Greater Collaboration between Charter Authorizers and Lenders Can Ease School Facility Financing Burden, Report Concludes

Stay Updated With The Latest News

NACSA is committed to sharing regular updates on the latest federal COVID-19 information available in an effort to highlight education policies taking place during the pandemic. Primarily, these updates will focus on the latest packages Congress is considering and guidance from the U.S. Department of Education.

Greater Collaboration between Charter Authorizers and Lenders Can Ease School Facility Financing Burden, Report Concludes

Chicago, Ill. – Today the National Association of Charter School Authorizers (NACSA) and the Local Initiatives Support Corporation (LISC) released a joint report aimed at increasing conversation and understanding between lenders and charter school authorizers—two groups with similar interests, albeit different goals, in the success and sustainability of the charter schools they support.

The report, “Charter Lenders & Charter Authorizers: Can We Talk?” is the result of a working group hosted by both organizations that revealed little overlap currently exists between how lenders and authorizers share or evaluate data.

“Both lenders and authorizers want to see strong schools that provide children with excellent educations and are stewards of public money and trust,” said Greg Richmond, NACSA President and CEO. “Facility financing is a hurdle that can set a charter up for success or failure. Increased collaboration will help lenders and authorizers smooth this process and create more great schools.”

The report highlights areas where increased collaboration would ease the burden of data collection for both groups. Most notably, while strong authorizers have a robust architecture of accountability in place to regularly evaluate and report on charter school performance, most bond investors and underwriters reported pulling data from original charter applications, which reflect goals rather than actual performance or progress in meeting goals.

“More productive and transparent communication between lenders and authorizers enables us to focus on growing high-quality schools, which ultimately helps us transform neighborhoods in need,” concluded Reena Abraham, Vice President of Education of LISC.

View Press Release PDF

Most Recent Posts
What Happens When You Take the “Independent” Out of Independent Chartering Board
Maine and Hawaii are two of 17 states with an independent chartering board (ICBs). ICBs are a type of charter school authorizer often called a state charter commission. Where they...
Rebuilding Our “Love Bubble” To Take Care of Our Charter School Community
This piece was written by Arthur Samuels, Executive Director, Pagee Cheung, Principal, Princess Francois, Assistant Principal of Math & Science, and Dwayne James, Social Worker & Director of Diversity, Equity,...
Social Emotional Learning: The Missing Puzzle Piece in South Carolina Charter Schools
This blog post was written by Campbell Mims and Wendy Ward from the South Carolina Public Charter School District. The pandemic has changed everything in the lives of South Carolina Public Charter School...