Timeline
1997
CSDC is established to support quality public school choice for underserved students by developing and financing affordable charter school facilities.
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2000
2002
First recipient of $10M Federal Credit Enhancement Grant.
Launches the Building Block Fund™ to support schools trying to secure facility loans or leases, (“co-signer”).
Pioneered a national credit enhancement program that enabled newly chartered schools to access or build out leased facilities.
Championed for the first ever funding for facilities - a $5M Credit Enhancement Program established in DC, and proved the model for the federal program that still exists today.
2003
2005
Receives second $5 million Federal Credit Enhancement Grant.
$5 million PRI investment from the Kauffman Foundation.
Launches the Turnkey Development Program (TDP), a first of its kind to focus on newly chartered schools and offered a fixed purchase option at onset with a path to ownership.
Serves more than 5,000 students.
2006
2009
Receives a third $6.6 million Federal Credit Enhancement Grant.
Awarded $40 million in New Markets Tax Credits (NMTC).
Launches the Mountain West Charter Schools Fund with the support of a $3 million grant from the Daniels Fund.
5 NMTC participating schools receive substantial loan forgiveness.
Serves more than 25,000 students.
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2010
2014
Receives fourth $5 million & fifth $2 million Federal Credit Enhancement Grants.
Receives a $5M Program Related Investment (PRI) from the Walton Family Foundation.
Certified by the Treasury Department as a Community Development Financial Institution (CDFI) and launches national direct lending program.
Provides 100% LTV loans to newly chartered schools removing the barrier of needing financial equity.
Serves more than 50,000 students.
2015
2017
Receives an additional Federal Credit Enhancement Grant totaling $5 million.
Supports underserved students in rural communities.
Serves more than 70,000 students.
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Year 2018-22
2018
2022
Receives three additional Federal Credit Enhancement Grants totaling $38 million.
Beneficiary of a $70M Bond Guaranty Program (BGP) award, the largest single award under Opportunity Finance Network’s (OFN) FY 2022 multi-party bond loan, allowing CSDC to act as a Sr. Lender for its own projects.
Launches the Tom Nida Charter School Innovation and Academic Excellence Award, which acknowledges 3 Charter Schools for achievement in the areas of financial performance, academics and leadership, and governance.
Serves more than 100,000 students.
Charter Schools Development Corporation (CSDC) supports quality school choice for underserved students by developing and financing affordable charter school facilities.
In accordance with federal laws and U.S. Department of the Treasury policy, this organization is prohibited from discriminating on the basis of race, color, national origin, sex, age, or disability. To file a complaint of discrimination, write to: U.S. Department of the Treasury, Director, Office of Civil Rights and Equal Employment Opportunity 1500 Pennsylvania Avenue, N.W., Washington, DC 20220; call (202) 622-1160; or send an e-mail to: crcomplaints@treasury.gov.