Civic Builders: 2018 Annual Report
Civic Builders develops and finances school buildings for the nation's top public charter schools. Jump in to our 2018 Annual Report to learn about unique facilities financing funds and innovative development approaches in NYC and across the country.
Civic Builders develops and finances school buildings for the nation's top public charter schools. Jump in to our 2018 Annual Report to learn about unique facilities financing funds and innovative development approaches in NYC and across the country.
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BUILDERS<br />
CIVIC<br />
FACILITIES<br />
FINANCING<br />
Charter schools are unable to access<br />
affordable loans for their facilities<br />
projects. This presents a major<br />
barrier to the growth of great schools.<br />
FACILITIES<br />
INVESTMENT<br />
FUND CASE STUDY<br />
Over the last five years, <strong>Civic</strong> <strong>Builders</strong><br />
has created and scaled a lending<br />
business to meet this need and is on<br />
track to be one of the largest charter<br />
school facilities lenders in the nation.<br />
DEVELOPS AFFORDABLE<br />
FINANCING SOLUTIONS<br />
The Facilities Investment Fund, a partnership between the Walton Family Foundation, Bank of<br />
America Merrill Lynch, and <strong>Civic</strong> <strong>Builders</strong>, is a groundbreaking $100 million loan fund that is committed<br />
to improving facilities financing for high-performing charter schools and networks across<br />
the country. The program provides financing for new school construction or renovations to existing<br />
buildings with loans up to $20 million for up to 90% loan-to-value.<br />
Throughout <strong>2018</strong>, the Facilities Investment Fund helped to finance the construction of two new<br />
schools, Great Hearts is constructing a new 784 student, K-6 school in San Antonio, TX, and KIPP<br />
Indianapolis is building a new high school facility to serve 450 students. The Facilities Investment<br />
Fund represents a first-of-its kind partnership between philanthropic capital and commercial capital<br />
used to Improve access for early stage schools and operators that show promise in improving<br />
outcomes for economically disadvantaged students.<br />
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