Partnership Provides New Facility for Charter School Serving Military and Civilians on Joint Base Andrews (Hanover, January 18, 2013) With the start of the new year, students and staff at Imagine Andrews Public Charter School return to school in a brand new, permanent facility on Joint Base Andrews (formerly Andrews Air Force Base). The facility for Imagine Andrews, one of the first charter schools to be opened on a military base, is the result…

CSDC Celebrates National School Choice Week January 15, 2013

National School Choice Week kicks off January 25th in Phoenix, Arizona (Hanover, MD, January 15, 2013) Charter schools are the cornerstone of the movement to expand school choice options for families which has revolutionized public K-12 education over the past two decades. Today, more than 2 million students are taking advantage of this robust public school choice option in over 5,600 charter schools across the country.  CSDC celebrates National School Choice Week 2013 taking place January…

CSDC Hosts DC Book Launch for Zero Chance of Passage October 15, 2012

CSDC Celebrated the 20th Anniversary of Chartering with its National Pioneers! (Hanover, MD, October 15, 2012) Educators, advocates, policymakers and business leaders who helped pioneer the charter school movement, both in the District of Columbia and nationally, recently came together at a special reception hosted by the Charter Schools Development Corporation (CSDC) to celebrate the 20th anniversary of this revolutionary education movement. The reception, which took place overlooking the nation’s Capitol, marked the national launch…

CSDC Celebrates and Supports Charter Schools as The Movement Turns 20! October 3, 2012

$680M in Facilities Support for 235 Charter Schools in 24 States & DC – and We’re Just Getting Started! (Hanover, MD, October 3, 2012) Twenty years ago the nation’s very first chartered school opened its doors in St. Paul, Minnesota.  Today, over two million students attend over 5,600 charter schools in 41 states and the District of Columbia, and two-thirds of Americans  support chartering.   The Charter Schools Development Corporation (CSDC) is celebrating this milestone anniversary…

CSDC Board Vice Chair Ember Reichgott Junge guest blogs for Clinton Foundation September 7, 2012

CSDC Board Vice Chair Ember Reichgott Junge Guest Blogs for Clinton Foundation (Hanover, MD, September 7, 2012) CSDC Board Vice-Chair Ember Reichgott Junge celebrates the 20th anniversary of the opening of the very first chartered school in the nation in a special blog that appeared today for the Clinton Foundation. From Idea to National Movement: Celebrating Twenty Years of Chartered Schools Twenty years ago today, on September 7, 1992, the first chartered school – City…

CSDC Receives Maximum Capital Award From CDFI Fund August 7, 2012

CSDC Uses Financial Assistance Award to Expand Lending Programs (Hanover, MD, August 7, 2012) The Community Development Financial Institutions Fund (CDFI Fund), a division of U.S. Department of Treasury, has announced a maximum $1,453,806 Financial Assistance award to the Charter Schools Development Corporation (CSDC).  The award will be used to leverage new capital for CSDC’s direct lending programs targeted to charter school organizations needing capital financing for their facility needs and located in economically distressed…

Johns Hopkins University Sponsors 2-Day Conference on Charter Schools August 3, 2012

CSDC Board Vice-Chair Discusses Charter School Policy Origins (Hanover, MD, August 3, 2012) CSDC Board Vice-Chair Ember Reichgott Junge addressed an audience of faculty, school board members, local and national policy education experts on July 25, 2012 at Johns Hopkins University. The two-day conference, which was sponsored by the School of Education with the theme “Charter School Policies and Leadership: Shaping the Next 20 Years,” focused on lessons learned and the future of schools of education in this era…

Whose Buildings Are They Anyway? July 17, 2012

Commentary by Nelson Smith in Education Next (Hanover, MD, July 17, 2012) A very timely and informative article published in Education Week and written by Nelson Smith, a consultant on education policy and former E.D. of the DC Public Charter School Board and CEO of the National Alliance for Public Charter Schools, reinforces CSDC’s mission and focus on financing and developing facilities for great public charter schools nationally. Whose School Buildings Are They, Anyway? Making public school facilities available to…

Former Michigan Governor John Engler Recognized for his Contributions to Education Reform May 23, 2012

Newly named “Governor John Engler Center for Charter Schools” honors Michigan pioneer (Hanover, MD, May 23, 2012)  Central Michigan University this week honored former Governor John Engler, who ushered in the state’s charter law in 1993 – at that time one of only seven states in the  nation to authorize charters – by renaming its Center for Charter Schools after the Governor.  CMU, a charter authorizer in the state, oversees 56 charter schools that are bringing…

CSDC Receives Grant from Starbucks and Opportunity Finance Network’s “Create Jobs for USA” Initiative April 27, 2012

CSDC receives capital grant to Help Spur Job Creation in the US (Hanover, MD, April 27, 2012)  The Charter Schools Development Corporation (CSDC), a community development loan fund specializing in financing for charter school organizations, announced today that it has received a $230,000 capital grant from the Create Jobs for USA Fund, a collaboration between Starbucks and Opportunity Finance Network (OFN). The grant will help CSDC expand its mission as a local community lender to…

A Sneak Peek into the Origins of the Charter School Movement April 25, 2012

Commentary by Education Week reporter on CSDC Board Vice-Chair Ember Reichgott Junge’s New Book Chronicling the legislative history of Charter Schools (Hanover, MD, April 25, 2012) Veteran Education Week reporter Sean Cavanagh discusses CSDC Board Vice-Chair Ember Reichgott Junge’s new book, “Zero Chance of Passage: The Pioneering Charter School Story,” in his April 19th blog post.  The book, co-published by the Charter Schools Development Corporation (CSDC) and Beaver’s Pond Press, is scheduled to be released…

Google Offers and Banana Republic Announce New Partnership to help “Create Jobs for USA” April 3, 2012

Google Offers and Banana Republic Announce New Partnership to help “Create Jobs for USA” (Hanover, MD, April 3, 2012)  Starbucks Coffee Company and Opportunity Finance Network® (OFN) welcome new partners Google Offers and Banana Republic to support the “Create Jobs for USA Fund,” a philanthropic program launched in November 2011 to create and preserve American jobs.  The projected $4 million in donations expected to be raised through these partnerships will result in nearly $30 million in loans to…

CSDC to Present “All About Facilities” Workshop January 11, 2012

CSDC and the Arizona Charter Schools Association Partner to Present “All About Facilities” Workshop (Hanover, MD, January 11, 2012)  CSDC, in partnership with the Arizona Charter Schools Association (ACSA), will be presenting a free “All About Facilities” workshop on Tuesday, January 24 from 4:30-6:30 p.m. at the Association’s office in Phoenix.  The workshop will cover everything charter school leaders need to know about facilities, from search and evaluation to planning for future facility needs.  ACSA’s mission is to…

CSDC Honored with Wachovia Wells Fargo NEXT Award November 18, 2011

CSDC Receives 2011 Wachovia Wells Fargo NEXT Award for Opportunity Finance and a $25,000 grant for “demonstrated excellence in financing” (Hanover, MD, November 18, 2011)  CSDC is pleased to announce that we won the 2011 Wachovia Wells Fargo NEXT Award for Opportunity Finance and a $25,000 grant for “demonstrated excellence in financing” at the Annual Opportunity Finance Network Conference on November 15th in Minneapolis, Minnesota!  Ember Reichgott Junge, the Vice-Chair of CSDC’s Board of Directors, and Frank…

Starbucks and OFN Launch Create Jobs for USA November 7, 2011

Starbucks and OFN Launch “Create Jobs for USA” (Hanover, MD, November 7, 2011)  Starbucks Coffee Company is teaming up with Opportunity Finance Network® (OFN) to help create and preserve  jobs in America through the “Create Jobs for USA Fund,” a new philanthropic initiative that pools donations from Starbucks customers and concerned citizens into a nationwide fund for community business lending. The innovative program will provide grants to Community Development Financial Institutions (CDFIs) and OFN members…

College and careers come to Anacostia October 27, 2011

Commentary by CSDC Board Chair Tom Nida on the resurgence of learning and hope in Southeast Washington. (Hanover, MD, October 27, 2011) CSDC Board Chair Tom Nida reflects on the decline and resurgence of learning and hope at his alma mater as a result of a unique partnership between a charter school operator and the traditional public school system in the following commentary in the Washington Times: College and careers come to Anacostia Charter and public-school partnership reignites…

CSDC Board Vice-Chair to Salute 20 Years of Charters in Minnesota October 19, 2011

CSDC Board Vice-Chair to Salute 20 Years of Charters in Minnesota (Hanover, MD, October 18, 2011) CSDC Board Vice-Chair Ember Reichgott Junge will deliver the keynote address at the Minnesota Charter Schools Conference in St. Paul on November 3, 2011. The conference, with the theme “Celebrating 20 Years; Looking Forward 20 Years,” will examine the history of the revolutionary education movement that was launched with Minnesota’s passage of the nation’s first charter law in 1991, as…

Academic Achievement in Arizona

Achieving academic excellence in Arizona (Hanover, MD, October 19, 2011) The Charter Schools Development Corporation (CSDC) congratulates five client charter schools in Arizona for earning top grades from the Arizona Department of Education. Adams Traditional Academy in Phoenix and Northland Preparatory Academy in Flagstaff achieved “A” grades for excellence in academic growth and outcomes. Telesis Preparatory Academy in Lake Havasu City, Imagine Bell Canyon and Imagine West Gilbert Elementary and Middle schools achieved “B” grades for above…

CSDC named Finalist for Wachovia Wells Fargo NEXT Award for Opportunity Finance October 18, 2011

CSDC named Finalist for Wachovia Wells Fargo NEXT Award for Opportunity Finance (Hanover, MD, October 18, 2011) The Charter Schools Development Corporation (CSDC) has been named a finalist for a $25,000 grant award to Community Development Financial Institutions (CDFIs) that have demonstrated excellence in financing, according to the Opportunity Finance Network (OFN), the nation’s leading network of high-performance CDFIs.  The Wachovia Wells Fargo NEXT Awards for Opportunity Finance is the nation’s largest and most prestigious…

CSDC Goes Back to School! September 19, 2011

CSDC Goes Back to School! (Hanover, MD September 19, 2011) Charter Schools Development Corporation (CSDC) continues its track record of providing highly accountable charter schools with access to state-of-the-art facilities and affordable capital financing.  Despite strong headwinds from the nation’s ongoing economic crisis and uncertainty in the financial markets, over the past year CSDC has delivered, through its innovative programs and services, facilities and financing solutions to 21 more charter schools for their 2011-2012 school…

Two Roads Charter School moves into ideal location with the help of CSDC September 14, 2011

Two Roads Charter School moves into ideal location with the help of CSDC (Arvada, CO, September 14, 2011) Charter Schools Development Corporation (CSDC) is pleased to announce its acquisition of the former Maranatha Christian Center for lease, with option to purchase, to Two Roads Charter School (TRCS). TRCS opened its doors at this new location in Arvada, CO on August 29, 2011.  TRCS approached CSDC in March 2011 for assistance in acquiring a permanent facility with…

A Tipping Point for Democrats on Education July 29, 2011

Commentary by CSDC Board Member Alexander Ooms on the evolution of education reform in Colorado. (Denver, CO, July 25, 2011) Alexander Ooms, CSDC Board member and Managing Partner at ClearCreek Partners, comments on the evolution of education reform in Colorado in the following commentary in the Denver Post:    A tipping point for Democrats on education In multiple elections over the past year, at the state, district and city level, Colorado Democrats are winning elected office…

Clinton Salutes Revolutionary Lawmaker July 1, 2011

Clinton Salutes Visionary Lawmaker (Atlanta, GA, June 21, 2011) In his keynote speech at the annual National Charter Schools Conference in Atlanta, former President Bill Clinton acclaimed the visionary role of CSDC Board Vice-Chair and former Minnesota State Senator Ember Riechgott Junge in launching the charter school movement. Reichgott Junge authored Minnesota’s pioneering charter law, paving the way for the establishment of the nation’s first charter school and the thousands that have been created in…

A New Home in DC April 8, 2011

Washington Yu Ying Public Charter School Purchases Site for Permanent Home (Washington, DC, April 8, 2011) CSDC client Washington Yu Ying Public Charter School, which first opened in ‘incubator space’ in CSDC’s Austin P. Frum Public Education Center in Northeast DC, has announced its purchase of 220 Taylor NE as the site for the school’s permanent home. CSDC will develop the property, and is also providing financing in the form of subordinated debt for the project Yu Ying,…

Banking on Success in Baton Rouge March 23, 2011

CSDC Banks on Success of Mentorship Academies in Baton Rouge (Baton Rouge, LA, March 23, 2011) Charter Schools Development Corporation (CSDC) is working with two Baton Rouge charter high schools to convert a six-story bank into a state-of-the-art educational facility that will put their students on the path to success in college and beyond. The former Regions Bank building in downtown Baton Rouge is now home to two charter schools that are part of the…

More Than Meets the Eye March 15, 2011

Statement by CSDC Board Member James Goenner on the Detroit Charter Schools Plan (Mt. Pleasant, MI, March 15, 2011) James Goenner, CSDC Board member and President and CEO of the National Charter Schools Institute, comments on the Detroit Charter Schools Plan.  There’s more to the story than meets the eye! Link here for Mr. Goenner’s statement.

Done Deal March 7, 2011

Done Deal: Patience, Persistence and Resourcefulness Required (Minnesota, March 7, 2011) Commercial real estate firm Christianson & Company turns to CSDC to secure facilities financing for International Spanish Language Academy, located in Minnetonka, Minnesota. “…we came across the name of an organization that was one of the few that had closed on a school purchase in recent months.  We contacted the Maryland based Charter School Development Corporation whose mission is to assist public charter schools with the…

Ni Hao, Mr. President January 19, 2011

Washington Yu Ying Public Charter School Students Visit the White House (Washington, DC, January 19, 2011) Twenty one first, second, and third grade students from Washington Yu Ying Public Charter School visited the White House today, where they heard addresses from President Barack Obama and Chinese President Hu Jintao. The students, who learn within a Mandarin Chinese language immersion curriculum, greeted the two Presidents on the South Lawn with “Ni Hao,” and some were rewarded…

CSDC Approved for $2 Million in PRI October 21, 2010

CSDC APPROVED FOR $2 MILLION IN PROGRAM RELATED INVESTMENTS (Hanover, MD, October 21, 2010) CSDC has received approval for $2 million in Program Related Investments (PRI), half of which will come directly from the Calvert Foundation, and the other half from the Communities at Work Fund, a $200 million fund launched by Citi Bank, the Opportunity Finance Network and Calvert. In announcing its funding of CAWF, Citi CEO Vikram Pandit said, “Citi’s investment in the…

CSDC Launches IBBF October 4, 2010

CSDC LAUNCHES NEW CREDIT ENHANCEMENT PROGRAM FOR INDIANAPOLIS CHARTER SCHOOLS (Hanover, MD, October, 2010) The Charter Schools Development Corporation (CSDC) has announced the creation of the Indianapolis Building Block Fund (IBBF) in partnership with the Indianapolis Mayor’s Office. Launched with the support of the Indianapolis Local Public Improvement Bond Bank (Bond Bank), this new $2 million credit enhancement program exclusively serves charter schools sponsored by the Mayor of Indianapolis. One of the biggest challenges facing…

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