MassDevelopment

Quick Facts

Entity Synopsis

99 HIGH STREET BOSTON, MA 02110

(617) 330-2068

As the Commonwealth's economic development and finance agency, MassDevelopment is committed to achieving three goals: stimulating business, driving economic growth, and helping communities thrive across Massachusetts. Through the Charter School Loan Guarantee Fund, MassDevelopment helps charter schools obtain financing for the acquisition, construction, and/or renovation of school facilities. Under the Program, MassDevelopment issues guarantees on behalf of charter schools on a portion of a loan or bond to improve, purchase or construct its school facilities. A guarantee allows the lender to provide a higher amount of financing and better interest rates than would be allowed under their credit guidelines.

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Abstract for 2014 grant not available.
Abstract for 2003 grant not available.

Entity Snapshot

2003
Total CSP Funds:
$10,025,000.00
Total Directly Enhanced:
$257,631,948
Total Financing Leveraged:
$285,152,720
Number of Schools Served:
36
Number of New Schools Served:
23
2012
Total CSP Funds:
$5,000,000.00
Total Directly Enhanced:
$52,503,650
Total Financing Leveraged:
$64,328,467
Number of Schools Served:
3
Number of New Schools Served:
3
2014
Total CSP Funds:
$4,999,999.62
Total Directly Enhanced:
$31,598,958
Total Financing Leveraged:
$42,582,946
Number of Schools Served:
6
Number of New Schools Served:
6
2017
Total CSP Funds:
$8,000,000.00
Total Directly Enhanced:
$51,042,497
Total Financing Leveraged:
$30,541,887
Number of Schools Served:
6
Number of New Schools Served:
5
2019
Total CSP Funds:
$5,000,000.00
Total Directly Enhanced:
$6,250,000
Total Financing Leveraged:
$0
Number of Schools Served:
1
Number of New Schools Served:
1

Locations Served by CE Lender

No Results Found

Lending Snapshot

Total Transaction Financing