Public Economics, Inc., specializes in providing the following financing options: the federal Community Development Financial Institutions (CDFI) Bond Guarantee Program, financing strategy/packaging, New Markets Tax Credits (NMTCs), Qualified School Construction Bonds (QSCBs), and Qualified Zone Academy Bonds (QZABs). The company works with the following major types of lenders to help clients finance their projects: major national banks, nonprofit/CDFI lenders, and regional/local banks. It also provides feedback on any areas of concern for charter school clients.
Public Economics has worked with KIPP New Jersey, Uncommon Schools, Match Schools, and Brooke Schools. Before deciding to work with a school, Public Economics tries to establish that a school is competent and will benefit from its expertise. Its required minimum project size is $2 million.
|School Name||Total Project Cost||Lending Institutions||Public Subsidies Used|
|KIPP New Jersey/Camden||$47,000,000||CDFI Bond Guarantee lenders and nonprofit CDFI||QSCBs|
|KIPP New Jersey/Newark (Littleton Avenue)||$35,140,000||CDFI Bond Guarantee lenders, national bank, insurance company, and nonprofit CDFIs||QSCBs|
|Bridge Boston Charter School||$23,200,000||regional bank and nonprofit CDFI||QZABs, bank-qualified tax-exempt bonds|
|Edward Brooke Charter School||$17,500,000||national bank and nonprofit CDFI||QZABs, NMTCs, Historic Tax Credits|
|KIPP New Jersey/ Newark (18th Avenue)||$30,000,000||regional bank, national bank, nonprofit CDFI, insurance company||QZABs, QSCBs, NMTCs, Historic Tax Credits|
Last Updated: December 2016
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.