Charter Schools Development Corporation: Financing Solutions for Charter School Facilities
   

ABOUT CSDC

 
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CSDC Management

Frank Riggs

Frank Riggs is President and CEO of CSDC and a member of its Board of Directors where he serves as chairman of the Credit Committee. He joined the CSDC Board in January 2000 and, from September 2000 through February 2002, served as CSDC's first Executive Vice President and Chief Operating Officer. Prior to joining CSDC he was Vice President of Government Relations for Educate, Inc.

Frank has substantial private-sector business experience in real estate development, finance, and education, and a record of public service having represented California's First Congressional District for three terms (from 1992-94 and 1994-98).

While in Congress, Frank sat on the House Appropriations, Banking and Financial Services, and the Education and the Workforce Committees. From 1996-98, he chaired the House Subcommittee on Early Childhood, Youth and Families, where he authored the Charter Schools Expansion Act of 1998, and sponsored legislation to improve programs covering special education, vocational and technical education, literacy, teacher training, and bilingual instruction.

Frank is a U.S. Army veteran, former California police officer, and a summa cum laude graduate of Golden Gate University in San Francisco where he received the Associates Award as the outstanding graduate of the baccalaureate program in the College of Business and Public Administration.

Michelle G. Liberati

Michelle Liberati is CSDC's Executive Vice President and Program Director of the Building Block Fund, with overall administrative responsibility for the program, including evaluating and reporting organizational performance vis-à-vis program goals and objectives, underwriting transactions and facilitating communication between CSDC's charter school clients, commercial banks, potential landlords and its credit committee. She is also responsible for marketing and outreach.

Michelle has been with CSDC since its founding and has had management responsibility across all areas of the organization. She works with the president and board of directors to implement strategic and business plans, identify potential funding sources and manage corporate assets and personnel.

Prior to joining CSDC, Michelle was the Program Director of Women's Leadership Programs at the Washington Center for Internships and Academic Seminars. She also worked as a legal assistant for the Federal Education Association and served as a substitute teacher for the Arlington County, Virginia Public Schools.

Michelle holds a Master's degree in education policy from George Washington University and a Bachelor's degree in Philosophy from Tulane University.

Tim Summers

Tim Summers, CSDC’s Controller, is a Certified Public Accountant whose responsibilities include overseeing accounting and finance functions, financial reporting, coordinating audits, and meeting compliance and tax requirements for the various programs of CSDC and its subsidiaries and affiliates.

Prior to joining CSDC in 2006, he began his career by working in public accounting as an auditor. During this time he gained a wide range of experience in financial auditing, retirement plan auditing, litigation support to the Department of Justice which included participation in the Enron Task Force, and tax preparation.

Tim holds a Masters of Science in Finance from Loyola College in Maryland and a Bachelors of Science in Business Administration in both Accounting and Business with a finance concentration from Geneva College.

Rebecca Secrest

Rebecca Secrest, CSDC's Vice President, is responsible for the program’s portfolio monitoring and lease management, acting as a liaison between CSDC and its charter school clients, commercial banks and landlords. Working with facilities development projects from predevelopment through completion, Rebecca represents CSDC as the property manager on all CSDC-owned facilities. Rebecca is also the Assistant Corporate Secretary of CSDC, working closely with the President/CEO and the Board of Directors.

Prior to joining CSDC, Rebecca worked in the financial industry, gaining experience in both the fixed income and equity sides of the industry. After leaving the financial industry, she focused her career on marketing as the primary Marketing Coordinator for a transportation engineering firm.

Rebecca received her MBA through the University of Maryland's Executive Program and holds a Bachelor's degree in Marketing / Communication from the University of Pittsburgh.