Overview

Founded in 2008 to access secondary market financing for charter schools, The Charter School Financing Partnership (CSFP) is a collaboration between HPN and five members who are leading lenders to charter schools and other community facilities that foster economic opportunity.

The consortium of members awarded HPN a $15 million ED credit enhancement grant and formed the Charter School Financing Partnership to deploy the grant under Housing Partnership Network’s management. 

Impact

Charter School Financing Partnership has deployed more than $14.5 million in credit enhancements, leveraging more than $165 million in financing for schools serving over 6,600 students in under-served communities. 

In 2016 CSFP began recycling credit enhancement dollars in a new transaction to support the expansion of one of its portfolio schools, Hmong College Prep Academy in St. Paul, MN.  CSFP provided a financing to allow the school to add 800 new seats.  The project includes a new wing to the existing school building, the reconfiguration of existing space, and the addition of recreational facilities and parking on a newly acquired lot across the street.

The schools are located in Arkansas, California, Massachusetts, Michigan, Michigan, New Jersey and New York.

Partners

Board of Directors

Thomas A. Bledsoe, Vice Chair

President and CEO, Housing Partnership Network

Kim Latimer-Nelligan, Chair

Chief Operating Officer, Low Income Investment Fund

Mark Van Brunt

Chief Operating Officer, Raza Development Fund

Scott Sporte, Secretary/Treasurer

Chief Lending Officer, Capital Impact Partners

Sara Vernon Sterman

EVP, Community Investments and Capital Markets, Reinvestment Fund

Daniel Komarek

Senior Vice President, Chief of Lending Operations, and Chief Credit Officer, Community Reinvestment Fund

Sherree Capello

Assistant Treasurer

Rebecca L. Regan

President