Washington Yu Ying Public Charter
School
Washington, DC
Mission
The Charter Schools Development Corporation (CSDC), a
501(c)(3) non-profit corporation and Community Development
Financial Institution (CDFI), promotes competition, choice and
excellence in education by financing and building great public
charter schools nationally. With offices in Maryland and
Colorado, CSDC has grown into the leading provider of financial and
real estate development services to charter school organizations
nationally.
As the only CDFI in the country focused exclusively on the
facility and financing needs of charter school organizations, CSDC
helps charter school entrepreneurs and leaders finance, build,
expand and replicate their school models, turning educational
visions into reality, with the goal of ultimately improving student
achievement by increasing school choice and catalyzing competition
within the American public education system. CSDC
distinguishes itself from other charter school financing providers
in one significant way: it is the only national non-profit focused
solely on providing financing for newly established and early-stage
charter schools, i.e. those with less than three years' operational
experience.
Over one-third of CSDC's client schools had no prior operating
history, but with CSDC's technical assistance, innovative
underwriting and financial support they were able to secure their
first leased facility, commence operations, and fulfill their
student recruitment and pre-enrollment commitments. In addition,
more than 60% of CSDC clients serve low-income student populations
(as defined by participation in the Federal Free and Reduced Lunch
Program). Without CSDC's assistance, these schools would not have
been able to open and provide unique, quality educational
opportunities to low-income students in the communities where they
live.
- Through the Building
Block Fund CSDC provides qualifying public charter schools with
credit enhancements that allow them to secure more affordable loans
and leases for their facilities.
- Through the Turnkey
Development Program CSDC delivers build-to-suit facilities both
for lease with option-to-purchase to its school tenants (and
optionees) and on an outsourced basis as a fee
developer.
- Through the Direct Lending
Program, CSDC offers innovative loan products to support the
growth and sustainability of new and early-stage charter schools
and successful, expanding schools.
