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Direct Loans for District of Columbia Public Charter Schools

The Office of Public Charter School Financing and Support terms for the direct loan revolving fund are:

  • Maximum allocation for each project shall not exceed $2,000,000
  • Request cannot exceed 20% of total fund sources for a project
  • OPCSFS may use discretion to increase the maximum allocation and standard leverage for difficult to finance projects (i.e. leasehold improvements for former DCPS properties) or projects that will benefit a high-need area within the District of Columbia.
  • Maximum term of 5 years
  • Interest rate negotiated at the discretion of OPCSFS
  • Amortization negotiated at the discretion of OPCSFS

Reserve may be required to establish a debt service reserve fund based on a schedule outlined at the discretion of the OPCSFS and any lenders.

For more information, please contact:

Debra Roane
Email: [email protected]
Office Phone: (202) 412-5940
Cell Phone: (202) 262-8883

Contact TTY: 
711
Contact Suite #: 
Fifth Floor
Office Hours: 
Monday to Friday from 8 a.m.-5 p.m.
Service Location: 

1050 First Street, NE

GIS Address: 
1050 First Street, NE
City: 
Washington
State: 
DC
Zip: 
20002