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Facilities Financing for DC Public Charter Schools: Data & Reporting

Program Impact

As of May 2021, the Office of the State Superintendent of Education (OSSE) has disbursed more than $103 million through the Direct Loan Revolving Fund and Credit Enhancement Revolving Fund to more than 45 public charter schools since inception. Specifically, the Credit Enhancement Revolving Fund has provided more than $36 million of support to 41 public charter schools leveraging more than $365 million in additional funding for school facilities and the Direct Loan Revolving Fund has disbursed more than $67 million to 49 public charter schools leveraging more than $492 million in additional funding for school facilities.

Recent Transactions

Transactions that the Office of Public Charter School Financing and Support (OPCSFS) recently facilitated include:

  • A $2 million direct loan to support the renovation and opening of a new school site for LEARN DC Public Charter School on the Joint Base Anacostia Bolling (JBAB) campus. The total project cost for Phase I renovations is $2.8 million.
  • A $300,000 direct loan to fund renovations for the Lee Montessori Public Charter School at both its Brookland campus on 4th Street NE and East Campus on R Street SE, allowing the school to serve an additional 110 students and increase total square footage by 2,000 square feet.
  • A $2 million direct loan to fund the renovation of an existing building located at 33-55 Riggs Road NE. This funding helped to leverage an additional $29 million in additional financing. This renovation will add 28,000 square feet to the building that will support an additional 234 student seats.

Additional Facilities Financing Information for DC Public Charter Schools

For additional information about facilities financing for DC public charter schools, please select the links below.

   

Contact Us

For questions or additional information, please email [email protected].

The Direct Loan and Credit Enhancement Program is administered by OSSE’s Office of Public Charter School Financing and Support (OPCSFS) within the Division of Systems and Supports, K-12.

[Publication Date: Dec. 7, 2022]