In 2016 we launched the Building Equity Initiative, an unprecedented effort to make it easier and more affordable for public charter schools to find, secure and renovate facilities. The goal is to alleviate the time and energy educators spend finding and securing buildings so more resources can go directly to students and teachers.
The Building Equity Initiative marks the first time philanthropists have tried to catalyze system-wide improvements in how high performing public charter schools access facilities financing. Through the Building Equity Initiative, there is now a large network of real estate experts, lenders, financiers, technical assistance providers and more resources available to help public charter schools when financing and securing facilities.
BEI Lending Funds
The Charter Impact Fund is a first-of-its-kind nonprofit revolving loan fund that provides long-term facilities financing and works with partner schools to establish permanent roots and support thousands of students. The CIF provides charter schools with access to lower transaction costs and quicker loan execution, allowing schools to save several million dollars over the loan term.
Learn more about the Charter Impact Fund >
Created in collaboration with Bank of America Merrill Lynch and managed by Civic Builders, the Facilities Investment Fund is an innovative private-philanthropic partnership to drive down costs associated with finding and securing facilities. The FIF will be available to single-site or public charter management organizations for new construction or site renovations.
Learn more about the Facilities Investment Fund >