In addition to financing affordable housing development, Network members are the leading lenders to charter schools and other community facilities that foster economic opportunity and revitalization.
These members, some of the nation's most productive community development financial institutions (CDFIs), collaborate through the Network to enhance business practices, pursue innovation and develop shared platforms to access capital. Six of our member CDFIs (NCB Capital Impact, Low Income Investment Fund, The Reinvestment Fund, Raza Development Fund, the Community Reinvestment Fund and the Housing Partnership Network) joined together to create the Charter School Financing Partnership (CSFP) – a groundbreaking vehicle to access secondary market financing for charter schools that serve disadvantaged students and communities. The U.S. Department of Education awarded the Network $15 million for CSFP to credit enhance the tax exempt bonds originated by the member organizations.
The Network facilitated the business development process to create the partnership, contributed investment and working capital, and manages the company on behalf of the six owning institutions.
For more information, contact Rebecca Regan.
