Transforming Communities: The CSDC Journey with Futuro Academy
From Grocery Store to Groundbreaking School
In 2016, Charter Schools Development Corporate (CSDC) embarked on an ambitious project to transform a 50,000 square foot former grocery store in East Las Vegas into the future home of Futuro Academy. The $8 million New Markets Tax Credit allocation, financed in partnership with LVCIC, US Bank, and Clearinghouse CDFI, laid the foundation for educational excellence in an under-resourced neighborhood.
Nurturing Growth Through Passionate Partnership
Futuro Academy, designed as a slow-growth, college-prep program, faced the challenge of addressing the needs of underserved children and families while simultaneously solving the facilities challenge faced by many Charter Schools. CSDC stood by as a stalworth partner, supporting their growth through seven years and six phases of construction.
A Milestone Achievement
Today, Futuro Academy has reached a significant milestone by exercising its fixed purchase option through the Nevada Facilities Fund. This achievement marks a turning point in the school's journey in controlling their own destiny by owning their own building, the ultimate step in fulfilling the mission of CSDC.
Impacting Lives, Shaping Futures
Futuro Academy now serves approximately 450 K-5 students, providing a solid foundation for academic success in a community that desperately needed it. Their growth is a testament to the power of partnerships backed with visionary leadership and community support.
CSDC: Our Pioneering Approach
The success of Futuro Academy exemplifies CSDC's commitment to empowering education through innovative partnerships and passionate, patient support, transforming not just buildings, but entire communities.
We:
- Identify the right-fit locations and properties
- Innovate and secure appropriate financing
- Partner with new and early-stage schools to see their dreams come to life
- Serve as a lender or landlord to best serve our school partners
The CSDC approach ensures that schools like Futuro Academy can stand on their own, making lasting contributions to their communities.
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.