Timeline
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1997
CSDC is established to support quality public school choice for underserved students by developing and financing affordable charter school facilities.
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2000
2002
First recipient of $10M Federal Credit Enhancement Grant.
Launches the Building Block Fund™ to support schools trying to secure facility loans or leases, (“co-signer”).
Pioneered a national credit enhancement program that enabled newly chartered schools to access or build out leased facilities.
Championed for the first ever funding for facilities - a $5M Credit Enhancement Program established in DC, and proved the model for the federal program that still exists today.
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2003
2005
Receives second $5 million Federal Credit Enhancement Grant.
$5 million PRI investment from the Kauffman Foundation.
Launches the Turnkey Development Program (TDP), a first of its kind to focus on newly chartered schools and offered a fixed purchase option at onset with a path to ownership.
Serves more than 5,000 students.
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2006
2009
Receives a third $6.6 million Federal Credit Enhancement Grant.
Awarded $40 million in New Markets Tax Credits (NMTC).
Launches the Mountain West Charter Schools Fund with the support of a $3 million grant from the Daniels Fund.
5 NMTC participating schools receive substantial loan forgiveness.
Serves more than 25,000 students.
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2010
2014
Receives fourth $5 million & fifth $2 million Federal Credit Enhancement Grants.
Receives a $5M Program Related Investment (PRI) from the Walton Family Foundation.
Certified by the Treasury Department as a Community Development Financial Institution (CDFI) and launches national direct lending program.
Provides 100% LTV loans to newly chartered schools removing the barrier of needing financial equity.
Serves more than 50,000 students.
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2015
2017
Receives an additional Federal Credit Enhancement Grant totaling $5 million.
Supports underserved students in rural communities.
Serves more than 70,000 students.
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Year 2018-22
2018
2022
Receives three additional Federal Credit Enhancement Grants totaling $38 million.
Beneficiary of a $70M Bond Guaranty Program (BGP) award, the largest single award under Opportunity Finance Network’s (OFN) FY 2022 multi-party bond loan, allowing CSDC to act as a Sr. Lender for its own projects.
Launches the Tom Nida Charter School Innovation and Academic Excellence Award, which acknowledges 3 Charter Schools for achievement in the areas of financial performance, academics and leadership, and governance.
Serves more than 100,000 students.
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