Charter school leaders report that lack of access to adequate facilities is one of their primary concerns and one of the biggest barriers to growth. In fact, nearly one in five charter schools had to delay their opening date by a year or more due to facilities related issues. And nearly half of charter schools were in school buildings that did not have space for their anticipated enrollment in five years. Parent demand for charter schools is increasing, but facilities constraints are restricting supply.
Facilities related issues have discouraged countless school leaders from submitting or completing their application. The Charter School Facility Center is dedicated to helping public charter schools access better and more affordable facilities and facility financing.
View the March 5 webinar on negotiating facility leases for charter schools, presented by Lisa Holtzmuller of Barton Gilman law firm.
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.
Are you looking to make a difference? Millions of children are seeking a better education and they need new schools and new school facilities.