Since the early 1970s, moral obligation bonds have been used to finance housing, higher education facilities, hospitals, corrections facilities, and more. Some states are now using this tool to help charter schools save on borrowing costs.
What federal agency has funded more charter schools facilities than any other agency? The U.S. Department of Agriculture provides key financing to develop essential community facilities in rural communities.
Historically, the government provided all the funding for public schools. There might have been some small charitable gifts, but this was largely the government's responsibility. Even for capital construction of school buildings, the municipal bond market works very efficiently.
Are you looking to make a difference? Millions of children are seeking a better education and they need new schools and new school facilities.
Land trusts are popular in the affordable housing sector, but are less widely used for charter schools. Using community land trusts, or similar ownership structures, to reduce costs for charter school operators and preserve property for educational uses, is worthy of attention.
Just like traditional public school communities, charter schools, their employees, and their families need access to a myriad of financial services—including student loans and college-planning education.