The Building Block Fund: Credit Enhancements for Charter School Facilities
Is your school trying to secure a facility, but having trouble
qualifying for a loan or lease? CSDC can provide the
"repayment assurance" necessary to close the deal.
Whether you're planning to rent, buy, renovate or construct
educational facilities, CSDC offers crucial credit enhancement
support through its Building Block Fund. Think of CSDC as the
"co-signer" to help you qualify for your initial loan or lease or
to help you expand your successful charter school.
CSDC has been the largest financial intermediary and credit
enhancement provider to charter schools nationally for more than a
decade. Its Building Block Fund credit enhancement program is
focused on getting charter schools into safe, modern, economical
and efficient facilities. CSDC's credit enhancements
gradually "burn off" and are released as the schools establish
themselves and demonstrate good operating results in the
facilities, thus reducing the need for CSDC's financial
At CSDC, we know how to get excellent leverage and help charter
schools secure a 100% financed facility at an affordable cost.
CSDC's credit enhancements are flexible and take many forms:
- Partial, limited lease and loan guarantees
- additional collateral
- loan loss reserves
- debt service reserve funds
Indianapolis Building Block Fund
For charter schools sponsored by the Mayor of Indianapolis, CSDC
offers credit enhancements through the Indianapolis Building Block
Fund. Launched in 2010 in partnership with the Indianapolis Mayor's
Office, this $2 million program offers credit enhancement solutions
to help Indianapolis charter schools secure facilities upon
advantageous lease and loan terms, enabling them to maximize their
educational funding. Click here for more
information on Mayor-sponsored charter schools.
CSDC is the guarantor you can count on to bring confidence to
lenders and landlords. Time and again, CSDC's credit
enhancement support has made the critical difference by inducing a
lender or a landlord to make a commitment to a charter school that
they otherwise wouldn't have made.
Building on Our Success!
CSDC's Building Block Fund has provided over $48 million in
credit enhancement for 104 charter
school organizations serving over 33,500 students in 24
states and the District of Columbia, leveraging over $425 milion in
private capital financing and lease commitments for more than 3.7
million square feet of educational facilities. Check out some
of these success stories - then put our extensive expertise to
work for you!
The Building Block Fund is made possible, in part, by the grant
support of the U.S. Department of Education and the Kauffman
Foundation of Kansas City, MO.
To find out more about CSDC's Building Block Fund, IBBF and
other services, visit our FAQ page. To contact CSDC about your specific
project, complete our School Prequalification