The mission of Community Development Trust (CDT) is to provide long-term capital in the form of loans and equity investments to low- and moderate-income communities throughout the United States. Its long-term capital helps assure affordability and brings greater stability to these communities, which enhances the quality of life for their residents. CDT is a real estate investment trust that provides capital for the preservation and creation of affordable housing and charter school facilities. CDT provides fully amortizing, permanent financing with terms up to 25 years and a maximum financing amount of $7 million.
|U.S. Department of Education (ED) Credit Enhancement||$0|
|New Markets Tax Credit (NMTC) allocation total||$0|
|Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total||$125,000,000|
|Total historic financing1||$21,000,000|
|Number of schools supported||4|
|NMTC allocation employed for charter facilities||N/A|
|Number of schools supported with NMTC||N/A|
|CDFI BGP allocation deployed for schools||$15,600,000|
|Number of schools supported with CDFI BGP||2|
|Remaining capacity in CDFI BGP allocation||$39,400,000|
|$ amount of financing repaid/refinanced2||$4,900,000|
|Total number of transactions3||4|
|Original $ amount of defaults4||$0|
|Number of defaults||0|
|Default rate (% of total $ amount of financing)||N/A|
|Default rate (% of total number of financings)||N/A|
|$ amount write-offs||$0|
|Number of write-offs||0|
|Write-off rate (% of total $ amount of financing)||N/A|
|Write-off rate (% of total number of financings)||N/A|
1Financing defined as grants, recoverable grants, loans, and guarantees.
2Includes full repayments only; does not include partial amortizations or restructurings.
3Number includes only those financings with a repayment obligation; it excludes grants.
4A defaulted loan is defined as one in which the school can no longer make debt service payments and the lender must litigate or foreclose for repayment. This figure represents the loan amount at origination, not the amount outstanding at default.
Last Updated: September 2017
Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.