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To contact Shelly Cleary, Senior Vice President, Charter School Finance for more information about the Charter Schools program, please use this form:

 

A Facility
for Success

Charter Schools

CDT’s Charter School Lending Program was developed to provide long-term financing for charter schools that have demonstrated the capacity to cultivate excellent teaching and learning.

Generally, the program seeks to serve schools with permanent financing needs of $7,000,000 or less. The program is intended to provide long-term, fixed-rate first mortgage financing for charter facilities in support of the growth and sustainability of the charter school sector.

Eligibility Guidelines

  1. Schools with strong academic performance as evidenced by standardized test scores that are consistent with the terms of the charter and that exceed those of the authorizing district.
  2. At least one successful renewal of the initial charter.
  3. An experienced management team with clearly defined roles and responsibilities.
  4. Strong financial condition.
  5. Demonstrated operational capacity as evidenced by adherence to budgets and positive historical cash flow.
  6. Current stable enrollment at projected levels.

If you are considering applying for CDT financing and would like for us to do a pre-application analysis of your transaction, please forward the following information:

  1. Three years of operating statements and financial audits.
  2. Access to historical state testing results.
  3. Current budget.
  4. Copy of the original charter and subsequent renewals.
  5. Current enrollment by grade as well as current waiting list by grade.

Materials should be sent to Shelly Cleary, Senior Vice President, Charter School Finance.

The terms presented above are representative of CDT charter school financing; actual terms may vary according to specific project and borrower circumstances.

Contact Us

Shelly Cleary
Senior Vice President,
Charter School Finance
212-271-5085

Contact Shelly Cleary

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Henry Johnson<br />
Charter School

Henry Johnson
Charter School

Albany, NY

News

Charter School Spotlight

CapNexus, an online database that matches money and partners to community development finance opportunities, included a profile of CDT’s charter school program in its newsletter.

Read the article