Charter Schools Development Corporation Logo
We Finance and Built Great Public Charter Schools
LinkedIn Facebook RSS Feeds

New Market Tax Credit Program

Challenge Foundation Academy
Indianapolis, IN

Challenge Foundation Academy (CFA), a K-5 school serving 390 students, opened in September 2006 in a new 30,000 sq.ft. facility located in the highly distressed "Meadows" community, where the poverty rate tops 30%. CSDC structured its NMTCs with a loan-to-value of 120.9%, expanding CFA's facilities budget well beyond what a traditional loan would enable.

CFA has achieved such academic success that it was one of two Indianapolis public schools selected in 2009 to participate in a city-wide school modeling initiative.

Charter Schools are Reforming K-12 Education
CSDC is a 501(c)(3) nonprofit corporation and Community Development Financial Institution
Copyright 2011