Texas Facilities Fund Surpasses $100M in Loans to High-Quality Charter Schools
Retrieved on:
Friday, September 29, 2023
AUSTIN, Sept. 29, 2023 /PRNewswire/ -- The Texas Facilities Fund (TFF) has announced it has surpassed $100 million in low-cost investments in early-phase, growing and single-site public charter school operators that demonstrate tremendous potential.
Key Points:
- The announcement came as the state's public charter school community convened at the Texas Public Charter Schools Conference in Austin, TX, September 25-27.
- Financing is made available to schools before they reach the enrollment and revenue thresholds required by the Texas Permanent Schools Fund, a state-administered lending program.
- Over the course of the fund, the Equitable Facilities Fund anticipates that $250 million in TFF loans will catalyze the growth of 20 high-quality Texas schools, helping 10,000 Texas students access a high-quality education in world-class facilities.
- So far, TFF portfolio schools include Compass Rose Public Schools, Beatrice Mayes Institute, Amigos Por Vida - Friends for Life, Houston Classical Charter School, Etoile Academy Charter School and Valor Public Schools.