Self-Help’s mission is to create and protect ownership and economic opportunity for all by providing responsible financial services, lending to small businesses and nonprofits, developing real estate, and promoting fair financial practices. While its work benefits communities of all kinds, its focus is on those who may be underserved by conventional lenders, including people of color, women, rural residents, and low-wealth families and communities. Self-Help provides the following financial services: financing, financing technical assistance, real estate development, and real estate technical assistance. Available products are described below:
|Construction Loans||Up to 36 months|
|Working Capital||Only if it is a small percentage of a real estate driven loan|
|Maximum financing for a single project||$30,000,000|
|Maximum amortization (years)||25|
|U.S. Department of Education (ED) Credit Enhancement||$27,200,000|
|New Markets Tax Credit (NMTC) allocation total||$328,000,000|
|Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total||$100,000,000|
|Total historic financing1||$362,342,415|
|Number of schools supported||76|
|NMTC allocation employed for charter facilities||$201,080,447|
|Number of schools supported with NMTC||52|
|CDFI BGP allocation deployed for schools||$0|
|Number of schools supported with CDFI BGP||0|
|Remaining capacity in CDFI BGP allocation||$100,000,000|
|$ amount of financing repaid/refinanced2||$221,144,346|
|Total number of transactions3||151|
|Original $ amount of defaults4||$2,725,350|
|Number of defaults||3|
|Default rate (% of total $ amount of financing)||0.70%|
|Default rate (% of total number of financings)||1.98%|
|$ amount write-offs||$187,460|
|Number of write-offs||2|
|Write-off rate (% of total $ amount of financing)||0.52%|
|Write-off rate (% of total number of financings)||1.32%|
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: November 2018
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.